549300JZVW1Y1UZ5UK38 2023-01-01 2023-12-31 549300JZVW1Y1UZ5UK38 2022-01-01 2022-12-31 549300JZVW1Y1UZ5UK38 2023-12-31 549300JZVW1Y1UZ5UK38 2022-12-31 549300JZVW1Y1UZ5UK38 2022-12-31 ifrs-full:IssuedCapitalMember 549300JZVW1Y1UZ5UK38 2022-12-31 ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember 549300JZVW1Y1UZ5UK38 2022-12-31 ifrs-full:ReserveOfCashFlowHedgesMember 549300JZVW1Y1UZ5UK38 2022-12-31 ifrs-full:TreasurySharesMember 549300JZVW1Y1UZ5UK38 2022-12-31 ifrs-full:RetainedEarningsMember 549300JZVW1Y1UZ5UK38 2022-12-31 ifrs-full:EquityAttributableToOwnersOfParentMember 549300JZVW1Y1UZ5UK38 2022-12-31 ifrs-full:NoncontrollingInterestsMember 549300JZVW1Y1UZ5UK38 2023-01-01 2023-12-31 ifrs-full:RetainedEarningsMember 549300JZVW1Y1UZ5UK38 2023-01-01 2023-12-31 ifrs-full:EquityAttributableToOwnersOfParentMember 549300JZVW1Y1UZ5UK38 2023-01-01 2023-12-31 ifrs-full:NoncontrollingInterestsMember 549300JZVW1Y1UZ5UK38 2023-01-01 2023-12-31 ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember 549300JZVW1Y1UZ5UK38 2023-01-01 2023-12-31 ifrs-full:ReserveOfCashFlowHedgesMember 549300JZVW1Y1UZ5UK38 2023-01-01 2023-12-31 ifrs-full:TreasurySharesMember 549300JZVW1Y1UZ5UK38 2023-01-01 2023-12-31 ifrs-full:IssuedCapitalMember 549300JZVW1Y1UZ5UK38 2023-12-31 ifrs-full:IssuedCapitalMember 549300JZVW1Y1UZ5UK38 2023-12-31 ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember 549300JZVW1Y1UZ5UK38 2023-12-31 ifrs-full:ReserveOfCashFlowHedgesMember 549300JZVW1Y1UZ5UK38 2023-12-31 ifrs-full:TreasurySharesMember 549300JZVW1Y1UZ5UK38 2023-12-31 ifrs-full:RetainedEarningsMember 549300JZVW1Y1UZ5UK38 2023-12-31 ifrs-full:EquityAttributableToOwnersOfParentMember 549300JZVW1Y1UZ5UK38 2023-12-31 ifrs-full:NoncontrollingInterestsMember 549300JZVW1Y1UZ5UK38 2021-12-31 ifrs-full:IssuedCapitalMember 549300JZVW1Y1UZ5UK38 2021-12-31 ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember 549300JZVW1Y1UZ5UK38 2021-12-31 ifrs-full:ReserveOfCashFlowHedgesMember 549300JZVW1Y1UZ5UK38 2021-12-31 ifrs-full:TreasurySharesMember 549300JZVW1Y1UZ5UK38 2021-12-31 ifrs-full:RetainedEarningsMember 549300JZVW1Y1UZ5UK38 2021-12-31 ifrs-full:EquityAttributableToOwnersOfParentMember 549300JZVW1Y1UZ5UK38 2021-12-31 ifrs-full:NoncontrollingInterestsMember 549300JZVW1Y1UZ5UK38 2021-12-31 549300JZVW1Y1UZ5UK38 2022-01-01 2022-12-31 ifrs-full:RetainedEarningsMember 549300JZVW1Y1UZ5UK38 2022-01-01 2022-12-31 ifrs-full:EquityAttributableToOwnersOfParentMember 549300JZVW1Y1UZ5UK38 2022-01-01 2022-12-31 ifrs-full:NoncontrollingInterestsMember 549300JZVW1Y1UZ5UK38 2022-01-01 2022-12-31 ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember 549300JZVW1Y1UZ5UK38 2022-01-01 2022-12-31 ifrs-full:ReserveOfCashFlowHedgesMember 549300JZVW1Y1UZ5UK38 2022-01-01 2022-12-31 ifrs-full:TreasurySharesMember 549300JZVW1Y1UZ5UK38 2022-01-01 2022-12-31 ifrs-full:IssuedCapitalMember iso4217:DKK iso4217:DKK xbrli:shares Our network combines ferry, road, and rail transport with complementary logistics solutions.The ferry network carries both freight and passengers, and we leverage the ferry network by combining road, ferry, and contract logistics to provide end-to-end solutions in and around Europe. Our logistics solutions include contract logistics, customs services, freight forwarding, packaging, and control tower solutions. Europe Denmark 27304000000 26873000000 5485000000 6426000000 3264000000 3090000000 6743000000 6657000000 5572000000 4726000000 1206000000 1000000000 5034000000 4974000000 -26000000 -14000000 111000000 14000000 2615000000 2371000000 2504000000 2603000000 178000000 135000000 2326000000 2468000000 80000000 80000000 753000000 409000000 1652000000 2139000000 148000000 120000000 1505000000 2019000000 1501000000 2010000000 3000000 10000000 1505000000 2019000000 26.64 35.09 26.58 35.04 3 5 1505000000 2019000000 -21000000 -46000000 -6000000 -10000000 -15000000 -36000000 -119000000 270000000 110000000 -9000000 -20000000 -5000000 0 -7000000 0 41000000 63000000 -177000000 -146000000 72000000 -161000000 36000000 1343000000 2055000000 1341000000 2045000000 2000000 10000000 1343000000 2055000000 4952000000 4407000000 990000000 1026000000 831000000 676000000 346000000 324000000 17000000 12000000 7136000000 6444000000 759000000 559000000 823000000 836000000 11782000000 13186000000 1939000000 1600000000 415000000 369000000 5826000000 4648000000 21543000000 21197000000 2000000 13000000 1000000 16000000 1000000 124000000 79000000 49000000 155000000 299000000 238000000 500000000 28918000000 28141000000 339000000 324000000 4459000000 4015000000 400000000 368000000 20000000 48000000 737000000 1189000000 5955000000 5943000000 34873000000 34084000000 1173000000 1173000000 -451000000 -284000000 13105000000 12133000000 13827000000 13022000000 91000000 114000000 13918000000 13135000000 13134000000 12397000000 467000000 359000000 90000000 88000000 22000000 44000000 43000000 8000000 13756000000 12896000000 2336000000 3137000000 3461000000 3661000000 113000000 52000000 83000000 170000000 904000000 768000000 52000000 40000000 251000000 223000000 7199000000 8053000000 20955000000 20949000000 34873000000 34084000000 1173000000 -543000000 286000000 -28000000 12133000000 13022000000 114000000 13135000000 1501000000 1501000000 3000000 1505000000 62000000 -208000000 -14000000 -160000000 -1000000 -161000000 62000000 -208000000 1487000000 1341000000 2000000 1343000000 17000000 17000000 -25000000 -8000000 293000000 293000000 293000000 12000000 12000000 12000000 29000000 29000000 29000000 21000000 279000000 300000000 300000000 -1000000 1000000 0 0 0 0 0 -21000000 -515000000 -536000000 -25000000 -560000000 1173000000 -480000000 78000000 -48000000 13105000000 13827000000 91000000 13918000000 1173000000 -366000000 -5000000 -25000000 10669000000 11446000000 108000000 11554000000 2010000000 2010000000 10000000 2019000000 -177000000 291000000 0 -78000000 36000000 36000000 0 -177000000 291000000 0 1931000000 2045000000 10000000 2055000000 1000000 1000000 -1000000 0 235000000 235000000 235000000 0 3000000 3000000 5000000 5000000 5000000 235000000 235000000 235000000 5000000 5000000 5000000 20000000 20000000 20000000 2000000 30000000 32000000 32000000 0 0 0 -2000000 -468000000 -470000000 -4000000 -474000000 1173000000 -543000000 286000000 -28000000 12133000000 13022000000 114000000 13135000000 5034000000 4974000000 53000000 45000000 338000000 -6000000 -44000000 -97000000 79000000 50000000 734000000 388000000 240000000 109000000 3811000000 4480000000 998000000 1747000000 1466000000 21000000 578000000 1026000000 92000000 113000000 83000000 70000000 1033000000 280000000 0 -2000000 -14000000 3000000 -1149000000 -2989000000 14000000 175000000 2662000000 1491000000 1556000000 3903000000 4141000000 2632000000 981000000 0 0 1000000000 935000000 963000000 12000000 15000000 300000000 32000000 -8000000 -33000000 0 3000000 281000000 459000000 -3115000000 -1203000000 -454000000 288000000 1189000000 902000000 2000000 -2000000 737000000 1189000000 <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">1.1 <span class="_ _3e"> </span>Principal accounting policies</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In preparing the Annual Report, DFDS focuses on ensuring that the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">content is rele<span class="_ _2"/>vant to the reader and tha<span class="_ _3"/>t the presenta<span class="_ _3"/>tion is clear<span class="_ _2"/>.<span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The purpose is to pro<span class="_ _3"/>vide an overvie<span class="_ _3"/>w of what drives perf<span class="_ _3"/>ormance. The </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">structure of the no<span class="_ _3"/>tes reflects DFDS’ financial perf<span class="_ _3"/>ormance goal, ROIC<span class="_ _2"/>,<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and the structure aims a<span class="_ _3"/>t pro<span class="_ _3"/>viding an enhanced understanding of each </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">accounting ar<span class="_ _3"/>ea by describing rele<span class="_ _2"/>vant accounting policies and any </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">significant accounting estimates and judgemen<span class="_ _3"/>ts relat<span class="_ _3"/>ed there to a<span class="_ _3"/>t the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">end of each note.<span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The accounting policies hav<span class="_ _2"/>e been made within the framework of the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">pre<span class="_ _3"/>vailing Interna<span class="_ _3"/>tional Financial Reporting Standards (IFRS) as adopted </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">by the EU. The a<span class="_ _3"/>ctual text of the st<span class="_ _3"/>andard is not r<span class="_ _2"/>epeated in the notes. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The description of accounting policies in the notes f<span class="_ _3"/>orms part of the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">over<span class="_ _2"/>all description of DFDS’ accounting policies.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Basis of reporting</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The 2023 consolidated financial sta<span class="_ _3"/>tements and parent compan<span class="_ _3"/>y </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">financial statements of DFDS A/<span class="_ _3"/>S hav<span class="_ _3"/>e been prepar<span class="_ _3"/>ed on a going </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">concern basis and in accordance with the IFRS as a<span class="_ _3"/>dopted by the EU<span class="_ _3"/>, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and additional Danish disclosure r<span class="_ _2"/>equirements for listed companies. The </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">consolidated financial sta<span class="_ _3"/>tements are also in a<span class="_ _3"/>ccordance with IFRS as </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"><span><span style="display:inherit;clear:left;">issued by the Interna<span class="_ _3"/>tional Accounting Standar<span class="_ _3"/>ds Board (IASB).</span></span><span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">On 22 February 2024, the Boar<span class="_ _3"/>d of Directors and the Ex<span class="_ _2"/>ecutive </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Management Boar<span class="_ _3"/>d considered and appr<span class="_ _3"/>oved the 2023 Annual Report of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS A/S. The Annual Report will be present<span class="_ _3"/>ed to the shareholders of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS A/S for appr<span class="_ _2"/>oval at the or<span class="_ _3"/>dinary Annual General Meeting on 15 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"><span><span style="display:inherit;clear:left;">March 202<span class="_ _3"/>4.</span></span><span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Basis for prepara<span class="_ _2"/>tion</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The consolidated financial sta<span class="_ _3"/>tements and the Par<span class="_ _3"/>ent company financial </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">statements ar<span class="_ _2"/>e presented in Danish Kroner (DKK) which is the P<span class="_ _3"/>arent </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">company’s func<span class="_ _3"/>tional currenc<span class="_ _3"/>y<span class="_ _2"/>. The consolidated financial statements </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and the Paren<span class="_ _3"/>t company financial statements ar<span class="_ _2"/>e prepared accor<span class="_ _2"/>ding to </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the historical cost convention e<span class="_ _2"/>xcept that deriv<span class="_ _3"/>atives and financial </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">instruments classified as “Fair value thr<span class="_ _2"/>ough profit loss” (FVTPL) are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">measured a<span class="_ _3"/>t fair value<span class="_ _3"/>.<span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Rounding</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In general, r<span class="_ _2"/>ounding may cause variances in sums and percent<span class="_ _3"/>ages in </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the Annual Report.<span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Application of ma<span class="_ _3"/>teriality and rele<span class="_ _3"/>vance</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS’ Annual Report is based on the concept of materiality and r<span class="_ _3"/>elevance </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to ensure tha<span class="_ _3"/>t the content is material and r<span class="_ _2"/>elevant to the user<span class="_ _2"/>. This </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">objective is pursued b<span class="_ _3"/>y pro<span class="_ _3"/>viding relev<span class="_ _2"/>ant rather than generic descriptions </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and information. When assessing ma<span class="_ _2"/>teriality and relevance<span class="_ _3"/>, due </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">considera<span class="_ _3"/>tion is given to ensur<span class="_ _3"/>e compliance with applicable accounting </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">legislation etc. and t<span class="_ _3"/>o ensure that the consolida<span class="_ _2"/>ted financial statements </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and parent compan<span class="_ _3"/>y financial statements giv<span class="_ _3"/>e a true and fair view of the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Group’<span class="_ _2"/>s and the Parent company’<span class="_ _2"/>s financial position at the balance sheet </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">date and the oper<span class="_ _3"/>ations and cash flow<span class="_ _3"/>s for the financial year<span class="_ _2"/>.<span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The consolidated financial sta<span class="_ _3"/>tements and the parent compan<span class="_ _3"/>y financial </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">statements consist of man<span class="_ _3"/>y transactions. These tr<span class="_ _2"/>ansactions are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">aggrega<span class="_ _2"/>ted into classes according to their natur<span class="_ _2"/>e or function and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">presented in classes of similar it<span class="_ _3"/>ems in the financial statements and in </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the notes as requir<span class="_ _2"/>ed by IFRS. If items are individuall<span class="_ _2"/>y immaterial, they </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are aggr<span class="_ _2"/>egated with other items of similar natur<span class="_ _2"/>e in the statements or in </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the notes. The disclosure r<span class="_ _2"/>equirements throughout IFRS ar<span class="_ _2"/>e substantial </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and DFDS pro<span class="_ _3"/>vides these specific disclosures r<span class="_ _3"/>equired b<span class="_ _3"/>y IFRS unless the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">information is consider<span class="_ _2"/>ed immaterial to the economic decision-making of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"><span><span style="display:inherit;clear:left;">the users of these financial statements or not r<span class="_ _2"/>elevant for the Gr<span class="_ _2"/>oup.</span></span><span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Alterna<span class="_ _3"/>tive performance measur<span class="_ _3"/>es</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In the Annual Report DFDS presents certain financial performance </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">measures such as subto<span class="_ _3"/>tals and ke<span class="_ _3"/>y figures which ar<span class="_ _3"/>e not requir<span class="_ _2"/>ed or<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">defined under IFRS. It is considered tha<span class="_ _3"/>t these alternativ<span class="_ _3"/>e measures </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">pro<span class="_ _3"/>vide rele<span class="_ _3"/>vant supplementary informa<span class="_ _3"/>tion for the stakeholders of DFDS.<span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">T<span class="_ _2"/>o impr<span class="_ _3"/>ove compar<span class="_ _2"/>ability of results, management has, in 2023<span class="_ _2"/>,<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">introduced EBIT<span class="_ _2"/>A in the income sta<span class="_ _3"/>tement defined as resul<span class="_ _3"/>t before </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">interest, tax and amortisation.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">For definitions of ke<span class="_ _2"/>y figures please refer to the section ‘De<span class="_ _3"/>finitions’<span class="_ _2"/>.<span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Significant accounting policies</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Accounting policies for basis of consolida<span class="_ _3"/>tion are described belo<span class="_ _3"/>w<span class="_ _2"/>, while </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">accounting policies for the r<span class="_ _3"/>emaining areas ar<span class="_ _2"/>e included in the notes to </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">which they r<span class="_ _3"/>elate.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Management considers the accounting policies for the f<span class="_ _3"/>ollowing ar<span class="_ _3"/>eas as</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the most important for the Group: Consolida<span class="_ _3"/>ted financial statements; </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Revenue (no<span class="_ _3"/>te 2.2); Non-current intangible assets (not<span class="_ _3"/>e 3.1.1); Ferries and</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">other ships (note 3<span class="_ _2"/>.1.2); Right-of-use assets/Leases (note 3<span class="_ _2"/>.1.3); Pension </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and jubilee liabilities (note 3<span class="_ _3"/>.2.4); Financial and oper<span class="_ _2"/>ational risks (note </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">4.1); Business combinations (note 5<span class="_ _2"/>.5); and Contr<span class="_ _2"/>actual commitments </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(note 5<span class="_ _2"/>.<span class="_ _2"/>7). </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Accounting policies for basis of consolida<span class="_ _3"/>tion, non-controlling inter<span class="_ _3"/>ests </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and transla<span class="_ _3"/>tion of foreign curr<span class="_ _2"/>encies are described below<span class="_ _2"/>, while </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">accounting policies for the r<span class="_ _3"/>emaining areas ar<span class="_ _2"/>e included in the notes to </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">which they r<span class="_ _3"/>elate. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Climate rel<span class="_ _3"/>ated risk</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">When preparing the consolida<span class="_ _3"/>ted financial statements, mana<span class="_ _3"/>gement </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">considers climate-rela<span class="_ _3"/>ted risks, wher<span class="_ _3"/>e these could potentiall<span class="_ _2"/>y impact </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">reported amounts mat<span class="_ _3"/>erially<span class="_ _2"/>. The areas in which clima<span class="_ _2"/>te<span class="_ _4"/>-relat<span class="_ _3"/>ed risks </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">hav<span class="_ _3"/>e been assessed at the end of 2023 are incl<span class="_ _3"/>uded within the individual </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">notes outlined below: </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Note 3<span class="_ _3"/>.1.2 <span class="_ _13a"> </span>Non-<span class="_ _4"/>current tangible assets</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Note 3<span class="_ _3"/>.1.3 <span class="_ _13a"> </span>Right-of-use asse<span class="_ _3"/>ts and lease liabilities </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Note 3<span class="_ _3"/>.1.4 <span class="_ _13a"> </span>Impairment testing</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Description of accounting policies</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Basis of consolidation</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The consolidated financial sta<span class="_ _3"/>tements includes the Par<span class="_ _3"/>ent company </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS A/S and the subsidiaries in which the Par<span class="_ _2"/>ent company controls the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">financial and opera<span class="_ _3"/>tional policies. Control is obtained when the Gr<span class="_ _2"/>oup </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">directl<span class="_ _2"/>y or indirectl<span class="_ _3"/>y holds more than 50% of the v<span class="_ _3"/>oting rights in the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">enterprise (<span class="_ _4"/>i.e. subsidiary) or if it, in some other wa<span class="_ _3"/>y<span class="_ _2"/>, controls the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">enterprise. Further<span class="_ _2"/>, control also implies tha<span class="_ _2"/>t the Group is exposed, or has </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">rights, to variable r<span class="_ _2"/>eturns from its invol<span class="_ _2"/>vement with the investee and has </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the ability to affect those r<span class="_ _2"/>eturns through its power o<span class="_ _2"/>ver the investee. The </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Paren<span class="_ _3"/>t company and its subsidiaries are r<span class="_ _2"/>eferred to as the Group<span class="_ _3"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The consolidated financial sta<span class="_ _3"/>tements are based on the P<span class="_ _3"/>arent company </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and the subsidiaries and are pr<span class="_ _2"/>epared by combining items <span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of a uniform natur<span class="_ _2"/>e and eliminating intercompany tr<span class="_ _2"/>ansactions, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">shareholdings, balances, and inter<span class="_ _2"/>company gains and losses. The </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">consolidated financial sta<span class="_ _3"/>tements are pr<span class="_ _2"/>epared by appl<span class="_ _3"/>ying the Group’<span class="_ _2"/>s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">accounting policies.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Investments in subsidiaries ar<span class="_ _2"/>e eliminated against the proportionate </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">share of the subsidiaries’ net asse<span class="_ _3"/>t value at the a<span class="_ _3"/>cquisition date. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Group’<span class="_ _2"/>s investments in associates and joint v<span class="_ _3"/>entures ar<span class="_ _2"/>e recognised </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in the consolidated financial sta<span class="_ _3"/>tements at the Gr<span class="_ _3"/>oup’s pr<span class="_ _2"/>opor<span class="_ _4"/>tionate </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">share of the associa<span class="_ _3"/>te’s / join<span class="_ _3"/>t ventur<span class="_ _3"/>e’s net asse<span class="_ _3"/>t value. Unr<span class="_ _2"/>ealised<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">intercompan<span class="_ _3"/>y gains and losses from tr<span class="_ _3"/>ansactions with associat<span class="_ _3"/>es and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">joint ventur<span class="_ _3"/>es are elimina<span class="_ _3"/>ted by the Gr<span class="_ _3"/>oup’s in<span class="_ _3"/>terest in the r<span class="_ _3"/>espective </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">associate/jointl<span class="_ _2"/>y controlled enterprise.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Non-controlling interests</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In the consolidated financial sta<span class="_ _3"/>tements, the individual financial line </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">items of subsidiaries are r<span class="_ _2"/>ecognised in full. The non-<span class="_ _4"/>controlling inter<span class="_ _2"/>ests’<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">share of the r<span class="_ _2"/>esults for the year and of the equity of subsidiaries which are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">not wholl<span class="_ _3"/>y owned are incl<span class="_ _3"/>uded in the Group’<span class="_ _2"/>s results and equity<span class="_ _2"/>, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">respectiv<span class="_ _2"/>ely<span class="_ _2"/>, but are presented separ<span class="_ _2"/>ately in the pr<span class="_ _2"/>oposed profit </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">appropria<span class="_ _3"/>tion and the statement of change in equity<span class="_ _2"/>. If a non-controlling </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">interest has a put op<span class="_ _3"/>tion to sell its ownership inter<span class="_ _2"/>est to DFDS, the fair </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">value of the put option is r<span class="_ _2"/>ecognised as an interest-bearing liability <span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">which means that the r<span class="_ _3"/>esults for the year and equity a<span class="_ _2"/>ttributable to non-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">controlling inter<span class="_ _2"/>ests are not present<span class="_ _3"/>ed separat<span class="_ _3"/>ely in the pr<span class="_ _2"/>oposed profit </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">appropria<span class="_ _3"/>tion and the Statement of change in equity<span class="_ _2"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">T<span class="_ _26"/>ranslation of f<span class="_ _3"/>oreign curr<span class="_ _3"/>encies</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Functional and presenta<span class="_ _3"/>tion currency</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Items included in the financial statemen<span class="_ _3"/>ts of each of the Group’<span class="_ _2"/>s<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">enterprises are measur<span class="_ _2"/>ed using the functional currency of the primary </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">economic environmen<span class="_ _3"/>t in which the enterprise opera<span class="_ _3"/>tes. The consolidated </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">financial statements ar<span class="_ _2"/>e presented in Danish Kroner (DKK).</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">T<span class="_ _2"/>ranslation of transactions and bal<span class="_ _3"/>ances</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">On initial recognition, for<span class="_ _2"/>eign currency tr<span class="_ _3"/>ansactions ar<span class="_ _3"/>e translat<span class="_ _3"/>ed into </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the functional currenc<span class="_ _2"/>y using the exchange r<span class="_ _3"/>ate pr<span class="_ _3"/>evailing a<span class="_ _3"/>t the date <span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of transac<span class="_ _3"/>tion. Currenc<span class="_ _3"/>y gains and losses resulting fr<span class="_ _2"/>om the settlement of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">these transac<span class="_ _3"/>tions as well as fr<span class="_ _3"/>om the translation a<span class="_ _2"/>t year-end ex<span class="_ _3"/>change </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ra<span class="_ _3"/>tes of monetary assets and liabilities denominated in f<span class="_ _3"/>oreign curr<span class="_ _3"/>encies </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are r<span class="_ _2"/>ecognised in the income statement as financial income or cost </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ex<span class="_ _2"/>cept when deferred in equity as qualifying for cash flow hedges.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Currenc<span class="_ _3"/>y gains and losses on non-monetary items recognised a<span class="_ _3"/>t fair </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">value, such as securities measur<span class="_ _2"/>ed at Fair V<span class="_ _3"/>alue Through Pr<span class="_ _2"/>ofit and<span class="_ _4"/> <span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Loss (FVTPL), are r<span class="_ _3"/>ecognised in the same line item as the fair value <span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">gain or loss.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Non-current assets acquir<span class="_ _2"/>ed in foreign currenc<span class="_ _3"/>y are tr<span class="_ _2"/>anslated at the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ex<span class="_ _2"/>change rate pre<span class="_ _2"/>vailing at the date of acquisition. Gains and losses on </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">hedges rela<span class="_ _3"/>ting to the acquisition of non-current assets ar<span class="_ _2"/>e recognised </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">as part of the value of the non-current asset a<span class="_ _3"/>t its initial recognition.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">T<span class="_ _2"/>ranslation of subsidiaries</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In the consolidated financial sta<span class="_ _3"/>tements, the Income statement it<span class="_ _3"/>ems of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">subsidiaries with a functional currenc<span class="_ _2"/>y different from DKK ar<span class="_ _2"/>e translated </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">at the av<span class="_ _2"/>erage ex<span class="_ _2"/>change rate, while the balance sheet items ar<span class="_ _2"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">transla<span class="_ _3"/>ted at the e<span class="_ _3"/>xchange r<span class="_ _3"/>ates a<span class="_ _3"/>t the end of the reporting period.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Foreign e<span class="_ _2"/>xchange differences arising on tr<span class="_ _2"/>anslation of such subsidiaries’ </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">equity at the beginning of the r<span class="_ _3"/>eporting period to the ex<span class="_ _3"/>change rat<span class="_ _3"/>es at </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the end of the reporting period and on tr<span class="_ _3"/>anslation of the Income </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">statements fr<span class="_ _2"/>om avera<span class="_ _3"/>ge ex<span class="_ _3"/>change ra<span class="_ _3"/>tes to the ex<span class="_ _2"/>change rates at the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">end of the reporting period ar<span class="_ _3"/>e recognised in other compr<span class="_ _2"/>ehensive </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">income and attributed t<span class="_ _3"/>o a separa<span class="_ _3"/>te transla<span class="_ _3"/>tion reserve under equity<span class="_ _2"/>. The </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ex<span class="_ _2"/>change rate adjustment is alloca<span class="_ _3"/>ted between the Par<span class="_ _2"/>ent company’s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and the non-controlling inter<span class="_ _3"/>ests’ share of equity<span class="_ _2"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Report under the ESEF regulation</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Commission Delegated Regula<span class="_ _3"/>tion (EU) 2019/815 on the European </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Single Electronic F<span class="_ _3"/>ormat (ESEF Regulation) has intr<span class="_ _2"/>oduced a single<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">electronic r<span class="_ _2"/>epor<span class="_ _4"/>ting format for the annual financial r<span class="_ _2"/>epor<span class="_ _4"/>ts of issuers with </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">securities listed on the EU regula<span class="_ _3"/>ted markets. The Gr<span class="_ _2"/>oup’s iXBRL tags hav<span class="_ _3"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">been prepar<span class="_ _2"/>ed in accordance with the ESEF taxonom<span class="_ _3"/>y<span class="_ _2"/>, which is included in<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the ESEF Regulation and dev<span class="_ _2"/>eloped based on the IFRS taxonomy </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">published by the IFRS Founda<span class="_ _3"/>tion. The Annual Report submitted to the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Danish Financial Supervisory Authority (the Officially Appointed </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Mechanism) consists of the XHTML document together with the technical </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">files, all of which are included in the ZIP file DFDS-<span class="_ _2"/>2023-<span class="_ _2"/>12-31<span class="_ _2"/>-en.zip. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">K<span class="_ _2"/>ey figures</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Ke<span class="_ _2"/>y figures are calculat<span class="_ _3"/>ed in accordance with the la<span class="_ _3"/>test version of the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Danish Finance Society’s guidelines, ‘Recommenda<span class="_ _2"/>tions and Financial<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Ratios’ unless seper<span class="_ _3"/>atel<span class="_ _3"/>y stated under 'Financial definitions'. The k<span class="_ _2"/>ey </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">figures sta<span class="_ _3"/>ted in the ov<span class="_ _3"/>erview with consolidated financial highlights ar<span class="_ _2"/>e<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">defined on the ‘Definitions and Glossary’ page .</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">1.2</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> <span class="_ _4a"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">New a<span class="_ _3"/>ccounting policies and disclosures</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"><span class="_ _15c"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">New Interna<span class="_ _2"/>tional Financial Repor<span class="_ _4"/>ting Standards and Interpreta<span class="_ _2"/>tions</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Group has adop<span class="_ _3"/>ted all rele<span class="_ _3"/>vant amended accounting standar<span class="_ _2"/>ds. The changes are insignificant to </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the Group.<span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">New standards and in<span class="_ _3"/>terpretations not y<span class="_ _2"/>et adopted</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The IASB has issued a number of amended standar<span class="_ _3"/>ds and interpret<span class="_ _3"/>ations with effectiv<span class="_ _3"/>e date post 31 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Dece<span class="_ _3"/>mber <span class="_ _3"/>2023<span class="_ _2"/>, some<span class="_ _3"/> of w<span class="_ _3"/>hich <span class="_ _3"/>ha<span class="_ _3"/>ve <span class="_ _3"/>not <span class="_ _3"/>yet<span class="_ _3"/> been endorsed by the EU<span class="_ _3"/>. The new and amended standar<span class="_ _3"/>ds </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and <span class="_ _4"/>interpre<span class="_ _3"/>tations ar<span class="_ _3"/>e not mandatory for the financial r<span class="_ _3"/>eporting for 2023. <span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Group e<span class="_ _2"/>xpects to adopt the Standards and Interpr<span class="_ _2"/>etations when they become<span class="_ _4"/> man<span class="_ _4"/>dator<span class="_ _4"/>y<span class="_ _2"/>.<span class="_ _4"/> Non<span class="_ _4"/>e of<span class="_ _4"/> the<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">stand<span class="_ _4"/>ards an<span class="_ _4"/>d in<span class="_ _4"/>terp<span class="_ _4"/>retations <span class="_ _4"/>are expected to ha<span class="_ _3"/>ve a significant impact on r<span class="_ _2"/>ecognition and<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">measurement.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Special items</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">As from 2023 special items ar<span class="_ _2"/>e not presented separa<span class="_ _2"/>tely in the income statement, compar<span class="_ _2"/>ative figures </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">hav<span class="_ _3"/>e been resta<span class="_ _3"/>ted.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Reallocation of goodwill</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">During the year comparison figur<span class="_ _3"/>es for segments, divisions, and cash genera<span class="_ _2"/>ting units have been </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">resta<span class="_ _3"/>ted as part of goodwill from a prior acquisition has been r<span class="_ _2"/>eallocated from Logistics Division to Ferry </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Division. Hence the primary financial statements has not been impac<span class="_ _3"/>ted.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">IFRS 16 practical e<span class="_ _2"/>xpedient</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">From 202<span class="_ _3"/>4, DFDS will no longer apply the pr<span class="_ _2"/>actical expedient not to a<span class="_ _3"/>ccount for each lease component </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">within lease contra<span class="_ _3"/>cts separa<span class="_ _3"/>tely<span class="_ _2"/>. DFDS will instead separ<span class="_ _2"/>ate the non-lease components from the lease </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">components. In addition, DFDS has elected to no longer capitalise short<span class="_ _2"/>-term leases of ferries, but only </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">those expected t<span class="_ _3"/>o be extended. The changes ar<span class="_ _2"/>e assessed to give more r<span class="_ _3"/>elevant inf<span class="_ _3"/>ormation, and is bet<span class="_ _2"/><span class="ls0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ter aligned with market pr<span class="_ _2"/>actice. The changes are consider<span class="_ _3"/>ed a change in accounting policy and com<span class="ls0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">parable figur<span class="_ _2"/>es will be restated r<span class="_ _3"/>etrospectiv<span class="_ _2"/>ely<span class="_ _2"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS’ accounting policy has historicall<span class="_ _2"/>y been not to separat<span class="_ _3"/>e the non-lease components from the lease </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">components (<span class="_ _3"/>ex<span class="_ _3"/>cept for terminals), and instea<span class="_ _3"/>d account for the contr<span class="_ _3"/>acts in their entir<span class="_ _3"/>ety (the pra<span class="_ _3"/>ctical </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">expedient). Furthermor<span class="_ _3"/>e, short term leases (with a term below one year) f<span class="_ _3"/>or ferries hav<span class="_ _3"/>e historicall<span class="_ _3"/>y been </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">recognised on the balance sheet as a lease liability and a right<span class="_ _2"/>-<span class="_ _4"/>of-use asse<span class="_ _3"/>t that is deprecia<span class="_ _2"/>ted instead </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of expensing the lease costs dir<span class="_ _2"/>ectly in the income statement.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS’ preliminary assessment indicat<span class="_ _3"/>es that this change in policy will r<span class="_ _2"/>educe the 31 December 2023<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">right-of<span class="_ _3"/>-use assets (DKK -<span class="_ _2"/>232m), right-of<span class="_ _3"/>-use liabilities (DKK -<span class="_ _2"/>221m) and retained earnings (DKK -<span class="_ _2"/>11m). </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Deprecia<span class="_ _3"/>tion in 2023 is expected to be r<span class="_ _2"/>educed by DKK -<span class="_ _2"/>140m and operating costs to incr<span class="_ _2"/>ease by DKK </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">158m. Minor impact is e<span class="_ _3"/>xpected on inter<span class="_ _3"/>est costs, profit on disposal of non-current asse<span class="_ _3"/>ts, ex<span class="_ _3"/>change ra<span class="_ _3"/>te </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">gain/loss, prepaid costs and other pa<span class="_ _2"/>yables. As a result, EBITDA will decr<span class="_ _2"/>ease by DKK 158m, EBIT by </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DKK 18m and profit bef<span class="_ _3"/>ore tax b<span class="_ _3"/>y DKK 16m. ROIC is not e<span class="_ _2"/>xpected to be visibly impacted while le<span class="_ _2"/>verage is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">expected t<span class="_ _3"/>o increase b<span class="_ _3"/>y 0<span class="_ _2"/>.05 times.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> Accounting <span class="_ _4c"> </span>policies<span class="_ _4"/> <span class="_ _fe"> </span><span class="ls0 ws0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The segment informa<span class="_ _3"/>tion has been compiled in conformity with the Group’<span class="_ _2"/>s accounting policies and is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in accordance with the in<span class="_ _3"/>ternal management reports.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> Accounting <span class="_ _4c"> </span>policies<span class="_ _4"/> <span class="_ _fe"> </span><span class="ls0 ws0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Revenue fr<span class="_ _2"/>om transport of passengers, freight and fr<span class="_ _3"/>om rendering terminal and w<span class="_ _3"/>arehouse services </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">etc., is r<span class="_ _3"/>ecognised in the income statement a<span class="_ _3"/>t the time of delivery of the service to the customer<span class="_ _2"/>, which </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">is the time where the contr<span class="_ _2"/>ol is transferred and when ea<span class="_ _3"/>ch separat<span class="_ _3"/>e performance obligation in the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">customer contra<span class="_ _3"/>ct is fulfilled follo<span class="_ _3"/>wing the “ov<span class="_ _3"/>er-<span class="_ _3"/>time principle”<span class="_ _26"/>. Some of the ferry and freight </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">transports hav<span class="_ _2"/>e a series of performance obligations, but as the duration of these tr<span class="_ _2"/>anspor<span class="_ _4"/>ts are short </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">term the impact fr<span class="_ _3"/>om splitting these contr<span class="_ _3"/>acts into “distinc<span class="_ _3"/>t services” will not have ma<span class="_ _3"/>terial impact. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Most transports carried out by the F<span class="_ _3"/>erry Division are chara<span class="_ _3"/>cterised by short delivery time (most sailings </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are less than 30 hours while sailings to/fr<span class="_ _2"/>om T<span class="_ _2"/>ürkiye are up to 7<span class="_ _3"/>2 hours). T<span class="_ _2"/>ransports carried out b<span class="_ _3"/>y the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Logistics Division can be over a longer period.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Revenue fr<span class="_ _2"/>om char<span class="_ _4"/>tering out ferries is r<span class="_ _3"/>ecognised straight line o<span class="_ _3"/>ver the dur<span class="_ _3"/>ation of the agr<span class="_ _3"/>eement. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Onboard sales is r<span class="_ _2"/>ecognised at a “point in time”<span class="_ _2"/>. Re<span class="_ _3"/>venue is measur<span class="_ _3"/>ed at fair v<span class="_ _3"/>alue ex<span class="_ _2"/>cluding value </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">added tax and after deduction of tr<span class="_ _2"/>ade discounts. T<span class="_ _2"/>rade r<span class="_ _2"/>eceivables are not adjusted f<span class="_ _3"/>or any financing </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">component when recognised. The gener<span class="_ _2"/>al credit terms are follo<span class="_ _2"/>wing market terms.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Accounting estimat<span class="_ _3"/>es and judgements are made in or<span class="_ _2"/>der to determine time of delivery and accrue for </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">rele<span class="_ _3"/>vant income along with ev<span class="_ _2"/>aluation of pricing. These accounting estimates and judgements ar<span class="_ _2"/>e<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">based on experience and historical sales figur<span class="_ _2"/>es along with a continuous follow-up on service deliver<span class="_ _2"/>ed.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> Accounting <span class="_ _4c"> </span>policies<span class="_ _4"/> <span class="_ _fe"> </span><span class="ls0 ws0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Ferry and other ship costs comprise costs of sales rela<span class="_ _3"/>ted to catering as w<span class="_ _2"/>ell as maintenance and daily </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">running costs of ferries and other ships. Bunk<span class="_ _3"/>er consumption includes hedging. Writ<span class="_ _3"/>e-<span class="_ _4"/>downs and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">realised losses on tr<span class="_ _2"/>ade receivables ar<span class="_ _3"/>e included in ferry and other ship opera<span class="_ _3"/>tion and maintenance. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Port terminal opera<span class="_ _3"/>tions and T<span class="_ _2"/>ransport solutions and w<span class="_ _3"/>arehouse solutions ar<span class="_ _2"/>e costs related to land-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">based activities such as ste<span class="_ _3"/>vedoring, terminal, and haulage costs. Costs of sales and a<span class="_ _3"/>dministra<span class="_ _3"/>tion </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">comprise costs of sales, marketing, and a<span class="_ _3"/>dministration.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> Accounting <span class="_ _4c"> </span>policies<span class="_ _4"/> <span class="_ _fe"> </span><span class="ls0 ws0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">W<span class="_ _3"/>ages, salaries, social security contributions, pension contributions, paid annual leav<span class="_ _2"/>e and sick leave, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">bonuses, and non-monetary benefits are accrued in the y<span class="_ _2"/>ear in which the associated services are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">render<span class="_ _2"/>ed by employees of the Gr<span class="_ _3"/>oup. Where the Gr<span class="_ _2"/>oup provides long-term emplo<span class="_ _2"/>yee benefits, the costs </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are accrued t<span class="_ _3"/>o match the r<span class="_ _3"/>endering of the services by the employees.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> Accounting <span class="_ _4c"> </span>policies<span class="_ _4"/> <span class="_ _fe"> </span><span class="ls0 ws0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Amortisation and deprecia<span class="_ _3"/>tion for the year ar<span class="_ _2"/>e recognised based on the amortisation and deprecia<span class="_ _3"/>tion </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">profiles of the underl<span class="_ _2"/>ying assets. Reference is made to no<span class="_ _3"/>te 3.1.1, 3<span class="_ _2"/>.1.2 and 3.1.<span class="_ _3"/>3.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> Accounting <span class="_ _4c"> </span>policies<span class="_ _4"/> <span class="_ _fe"> </span><span class="ls0 ws0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">T<span class="_ _24e"/>ax for the year comprises income tax, tonnage tax, and joint t<span class="_ _3"/>axation contribution f<span class="_ _3"/>or the year of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Danish subsidiaries as well as changes in deferr<span class="_ _2"/>ed tax for the year<span class="_ _24e"/>. Additionally<span class="_ _2"/>, the tax for the year </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">comprises adjustments to prior years' t<span class="_ _3"/>axes and changes in the assessment of pr<span class="_ _3"/>ovisions for uncertain </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">tax positions. The tax for the y<span class="_ _3"/>ear is recognised in the income sta<span class="_ _3"/>tement or in the equity in correla<span class="_ _3"/>tion to </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the underlying tr<span class="_ _2"/>ansaction.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The current pa<span class="_ _3"/>yable Danish corpor<span class="_ _3"/>ation tax is allocat<span class="_ _3"/>ed by the settlemen<span class="_ _3"/>t of a joint taxa<span class="_ _3"/>tion </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">contribution between the jointl<span class="_ _2"/>y taxed companies in proportion to their tax<span class="_ _2"/>able income. Companies </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">with tax losses receiv<span class="_ _3"/>e joint taxa<span class="_ _2"/>tion contributions from companies that hav<span class="_ _3"/>e been able to utilise the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">tax losses to reduce their o<span class="_ _2"/>wn taxable profit. T<span class="_ _24e"/>ax computed on the taxable income and tonna<span class="_ _3"/>ge tax for </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the year is r<span class="_ _3"/>ecognised in the balance sheet as pay<span class="_ _3"/>able or receiv<span class="_ _3"/>able corporat<span class="_ _3"/>e tax considering on-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">account/<span class="_ _2"/>advance pa<span class="_ _3"/>yments.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Deferred t<span class="_ _3"/>ax is pro<span class="_ _3"/>vided for using the liability method on tempor<span class="_ _3"/>ary differences betw<span class="_ _3"/>een the carrying </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">amount and the tax base of the assets and liabilities at the r<span class="_ _2"/>epor<span class="_ _4"/>ting date. Ho<span class="_ _3"/>wev<span class="_ _2"/>er<span class="_ _2"/>, deferred tax is not </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">recognised on tempor<span class="_ _2"/>ar<span class="_ _4"/>y differences r<span class="_ _2"/>elating to non-tax<span class="_ _2"/>-deductible goodwill that arose on acquisition </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">date without impac<span class="_ _3"/>ting the result or tax<span class="_ _2"/>able income. Deferred tax r<span class="_ _3"/>elating to assets and liabilities </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">subject to tonnage tax<span class="_ _2"/>ation is recognised to the e<span class="_ _3"/>xtent that deferr<span class="_ _2"/>ed tax is expected to crystallise. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Deferred t<span class="_ _3"/>ax assets are r<span class="_ _2"/>ecognised for all deductible temporary differ<span class="_ _3"/>ences and the carry forward of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">any unused tax losses. Deferr<span class="_ _2"/>ed tax assets are recognised to the e<span class="_ _2"/>xtent that it is probable tha<span class="_ _3"/>t taxable </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">profit will be a<span class="_ _3"/>vailable against which the deductible t<span class="_ _3"/>emporary differ<span class="_ _3"/>ences, and the carry forward of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">unused tax losses, can be utilised in the for<span class="_ _3"/>eseeable future. The carrying amount is r<span class="_ _3"/>eview<span class="_ _2"/>ed at each </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">reporting date<span class="_ _3"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Deferred t<span class="_ _3"/>ax is measured based on the e<span class="_ _3"/>xpected use and settlement o<span class="_ _3"/>f the individual assets and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">liabilities and according t<span class="_ _3"/>o the tax rules and at the known tax r<span class="_ _2"/>ates applicable at the balance sheet </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">date when the deferr<span class="_ _2"/>ed tax is expected to crystallise as curr<span class="_ _3"/>ent tax. The change in deferr<span class="_ _3"/>ed tax as a </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">result o<span class="_ _3"/>f changes in tax ra<span class="_ _3"/>tes is recognised in the income sta<span class="_ _3"/>tement. Uncertain tax positions are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">measured, depending on the type, either as a pr<span class="_ _2"/>obability-weighted a<span class="_ _2"/>verage of possible outcomes or as </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the most likel<span class="_ _2"/>y outcome. Uncertain tax positions are recognised either as pa<span class="_ _2"/>yable/<span class="_ _3"/>receivable t<span class="_ _3"/>ax and/</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">or as deferred t<span class="_ _3"/>ax assets/liabilities.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> Accounting <span class="_ _4c"> </span>policies<span class="_ _4"/> <span class="_ _fe"> </span><span class="ls0 ws0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Non-current intangible assets - Other than goodwill </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Generall<span class="_ _2"/>y<span class="_ _3"/>, the following applies unless otherwise sta<span class="_ _3"/>ted:<span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">• <span class="_ _9f"> </span> <span class="_ _2d"/>Assets are measured a<span class="_ _3"/>t cost less accumulated amortisation and impairmen<span class="_ _3"/>t losses.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">• <span class="_ _9f"> </span> <span class="_ _2d"/>The cost includes costs to external suppliers, materials and components, dir<span class="_ _2"/>ect wages, salaries, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and interests paid as fr<span class="_ _2"/>om the time of payment until the date when the asset is a<span class="_ _3"/>vailable for use<span class="_ _3"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">• <span class="_ _9f"> </span> <span class="_ _2d"/>The assets are amortised on a straight<span class="_ _2"/>-line basis over the estimated useful life<span class="_ _3"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">• <span class="_ _9f"> </span> <span class="_ _2d"/>The effect from changes in amortisation period or the r<span class="_ _3"/>esidual value is r<span class="_ _3"/>ecognised prospectiv<span class="_ _2"/>ely <span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">as a change in the accounting estimate<span class="_ _3"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Goodwill</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">At initial r<span class="_ _2"/>ecognition goodwill is recognised in the balance sheet at cost, as described in note 5<span class="_ _2"/>.5 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">‘Business-combinations’<span class="_ _26"/>. Subsequently<span class="_ _2"/>, goodwill is measured at cost less accumula<span class="_ _2"/>ted impairment </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">losses. Goodwill is not amortised. An impairment test is performed at least once a y<span class="_ _3"/>ear together with </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">other non-current assets of the Gr<span class="_ _2"/>oup. The book value of goodwill is allocated to the Gr<span class="_ _3"/>oup’<span class="_ _3"/>s cash-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">genera<span class="_ _3"/>ting units at the time of acquisition.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> Accounting <span class="_ _4c"> </span>policies <span class="_ _fe"> </span><span class="ff3 ws0"> (continued)</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Dev<span class="_ _3"/>elopment projects in progr<span class="_ _2"/>ess</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Developmen<span class="_ _3"/>t projects in pr<span class="_ _3"/>ogress, primaril<span class="_ _2"/>y development of IT softwar<span class="_ _2"/>e, are recognised as non-curr<span class="_ _3"/>ent </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">intangible assets if the follo<span class="_ _3"/>wing criteria are met:<span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">• <span class="_ _9f"> </span> <span class="_ _2d"/>The projects are clearl<span class="_ _2"/>y defined and identifiable.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">• <span class="_ _9f"> </span> <span class="_ _2d"/>The Group intends to use the projec<span class="_ _3"/>ts once completed.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">• <span class="_ _9f"> </span> <span class="_ _2d"/>The future earnings from the pr<span class="_ _3"/>ojects are e<span class="_ _2"/>xpected to cover the de<span class="_ _3"/>velopment and administr<span class="_ _2"/>ative </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">costs, and</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">• <span class="_ _9f"> </span> <span class="_ _2d"/>The costs can be reliably measur<span class="_ _2"/>ed.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The amortisation of capitalised dev<span class="_ _3"/>elopment projects st<span class="_ _3"/>arts after the completion of the developmen<span class="_ _3"/>t </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">project and is r<span class="_ _2"/>ecognised on a straight-line basis o<span class="_ _3"/>ver the e<span class="_ _3"/>xpected useful life, which normall<span class="_ _2"/>y is 3-5 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">years, but in certain cases up to 10 y<span class="_ _3"/>ears (the latter applies t<span class="_ _3"/>o significant internally de<span class="_ _2"/>veloped </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">commercial and oper<span class="_ _2"/>ational systems).</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Other non-current intangible assets</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Other non-current intangible assets comprise the v<span class="_ _3"/>alue of customer rela<span class="_ _2"/>tions or similar<span class="_ _2"/>, identified as </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">part of business combinations, and which has definite useful life. Other non-curr<span class="_ _3"/>ent intangible assets </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are measur<span class="_ _2"/>ed at cost less accumulated amortisation and impairment losses. Amortisation is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">recognised on a str<span class="_ _2"/>aight-line basis over the e<span class="_ _2"/>xpected useful life, which normall<span class="_ _3"/>y is 3-5 years, ex<span class="_ _2"/>cept </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">from customer portf<span class="_ _3"/>olio which is up to 15 years.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Port concession rights</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Port concession rights comprise the value of access t<span class="_ _3"/>o strat<span class="_ _3"/>egically pla<span class="_ _3"/>ced ports which is recognised </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">at their fair v<span class="_ _3"/>alue at the acquisition da<span class="_ _3"/>te. Acquir<span class="_ _2"/>ed por<span class="_ _4"/>t concession rights are amortised ov<span class="_ _3"/>er the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">concession period.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> Accounting <span class="_ _4c"> </span>policies<span class="_ _4"/><span class="ls0 ws0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Non-current tangible assets</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The following applies unless otherwise sta<span class="_ _3"/>ted:<span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">• <span class="_ _2f"> </span> <span class="_ _2b"/>Assets are measur<span class="_ _2"/>ed at cost less accumulated depr<span class="_ _3"/>eciation and impairment losses.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">• <span class="_ _2f"> </span> <span class="_ _2b"/>The cost includes costs to ext<span class="_ _3"/>ernal suppliers, materials and components, dir<span class="_ _3"/>ect wages, salaries </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and interests paid as fr<span class="_ _2"/>om the time of payment until the date when the asset is a<span class="_ _3"/>vailable for use<span class="_ _3"/>. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The cost price also comprises gains and losses on transac<span class="_ _3"/>tions designated as hedges.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">• <span class="_ _2f"> </span> <span class="_ _2b"/>The basis for deprecia<span class="_ _2"/>tion is determined as the cost less estimated residual v<span class="_ _3"/>alue.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">• <span class="_ _2f"> </span> <span class="_ _2b"/>The assets are depr<span class="_ _2"/>eciated on a straight<span class="_ _3"/>-line basis ov<span class="_ _3"/>er the estimated useful life to the estima<span class="_ _3"/>ted </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">residual v<span class="_ _3"/>alue.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">• <span class="_ _2f"> </span> <span class="_ _2b"/>Estimated useful life and estima<span class="_ _3"/>ted residual v<span class="_ _3"/>alues are r<span class="_ _2"/>eassessed at least once a year<span class="_ _24e"/>. In<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">estimating the estimat<span class="_ _3"/>ed useful life for ferries and other ships it is tak<span class="_ _2"/>en into consideration that </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS continuously is spending subst<span class="_ _3"/>antial funds on ongoing maintenance.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">• <span class="_ _2f"> </span> <span class="_ _2b"/>The effect fr<span class="_ _3"/>om changes in depreciation period or the r<span class="_ _2"/>esidual value is recognised pr<span class="_ _2"/>ospectively as </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">a change in the accounting estimate<span class="_ _3"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Ferries and other ships</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The rebuilding/<span class="_ _2"/>upgrade of ferries and other ships is capitalised if the r<span class="_ _2"/>ebuilding/upgra<span class="_ _3"/>de can be </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">attributed t<span class="_ _3"/>o:</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">• <span class="_ _43"> </span> Safety <span class="_ _fe"> </span>measures.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">• <span class="_ _2f"> </span> <span class="_ _2b"/>Measures to e<span class="_ _2"/>xtend the useful life of the ferries and other ships.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">• <span class="_ _2f"> </span> <span class="_ _2b"/>Measures to r<span class="_ _2"/>educe climate impact.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">• <span class="_ _2f"> </span> <span class="_ _2b"/>Measures to impr<span class="_ _2"/>ove earnings.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">• <span class="_ _43"> </span> Docking.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Maintenance and dail<span class="_ _3"/>y running costs for the ferries and other ships ar<span class="_ _3"/>e expensed in the income </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">statement as incurr<span class="_ _2"/>ed. Docking costs are capitalised and deprecia<span class="_ _3"/>ted on a straight<span class="_ _2"/>-line basis until the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ferries' or ships' next docking. In most cases, the docking in<span class="_ _3"/>terval is 2 years for passenger cruise f<span class="_ _3"/>erries </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and 2½ years for fr<span class="_ _2"/>eight and passenger ferries as well as freight ferries.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Gains or losses on the disposal of ferries and other ships ar<span class="_ _3"/>e calculated as the differ<span class="_ _2"/>ence between the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">sales price less sales costs and the book value a<span class="_ _3"/>t disposal date. Gains or losses on the disposal of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ferries and other ships ar<span class="_ _3"/>e recognised when contr<span class="_ _2"/>ol have transferr<span class="_ _2"/>ed to the buyer and are pr<span class="_ _3"/>esented in </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the income statement as ‘Pr<span class="_ _2"/>ofit on disposal of non-<span class="_ _4"/>current assets, net’<span class="_ _26"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> Accounting <span class="_ _4c"> </span>policies <span class="_ _fe"> </span><span class="ff3 ws0"> (continued)<span class="ff2 ls0"> </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Passenger cruise ferries and freight and passenger (ro-pax) ferries</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Due to differ<span class="_ _3"/>ences in the wear of certain components of passenger cruise ferries and r<span class="_ _3"/>o-pax ferries, the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">cost of these ferries is divided into components with lo<span class="_ _3"/>w wear<span class="_ _24e"/>, such as hull and engine, and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">components with high wear<span class="_ _24e"/>, such as parts of the hotel, catering/<span class="_ _2"/>restaur<span class="_ _3"/>ants, and shop areas.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Freight ferries (ro-ro<span class="_ _2"/>)</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The cost of freight f<span class="_ _3"/>erries is not divided into components as there is no ma<span class="_ _2"/>terial difference in the wear of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the various components of fr<span class="_ _3"/>eight ferries.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Depreciation – e<span class="_ _2"/>xpected useful life and residual value </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The deprecia<span class="_ _3"/>tion period for components with low w<span class="_ _3"/>ear is 35 years for both r<span class="_ _2"/>o<span class="_ _4"/>-pax and ro-ro f<span class="_ _3"/>erries from </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the year in which the ferry was buil<span class="_ _3"/>t. The depreciation period f<span class="_ _3"/>or passenger cruise ferries is 45 years.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The residual v<span class="_ _3"/>alue of ferries is estimated as the e<span class="_ _2"/>xpected fair value at the end of their use<span class="_ _3"/>ful lifetime.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Management has also consider<span class="_ _3"/>ed the impact of decarbonisation and clima<span class="_ _3"/>te-related risk<span class="_ _3"/>s on the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">useful lives of e<span class="_ _3"/>xisting assets. Such risks include ne<span class="_ _3"/>w climate-rela<span class="_ _3"/>ted legislation r<span class="_ _3"/>estricting the use of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">certain assets, new technology demanded b<span class="_ _3"/>y climate-rela<span class="_ _3"/>ted legislation, and the incr<span class="_ _3"/>ease in </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">restor<span class="_ _2"/>ation costs for terminal sites due to new and/<span class="_ _24e"/>or more comprehensiv<span class="_ _3"/>e policies.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Other non-current tangible assets</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Other non-current tangible assets comprise buildings, terminals and machinery<span class="_ _24e"/>, tools and equipment,<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and leasehold impro<span class="_ _3"/>vements.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The estimated useful lifetimes ar<span class="_ _3"/>e as follow<span class="_ _3"/>s:<span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">• <span class="_ _11f"> </span> Buildings <span class="_ _1c1"> </span>25-50 <span class="_ _30"> </span>years</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">• <span class="_ _9f"> </span> <span class="_ _2d"/>T<span class="_ _2"/>erminals etc. <span class="_ _22"> </span>10-40 years</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">• <span class="_ _9f"> </span> <span class="_ _2d"/>Equipment etc. <span class="_ _d"> </span>4-<span class="_ _2"/>10 years</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">• <span class="_ _9f"> </span> <span class="_ _2d"/>Leasehold improvements <span class="_ _5f"> </span>Max. depr<span class="_ _3"/>eciated ov<span class="_ _2"/>er the term of the lease<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Gains or losses arising from the disposal of other non-curr<span class="_ _3"/>ent tangible assets are calcula<span class="_ _2"/>ted as the<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">difference be<span class="_ _3"/>tween the sales price less sales costs and the book value a<span class="_ _2"/>t disposal date. Gains or losses <span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">on the disposal of these non-current assets ar<span class="_ _3"/>e recognised in the income sta<span class="_ _3"/>tement as ‘Profit on disposal of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">non-current assets, net'.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> Accounting <span class="_ _4c"> </span>policies<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Group as lessee (lease in)</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The right-of<span class="_ _3"/>-use asset and corresponding lease liability is r<span class="_ _2"/>ecognised at the commencement date, i.e<span class="_ _3"/>. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the date the underl<span class="_ _2"/>ying asset is ready for use. Right<span class="_ _2"/>-<span class="_ _4"/>of-use asse<span class="_ _3"/>ts are measur<span class="_ _3"/>ed at cost corr<span class="_ _3"/>esponding </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to the lease liability recognised, a<span class="_ _3"/>djusted for any lease pr<span class="_ _3"/>epayments including dismantling and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">restor<span class="_ _2"/>ation costs. The lease liabilities are measured a<span class="_ _2"/>t the present value of lease pa<span class="_ _3"/>yments to be made </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">over the lease t<span class="_ _3"/>erm. The lease payments ar<span class="_ _3"/>e discounted using DFDS’ incremental borr<span class="_ _2"/>owing rat<span class="_ _3"/>e. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Deprecia<span class="_ _3"/>tion follows the str<span class="_ _2"/>aight-line method ov<span class="_ _3"/>er the lease term or the useful life of the right<span class="_ _2"/>-<span class="_ _4"/>of-use </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">assets, whichev<span class="_ _3"/>er is shortest. Howev<span class="_ _2"/>er<span class="_ _2"/>, for one terminal the depreciation is based on v<span class="_ _3"/>olumes handled </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in the terminal.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The lease payments include fix<span class="_ _2"/>ed payments less any lease incentives r<span class="_ _3"/>eceivable and variable lease </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">payments tha<span class="_ _3"/>t depend on an index or a r<span class="_ _3"/>ate. If the contr<span class="_ _2"/>act holds an option to purchase, e<span class="_ _2"/>xtend or </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">terminate a lease and it is r<span class="_ _2"/>easonably certain to be ex<span class="_ _3"/>ercised b<span class="_ _3"/>y the Group, the lease liability will </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">include those. The variable lease pa<span class="_ _2"/>yments that do not depend on an index or a r<span class="_ _3"/>ate ar<span class="_ _3"/>e recognised as </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">expenses in the period on which the e<span class="_ _3"/>vent or condition that triggers the pa<span class="_ _2"/>yment occurs.<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Group applies the short<span class="_ _3"/>-term lease r<span class="_ _3"/>ecognition ex<span class="_ _2"/>emption for lease contracts tha<span class="_ _3"/>t, at the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">commencement date, ha<span class="_ _2"/>ve a lease term of 12 months or less for all classes of underl<span class="_ _3"/>ying assets </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ex<span class="_ _2"/>cept for terminals and ferries and other ships, and the ex<span class="_ _2"/>emption for lease contracts f<span class="_ _3"/>or which the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">underlying asse<span class="_ _3"/>t is of low value<span class="_ _3"/>. Lease payments on short<span class="_ _3"/>-term leases and leases of lo<span class="_ _3"/>w-v<span class="_ _3"/>alue assets </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are r<span class="_ _2"/>ecognised as expenses on a straight<span class="_ _3"/>-line basis over the lease t<span class="_ _3"/>erm. For all classes of assets, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ex<span class="_ _2"/>cept for terminals, non-lease components, i.e., the service element, is not separa<span class="_ _3"/>ted from the lease </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">components and thereb<span class="_ _3"/>y form part of the right-of<span class="_ _3"/>-use asset and lease liability recognised in the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">balance sheet.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">For contr<span class="_ _3"/>acts with a rolling t<span class="_ _3"/>erm (e<span class="_ _3"/>ver<span class="_ _3"/>green leases), the Mana<span class="_ _3"/>gement ex<span class="_ _3"/>ercises judgement in </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">determining useful lifetime of the underl<span class="_ _2"/>ying right-of-use asset.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">As from 1 January 2024 the Gr<span class="_ _2"/>oup will changed its accounting policies regarding short<span class="_ _2"/>-term leases for </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ferries and other ships as well as a<span class="_ _3"/>ccounting trea<span class="_ _3"/>tment of the non-lease components. Please ref<span class="_ _3"/>er to </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">section 1.2 "New accounting policies and disclosur<span class="_ _2"/>es".</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Group as lessor (lease out)</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">For accounting purposes, assets leased out ar<span class="_ _2"/>e divided into finance and operating leases. In r<span class="_ _3"/>espect of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">assets leased out on a finance lease, an amount equal to the net pr<span class="_ _2"/>esent value of the future lease </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">payments is r<span class="_ _3"/>ecognised in the balance sheet as a lease receiv<span class="_ _2"/>able from lessee. The asset leased out is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">reclassified fr<span class="_ _2"/>om non-<span class="_ _4"/>current asset to leases r<span class="_ _2"/>eceivables and any gain or loss arising from this is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">recognised in the income sta<span class="_ _3"/>tement. Lease income from assets leased out on an oper<span class="_ _2"/>ating lease is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">recognised in the income sta<span class="_ _3"/>tement on a straight<span class="_ _2"/>-line basis over the lease term.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> Accounting <span class="_ _4c"> </span>policies<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The carrying amount of Goodwill, non-current intangible, tangible and right<span class="_ _2"/>-<span class="_ _4"/>of-use assets ar<span class="_ _2"/>e<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">continuously assessed, a<span class="_ _2"/>t least once a year<span class="_ _2"/>, to determine whether there is an indica<span class="_ _2"/>tion of impairment.<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">When such indication e<span class="_ _3"/>xists the reco<span class="_ _3"/>verable amoun<span class="_ _3"/>t of the asset is assessed. The reco<span class="_ _3"/>ver<span class="_ _3"/>able amount </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">is the higher of the fair value less costs of disposal and the v<span class="_ _2"/>alue<span class="_ _4"/>-in-use. The value-in-use is calculated </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">as the present v<span class="_ _3"/>alue of the future ne<span class="_ _3"/>t cash flow<span class="_ _2"/>, which the asset is expected t<span class="_ _3"/>o generat<span class="_ _3"/>e either by itself </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">or from the lo<span class="_ _3"/>west cash-genera<span class="_ _3"/>ting unit to which the asset is allocated.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> Accounting <span class="_ _4c"> </span>policies<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Receivables ar<span class="_ _3"/>e recognised a<span class="_ _3"/>t amortised cost less expected cr<span class="_ _3"/>edit losses. DFDS’ risks r<span class="_ _3"/>egarding tr<span class="_ _3"/>ade </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">receiv<span class="_ _3"/>ables are not consider<span class="_ _2"/>ed unusual and no material risk is attributable to a single customer or </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">group of customers. A<span class="_ _3"/>ccording to the Gr<span class="_ _2"/>oup’s policy of undertaking cr<span class="_ _3"/>edit risks, assessment of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">significant customers are perf<span class="_ _3"/>ormed. Write-downs on tr<span class="_ _3"/>ade receiv<span class="_ _3"/>ables are based on the simplified </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">expected cr<span class="_ _2"/>edit loss model. Credit loss allowances on individual r<span class="_ _2"/>eceivables are pr<span class="_ _3"/>ovided for when </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">objective indica<span class="_ _3"/>tions of credit losses occur such as customer bankruptc<span class="_ _2"/>y and uncer<span class="_ _4"/>tainty about the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">customers’ ability and/<span class="_ _2"/>or willingness to pay<span class="_ _2"/>, etc. In addition to this, allo<span class="_ _3"/>wances for e<span class="_ _3"/>xpected cr<span class="_ _3"/>edit </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">losses are made on the r<span class="_ _2"/>emaining trade receiv<span class="_ _2"/>ables based on a simplified approach. W<span class="_ _3"/>ork in progr<span class="_ _3"/>ess </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">services is measured based on the value o<span class="_ _3"/>f the of the work performed as of the balance sheet da<span class="_ _3"/>te. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Write-downs and r<span class="_ _3"/>ealised losses on trade r<span class="_ _2"/>eceivables and work in progr<span class="_ _2"/>ess ser<span class="_ _4"/>vices are r<span class="_ _3"/>ecognised in </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ferry and other ship opera<span class="_ _3"/>tion and maintenance costs in the income statemen<span class="_ _3"/>t. Other receivables </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">comprise other tra<span class="_ _3"/>de receiv<span class="_ _3"/>ables; insurance r<span class="_ _3"/>eceivables on loss or damage of ferries and o<span class="_ _3"/>ther ships; </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">financial lease receiv<span class="_ _3"/>ables; outstanding balances for chartered f<span class="_ _3"/>erries; interest r<span class="_ _2"/>eceivable, etc.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> Accounting <span class="_ _4c"> </span>policies<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Bunker is measur<span class="_ _3"/>ed at cost based on the FIFO method or the net r<span class="_ _2"/>ealisable value where this is low<span class="_ _2"/>er<span class="_ _2"/>.<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Catering supplies and other in<span class="_ _3"/>ventories ar<span class="_ _3"/>e measured a<span class="_ _3"/>t cost based on the weighted a<span class="_ _3"/>vera<span class="_ _3"/>ge cost </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">method or the net r<span class="_ _3"/>ealisable value wher<span class="_ _3"/>e this is lower<span class="_ _24e"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> Accounting <span class="_ _4c"> </span>policies<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Other pay<span class="_ _3"/>ables comprise amounts owed to st<span class="_ _3"/>aff<span class="_ _2"/>, including wages and salaries, holiday pa<span class="_ _2"/>y, salary/</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">wages r<span class="_ _2"/>elated items, etc. amounts ow<span class="_ _2"/>ed to the public authorities, V<span class="_ _3"/>A<span class="_ _2"/>T<span class="_ _24e"/>, ex<span class="_ _3"/>cise duties, real pr<span class="_ _3"/>operty </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">taxes et<span class="_ _3"/>c.; amounts ow<span class="_ _3"/>ed in connection with the purchase/<span class="_ _24e"/>disposal of ferries and other ships, buildings </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and terminals; accrued inter<span class="_ _3"/>est expenses; pa<span class="_ _3"/>yables to associa<span class="_ _3"/>tes and joint ventur<span class="_ _3"/>es; amounts ow<span class="_ _3"/>ed in </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">rela<span class="_ _3"/>tion to defined contribution pension plans etc.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> Accounting <span class="_ _4c"> </span>policies<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Contributions to defined contribution pension plans are r<span class="_ _2"/>ecognised in the income statement in the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">period in which they r<span class="_ _3"/>elate, and an<span class="_ _3"/>y payable contributions ar<span class="_ _2"/>e accrued in the balance sheet as other </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">pay<span class="_ _3"/>ables. As regar<span class="_ _3"/>ds defined benefit pension plans, an actuarial val<span class="_ _3"/>uation of the value in use of futur<span class="_ _2"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">benefits pay<span class="_ _3"/>able under the plan is made once a year<span class="_ _24e"/>. The value in use is calculated based on </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">assumptions of future de<span class="_ _2"/>velopment in wage/<span class="_ _2"/>salar<span class="_ _4"/>y levels, inter<span class="_ _2"/>est rates, infla<span class="_ _3"/>tion, mortality<span class="_ _2"/>, etc. The </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">value in use is onl<span class="_ _2"/>y calculated for benefits to which the employ<span class="_ _3"/>ees have become en<span class="_ _3"/>titled during their </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">employment with the Gr<span class="_ _3"/>oup. The actuarial calcula<span class="_ _3"/>tion of the value in use less the fair v<span class="_ _3"/>alue of any </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">assets under the plan is recognised in the balance shee<span class="_ _3"/>t under pension obligations. If a defined benefit </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">pension plan constitutes a net asset, the asset is r<span class="_ _3"/>ecognised only if it offse<span class="_ _3"/>ts future r<span class="_ _3"/>efunds from the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">plan or will lead to r<span class="_ _3"/>educed future pa<span class="_ _3"/>yments to the plan. Pension costs of the year ar<span class="_ _2"/>e recognised in the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">income statement based on a<span class="_ _3"/>ctuarial estimates and financial e<span class="_ _3"/>xpectations a<span class="_ _3"/>t the beginning of the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">year<span class="_ _24e"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The difference be<span class="_ _3"/>tween the calculated de<span class="_ _2"/>velopment in pension assets and liabilities and the realised </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">values ar<span class="_ _3"/>e recognised in other compr<span class="_ _2"/>ehensive income as actuarial gains and losses.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Changes in the benefits pay<span class="_ _3"/>able for employ<span class="_ _3"/>ees’ past service to the enterprise result in an a<span class="_ _3"/>djustment </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of the actuarial calculation of the v<span class="_ _2"/>alue<span class="_ _4"/>-in-use, which is classified as past service costs. Past service </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">costs are r<span class="_ _2"/>ecognised in the income statement immediatel<span class="_ _2"/>y if the employees have alr<span class="_ _2"/>eady earned the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">right to the adjusted benefit. Otherwise, the benefits will be r<span class="_ _3"/>ecognised in the income statement o<span class="_ _3"/>ver </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the period in which the employees earn the righ<span class="_ _3"/>t to the adjusted benefits. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Other non-current employ<span class="_ _3"/>ee obligations include jubilee benefits, etc<span class="_ _3"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> Accounting <span class="_ _4c"> </span>policies<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Pro<span class="_ _3"/>visions are r<span class="_ _3"/>ecognised when, due to an ev<span class="_ _3"/>ent occurring on or before the r<span class="_ _2"/>epor<span class="_ _4"/>ting date, the Gr<span class="_ _2"/>oup<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">has a legal or constructive obliga<span class="_ _3"/>tion, and it is probable that the Gr<span class="_ _2"/>oup will have to give up futur<span class="_ _2"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">economic benefits to meet the obligation and tha<span class="_ _3"/>t the obligation can be r<span class="_ _3"/>eliably estima<span class="_ _3"/>ted. Pro<span class="_ _3"/>visions </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are r<span class="_ _2"/>ecognised based on Management<span class="_ _4"/>’s best estima<span class="_ _3"/>te of the anticipated e<span class="_ _2"/>xpenditure for settling the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">rele<span class="_ _3"/>vant obligation and ar<span class="_ _2"/>e discounted if deemed material.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> Accounting <span class="_ _4c"> </span>policies<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Deriva<span class="_ _3"/>tive financial instruments</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Derivativ<span class="_ _2"/>e financial instruments are measured in the balance sheet a<span class="_ _3"/>t fair value as fr<span class="_ _2"/>om the date where </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the derivativ<span class="_ _2"/>e financial instrument is concluded. The fair values of deriva<span class="_ _3"/>tives financial instruments ar<span class="_ _3"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">presented as deriv<span class="_ _2"/>ative financial instruments under assets if positive or under liabilities if nega<span class="_ _3"/>tive. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Netting of positiv<span class="_ _3"/>e and negative deriv<span class="_ _3"/>ative financial instruments is onl<span class="_ _2"/>y performed if the Group is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">entitled to and has the intention to set<span class="_ _3"/>tle the derivativ<span class="_ _2"/>e financial instruments as a net. Fair values of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">derivativ<span class="_ _2"/>e financial instruments are computed on the basis of current mark<span class="_ _3"/>et data and gener<span class="_ _2"/>ally </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">accepted v<span class="_ _3"/>aluation methods.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Fair value hedge</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Changes in the fair value of financial instrumen<span class="_ _3"/>ts designated as and qualifying for r<span class="_ _3"/>ecognition as a fair </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">value hedge of r<span class="_ _2"/>ecognised assets and liabilities are recognised in the income sta<span class="_ _3"/>tement together with </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">changes in the value of the hedged asset or liability based on the hedged pr<span class="_ _2"/>opor<span class="_ _4"/>tion. Hedging of future </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">cash flows accor<span class="_ _2"/>ding to agreements (firm commitments), e<span class="_ _2"/>xcept for for<span class="_ _3"/>eign currenc<span class="_ _3"/>y hedges, is trea<span class="_ _3"/>ted </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">as a fair value hedge of a r<span class="_ _2"/>ecognised asset and liability<span class="_ _3"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Cash flow hedge</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Changes in the fair value of financial instrumen<span class="_ _3"/>ts designated as and qualifying for cash flow hedging </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and which effectivel<span class="_ _2"/>y hedge changes in future cash flows, ar<span class="_ _2"/>e recognised in other comprehensiv<span class="_ _3"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">income. The change in fair val<span class="_ _3"/>ue that r<span class="_ _3"/>elates to the effectiv<span class="_ _2"/>e por<span class="_ _4"/>tion of the cash flow hedge is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">recognised as a separ<span class="_ _2"/>ate equity reserve until the hedged cash flow impa<span class="_ _3"/>cts the income statement. A<span class="_ _2"/>t </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">this point in time the rela<span class="_ _3"/>ted gains or losses pre<span class="_ _3"/>viously r<span class="_ _2"/>ecognised in other comprehensive income ar<span class="_ _3"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">transferr<span class="_ _2"/>ed to the income statement into the same line item as the hedged item is r<span class="_ _2"/>ecognised. However<span class="_ _26"/>,<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">when the forecast tr<span class="_ _2"/>ansaction that is hedged resul<span class="_ _3"/>ts in the recognition of a non-<span class="_ _3"/>financial asset, the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">gains or losses pre<span class="_ _3"/>viously r<span class="_ _2"/>ecognised in other comprehensive income ar<span class="_ _3"/>e transferr<span class="_ _2"/>ed from equity and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">included in the initial measurement of the cost of the non-<span class="_ _2"/>financial asset. For derivative financial </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">instruments that no longer qualify for hedge accounting, the hedge is dissol<span class="_ _2"/>ved prospectiv<span class="_ _3"/>ely<span class="_ _24e"/>. The </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">accumulated f<span class="_ _3"/>air value in equity is immediat<span class="_ _3"/>ely tr<span class="_ _2"/>ansferred to the income statement in<span class="_ _3"/>to the same line </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">item as the hedged item is recognised.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Other financial instruments</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">For financial instruments that do not ful<span class="_ _3"/>fil the requir<span class="_ _2"/>ements of being treated as hedge instruments, the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">changes in fair value ar<span class="_ _2"/>e recognised in the Income statement as financial income and cost.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> Accounting <span class="_ _4c"> </span>policies<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Financial income and costs comprise interest income and costs; r<span class="_ _2"/>ealised and unrealised gains and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">losses on receiv<span class="_ _3"/>ables, payables and tr<span class="_ _2"/>ansactions denominated in for<span class="_ _3"/>eign currencies; r<span class="_ _2"/>ealised gains<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and losses on securities; amortisation of financial assets and liabilities; inter<span class="_ _3"/>ests on leasing </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">agreemen<span class="_ _3"/>ts; bank charges and fees et<span class="_ _3"/>c. Also included are r<span class="_ _2"/>ealised and unrealised gains and losses on </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">derivativ<span class="_ _2"/>e financial instruments that are not designat<span class="_ _3"/>ed as hedges.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> Accounting <span class="_ _4c"> </span>policies<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Interest<span class="_ _2"/>-bearing liabilities comprise amounts owed to mortgage/<span class="_ _24e"/>credit institutions and banks as well </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">as amounts ow<span class="_ _3"/>ed to owners of issued corpor<span class="_ _3"/>ate bonds including liabilities arising fr<span class="_ _3"/>om derivativ<span class="_ _2"/>es<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">rela<span class="_ _3"/>ting to issued corpora<span class="_ _3"/>te bonds. The amounts are initiall<span class="_ _2"/>y recognised at fair v<span class="_ _3"/>alue net of tr<span class="_ _3"/>ansaction </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">expenses. Subsequentl<span class="_ _2"/>y<span class="_ _3"/>, the financial liability is measured at amortised cost, corr<span class="_ _3"/>esponding to the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">capitalised value using the eff<span class="_ _3"/>ective inter<span class="_ _2"/>est method, so that the difference betw<span class="_ _3"/>een the proceeds and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the nominal value is r<span class="_ _3"/>ecognised in the income statement under financial costs o<span class="_ _3"/>ver the term of the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">loan. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Interest<span class="_ _2"/>-bearing liabilities also include capitalised residual lease obligations on leases. Other liabilities </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are r<span class="_ _2"/>ecognised at amortised cost<span class="_ _4"/>, which corresponds to the ne<span class="_ _3"/>t realisable val<span class="_ _3"/>ue in all material </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">respects.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> Accounting <span class="_ _4c"> </span>policies<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Dividends</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Proposed dividends is r<span class="_ _2"/>ecognised as liabilities at the date on which they ar<span class="_ _3"/>e adopted at the Annual </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">General Meeting (time of declar<span class="_ _2"/>ation).</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Reserve for treasury shares</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The reserve comprises the nominal v<span class="_ _3"/>alue of treasury shar<span class="_ _3"/>es. The differ<span class="_ _3"/>ence between the marke<span class="_ _3"/>t price </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">paid and the nominal value as w<span class="_ _3"/>ell as dividends on treasury shares ar<span class="_ _2"/>e recognised directl<span class="_ _2"/>y in equity </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"><span><span style="display:inherit;clear:left;">under retained earnings. The r<span class="_ _2"/>eserve is a distributable reserve.</span></span> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Currency tr<span class="_ _3"/>anslation r<span class="_ _3"/>eserve</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The reserve comprises DFDS A/<span class="_ _2"/>S shareholders’ share of curr<span class="_ _3"/>ency transla<span class="_ _2"/>tion adjustments arising on </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the transla<span class="_ _3"/>tion of net investments in en<span class="_ _3"/>terprises with a functional currenc<span class="_ _3"/>y other than DKK. The reserve </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">is dissolv<span class="_ _2"/>ed upon disposal of the entity.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Reserve for hedging</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The hedging reserve comprises the f<span class="_ _3"/>air value of hedging tr<span class="_ _3"/>ansactions that qualify for r<span class="_ _2"/>ecognition as </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">cash flow hedges and wher<span class="_ _3"/>e the hedged transac<span class="_ _3"/>tions have not been r<span class="_ _2"/>ealised. Hedge accounting </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ceases when the hedging instrument matur<span class="_ _3"/>es or if a hedge is no longer effective<span class="_ _3"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> Accounting <span class="_ _4c"> </span>policies<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Group has set up equity<span class="_ _2"/>-settled share option plans and RSUs. T<span class="_ _24e"/>reasury shares ar<span class="_ _2"/>e used for the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">share option plans and the RSUs. The v<span class="_ _2"/>alue of ser<span class="_ _4"/>vices receiv<span class="_ _3"/>ed in ex<span class="_ _3"/>change for gran<span class="_ _3"/>ted share based </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">payment is measur<span class="_ _3"/>ed at the fair v<span class="_ _3"/>alue of the share based pa<span class="_ _2"/>yment granted.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The equity-set<span class="_ _3"/>tled share options and RSUs ar<span class="_ _2"/>e measured at the fair v<span class="_ _3"/>alue at gr<span class="_ _3"/>ant date and r<span class="_ _3"/>ecognised </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in the income statement under sta<span class="_ _3"/>ff costs over the v<span class="_ _3"/>esting period. The counter posting is recognised </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">directl<span class="_ _2"/>y in equity as a shareholder transa<span class="_ _3"/>ction. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">At initial r<span class="_ _2"/>ecognition of the share options, an estimate is made o<span class="_ _2"/>ver the number of share based </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">payment tha<span class="_ _3"/>t the employees will v<span class="_ _3"/>est, cf<span class="_ _2"/>. the ser<span class="_ _4"/>vice conditions described above in this no<span class="_ _3"/>te. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Subsequent to initial recognition, the estima<span class="_ _2"/>te of share based payments to be v<span class="_ _3"/>ested is adjusted </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">whereb<span class="_ _3"/>y the total r<span class="_ _3"/>ecognition is based on the actual number of vested shar<span class="_ _2"/>e based payments.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The fair value of the gr<span class="_ _2"/>anted share options is calculated using the Bla<span class="_ _3"/>ck<span class="_ _2"/>-Scholes option-pricing model. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">T<span class="_ _24e"/>erms and conditions for each grant ar<span class="_ _2"/>e taken into account when calculating the f<span class="_ _3"/>air value.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The share based pa<span class="_ _3"/>yment progr<span class="_ _2"/>ammes are recognised at f<span class="_ _3"/>air value o<span class="_ _3"/>ver the vesting period and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">expensed as sta<span class="_ _3"/>ff cost. The accrual is recor<span class="_ _3"/>ded under other pay<span class="_ _3"/>ables or on equity depending on </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">whether settlement is done in cash or shar<span class="_ _2"/>es, respectivel<span class="_ _2"/>y.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> Accounting <span class="_ _4c"> </span>policies<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The statement of cash flo<span class="_ _3"/>ws has been prepar<span class="_ _2"/>ed using the indirect method, and shows the consolida<span class="_ _2"/>ted<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">cash flows fr<span class="_ _2"/>om operating, investing, and financing a<span class="_ _3"/>ctivities for the year<span class="_ _24e"/>, and the consolidated cash </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and cash equivalents at the beginning and end o<span class="_ _3"/>f the year<span class="_ _24e"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The cash flow effect of a<span class="_ _3"/>cquisition and disposal of enterprises is shown separ<span class="_ _2"/>ately in cash flo<span class="_ _3"/>ws to/</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">from inv<span class="_ _2"/>esting activities. Cash flows from a<span class="_ _3"/>cquisitions of enterprises are r<span class="_ _2"/>ecognised in the Cash flow </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">statement fr<span class="_ _2"/>om the date of acquisition. Cash flows fr<span class="_ _2"/>om divestment of enterprises are r<span class="_ _3"/>ecognised up </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">until the date of disposal. Cash flo<span class="_ _3"/>ws from oper<span class="_ _2"/>ating activities is calculated on the basis of the pr<span class="_ _3"/>ofit/</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">loss before depr<span class="_ _2"/>eciation and amortisation (EBITDA) adjusted f<span class="_ _3"/>or the cash flow effect of non-cash </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">opera<span class="_ _3"/>ting items, changes in working capital (such as tr<span class="_ _2"/>ade payables, deferr<span class="_ _2"/>ed income, current account </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">pay<span class="_ _3"/>ables to joint ventur<span class="_ _3"/>es, trade r<span class="_ _2"/>eceivables, prepaid costs, etc.), pa<span class="_ _2"/>yments related to pensions and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">other pro<span class="_ _2"/>visions, payments relating to financial it<span class="_ _3"/>ems and corporation t<span class="_ _3"/>ax paid.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Cash flows fr<span class="_ _2"/>om investing activities includes paymen<span class="_ _3"/>ts in connection with the acquisition and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">divestment of enterprises and a<span class="_ _3"/>ctivities and of non-current intangible assets, tangible asse<span class="_ _3"/>ts and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">investments. Cash flo<span class="_ _3"/>ws from financing a<span class="_ _3"/>ctivities includes changes in the size or composition of the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Group’<span class="_ _2"/>s share capital, payment of dividends to shar<span class="_ _2"/>eholders, purchase of treasury shar<span class="_ _3"/>es, cash </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">receiv<span class="_ _3"/>ed from e<span class="_ _3"/>xer<span class="_ _2"/>cise of share options and the obtaining and repa<span class="_ _2"/>yment of bank loans and mor<span class="_ _4"/>tgage </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">loans and other long-term and short<span class="_ _2"/>-term debt. Payment of lease liabilities is included under financing </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">activities and the r<span class="_ _3"/>elated inter<span class="_ _2"/>est is included as a financial item under operating activities. Cash and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">cash equivalents comprise cash at bank<span class="_ _2"/>s and on hand.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> Accounting <span class="_ _4c"> </span>policies<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Enterprises acquir<span class="_ _3"/>ed or formed during the year ar<span class="_ _2"/>e recognised in the consolidated financial statemen<span class="_ _3"/>ts </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">from the da<span class="_ _3"/>te of acquisition or forma<span class="_ _3"/>tion. Enterprises disposed are r<span class="_ _2"/>ecognised in the consolidated </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">financial statements until the da<span class="_ _3"/>te of disposal. The compara<span class="_ _2"/>tive figures are no<span class="_ _3"/>t adjusted for </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">acquisitions or disposals.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Business combinations wher<span class="_ _3"/>e control is obtained b<span class="_ _2"/>y the Group are r<span class="_ _3"/>ecognised using the acquisition method. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The identifiable assets, liabilities, and contingent liabilities of newl<span class="_ _2"/>y acquired enterprises ar<span class="_ _2"/>e assessed at<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">their fair value on the a<span class="_ _3"/>cquisition date. Identifiable int<span class="_ _3"/>angible assets are r<span class="_ _2"/>ecognised if they are separable or </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">arise from a contr<span class="_ _2"/>actual right. Deferred tax r<span class="_ _3"/>elated to the r<span class="_ _2"/>evaluations is r<span class="_ _3"/>ecognised.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The acquisition date is the da<span class="_ _3"/>te on which the Group ob<span class="_ _3"/>tains actual contr<span class="_ _3"/>ol over the a<span class="_ _3"/>cquired enterprise. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Positive diff<span class="_ _3"/>erences (<span class="_ _2"/>goodwill) between, on the one hand, the purchase price, the v<span class="_ _3"/>alue of minority </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">interests in the a<span class="_ _3"/>cquired enterprise and the f<span class="_ _3"/>air value of any pr<span class="_ _2"/>eviously acquir<span class="_ _2"/>ed shareholdings, and, on </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the other hand, the fair val<span class="_ _3"/>ue of the acquired identifiable asse<span class="_ _3"/>ts, liabilities and contingent liabilities are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">recognised as goodwill under non-current in<span class="_ _3"/>tangible assets. Goodwill is not amortised but is tested </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">annually f<span class="_ _3"/>or impairment. The first impairment test is performed befor<span class="_ _2"/>e the end of the acquisition year<span class="_ _2"/>. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Upon acquisition, goodwill is allocated to the cash-gener<span class="_ _3"/>ating units, which subsequentl<span class="_ _2"/>y form the basis<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">for the impairment test. Allocation of goodwill to cash-gener<span class="_ _3"/>ating units is described in notes 3<span class="_ _2"/>.1.1 and<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">3.1.<span class="_ _2"/>4.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Goodwill and fair value a<span class="_ _3"/>djustments in connection with the acquisition of a for<span class="_ _2"/>eign enterprise with a </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">differen<span class="_ _3"/>t functional currenc<span class="_ _3"/>y than the Group’<span class="_ _2"/>s presentation curr<span class="_ _3"/>ency ar<span class="_ _3"/>e trea<span class="_ _3"/>ted as assets and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">liabilities of the foreign en<span class="_ _3"/>terprise and are tr<span class="_ _3"/>anslated and conv<span class="_ _2"/>er<span class="_ _4"/>ted at first r<span class="_ _3"/>ecognition to the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">functional currenc<span class="_ _2"/>y of the foreign enterprise at the e<span class="_ _2"/>xchange rate on the tr<span class="_ _2"/>ansaction date.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The purchase consider<span class="_ _2"/>ation of an enterprise is the fair value of the agr<span class="_ _2"/>eed payment in the form of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">assets transf<span class="_ _3"/>erred, liabilities assumed, and equity instruments issued to seller<span class="_ _24e"/>. If part of the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">considera<span class="_ _3"/>tion is contingent on future e<span class="_ _3"/>vents or fulfilment of a<span class="_ _3"/>greed conditions, this part of the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">considera<span class="_ _3"/>tion is recognised at f<span class="_ _3"/>air value a<span class="_ _3"/>t the date of acquisition. Costs a<span class="_ _3"/>ttributable to business </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">combinations ar<span class="_ _3"/>e recognised dir<span class="_ _3"/>ectl<span class="_ _3"/>y in the income statement when incurr<span class="_ _3"/>ed. If<span class="_ _2"/>, at acquisition date, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">uncertainty exist r<span class="_ _3"/>egarding the identifica<span class="_ _3"/>tion and measurement of acquir<span class="_ _2"/>ed assets, liabilities or </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">contingent liabilities, or determination of the pur<span class="_ _2"/>chase price, initial recognition and measurement is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">done based on preliminary values. The pr<span class="_ _2"/>eliminary values may be adjusted until 12 months fr<span class="_ _2"/>om the<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">acquisition date<span class="_ _3"/>, provided the initial r<span class="_ _2"/>ecognition was preliminary or incorrec<span class="_ _3"/>t. Changes in estimates </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">regar<span class="_ _2"/>ding contingent considerations are r<span class="_ _2"/>ecognised in the income statement as financial items. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Incremental a<span class="_ _3"/>cquisitions after control ha<span class="_ _2"/>ve been obtained, i.e., pur<span class="_ _3"/>chase of minority interests, ar<span class="_ _2"/>e<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">recognised dir<span class="_ _2"/>ectly in equity<span class="_ _2"/>. Disposal of minority interests not r<span class="_ _2"/>esulting in loss of control is like<span class="_ _3"/>wise </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">recognised dir<span class="_ _2"/>ectly in equity<span class="_ _2"/>. Gains or losses on disposal of subsidiaries, associates and joint ventur<span class="_ _2"/>es<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are calcula<span class="_ _3"/>ted as the difference be<span class="_ _3"/>tween the disposal consider<span class="_ _3"/>ation and the book value of ne<span class="_ _3"/>t assets </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">at the dat<span class="_ _3"/>e of disposal, including the book value of goodwill, accumula<span class="_ _3"/>ted ex<span class="_ _2"/>change gains and losses<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">pre<span class="_ _3"/>viously r<span class="_ _2"/>ecognised in the equity as well as anticipated disposal costs. Exchange r<span class="_ _2"/>ate adjustments </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">attributable t<span class="_ _3"/>o the Group’<span class="_ _2"/>s ownership interest, and which pr<span class="_ _3"/>eviousl<span class="_ _3"/>y wer<span class="_ _3"/>e recognised dir<span class="_ _3"/>ectl<span class="_ _3"/>y in equity<span class="_ _2"/>, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are included in the calcula<span class="_ _3"/>tion of the gain/ loss. Any r<span class="_ _3"/>etained participating inter<span class="_ _3"/>ests are measur<span class="_ _3"/>ed at </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">their fair value a<span class="_ _2"/>t the time at which the controlling influence w<span class="_ _3"/>as lost.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Basis of reporting</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The 2023 consolidated financial sta<span class="_ _3"/>tements and parent compan<span class="_ _3"/>y </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">financial statements of DFDS A/<span class="_ _3"/>S hav<span class="_ _3"/>e been prepar<span class="_ _3"/>ed on a going </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">concern basis and in accordance with the IFRS as a<span class="_ _3"/>dopted by the EU<span class="_ _3"/>, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and additional Danish disclosure r<span class="_ _2"/>equirements for listed companies. The </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">consolidated financial sta<span class="_ _3"/>tements are also in a<span class="_ _3"/>ccordance with IFRS as </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">issued by the Interna<span class="_ _3"/>tional Accounting Standar<span class="_ _3"/>ds Board (IASB).</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Basis of reporting</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The 2023 consolidated financial sta<span class="_ _3"/>tements and parent compan<span class="_ _3"/>y </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">financial statements of DFDS A/<span class="_ _3"/>S hav<span class="_ _3"/>e been prepar<span class="_ _3"/>ed on a going </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">concern basis and in accordance with the IFRS as a<span class="_ _3"/>dopted by the EU<span class="_ _3"/>, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and additional Danish disclosure r<span class="_ _2"/>equirements for listed companies. The </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">consolidated financial sta<span class="_ _3"/>tements are also in a<span class="_ _3"/>ccordance with IFRS as </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"><span><span style="display:inherit;clear:left;">issued by the Interna<span class="_ _3"/>tional Accounting Standar<span class="_ _3"/>ds Board (IASB).</span></span><span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">On 22 February 2024, the Boar<span class="_ _3"/>d of Directors and the Ex<span class="_ _2"/>ecutive </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Management Boar<span class="_ _3"/>d considered and appr<span class="_ _3"/>oved the 2023 Annual Report of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS A/S. The Annual Report will be present<span class="_ _3"/>ed to the shareholders of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS A/S for appr<span class="_ _2"/>oval at the or<span class="_ _3"/>dinary Annual General Meeting on 15 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"><span><span style="display:inherit;clear:left;">March 202<span class="_ _3"/>4.</span></span><span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Basis for prepara<span class="_ _2"/>tion</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The consolidated financial sta<span class="_ _3"/>tements and the Par<span class="_ _3"/>ent company financial </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">statements ar<span class="_ _2"/>e presented in Danish Kroner (DKK) which is the P<span class="_ _3"/>arent </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">company’s func<span class="_ _3"/>tional currenc<span class="_ _3"/>y<span class="_ _2"/>. The consolidated financial statements </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and the Paren<span class="_ _3"/>t company financial statements ar<span class="_ _2"/>e prepared accor<span class="_ _2"/>ding to </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the historical cost convention e<span class="_ _2"/>xcept that deriv<span class="_ _3"/>atives and financial </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">instruments classified as “Fair value thr<span class="_ _2"/>ough profit loss” (FVTPL) are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">measured a<span class="_ _3"/>t fair value<span class="_ _3"/>.<span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Rounding</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In general, r<span class="_ _2"/>ounding may cause variances in sums and percent<span class="_ _3"/>ages in </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the Annual Report.<span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Application of ma<span class="_ _3"/>teriality and rele<span class="_ _3"/>vance</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS’ Annual Report is based on the concept of materiality and r<span class="_ _3"/>elevance </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to ensure tha<span class="_ _3"/>t the content is material and r<span class="_ _2"/>elevant to the user<span class="_ _2"/>. This </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">objective is pursued b<span class="_ _3"/>y pro<span class="_ _3"/>viding relev<span class="_ _2"/>ant rather than generic descriptions </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and information. When assessing ma<span class="_ _2"/>teriality and relevance<span class="_ _3"/>, due </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">considera<span class="_ _3"/>tion is given to ensur<span class="_ _3"/>e compliance with applicable accounting </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">legislation etc. and t<span class="_ _3"/>o ensure that the consolida<span class="_ _2"/>ted financial statements </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and parent compan<span class="_ _3"/>y financial statements giv<span class="_ _3"/>e a true and fair view of the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Group’<span class="_ _2"/>s and the Parent company’<span class="_ _2"/>s financial position at the balance sheet </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">date and the oper<span class="_ _3"/>ations and cash flow<span class="_ _3"/>s for the financial year<span class="_ _2"/>.<span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The consolidated financial sta<span class="_ _3"/>tements and the parent compan<span class="_ _3"/>y financial </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">statements consist of man<span class="_ _3"/>y transactions. These tr<span class="_ _2"/>ansactions are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">aggrega<span class="_ _2"/>ted into classes according to their natur<span class="_ _2"/>e or function and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">presented in classes of similar it<span class="_ _3"/>ems in the financial statements and in </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the notes as requir<span class="_ _2"/>ed by IFRS. If items are individuall<span class="_ _2"/>y immaterial, they </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are aggr<span class="_ _2"/>egated with other items of similar natur<span class="_ _2"/>e in the statements or in </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the notes. The disclosure r<span class="_ _2"/>equirements throughout IFRS ar<span class="_ _2"/>e substantial </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and DFDS pro<span class="_ _3"/>vides these specific disclosures r<span class="_ _3"/>equired b<span class="_ _3"/>y IFRS unless the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">information is consider<span class="_ _2"/>ed immaterial to the economic decision-making of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the users of these financial statements or not r<span class="_ _2"/>elevant for the Gr<span class="_ _2"/>oup.</span> DFDS A/S A/S <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">On 22 February 2024, the Boar<span class="_ _3"/>d of Directors and the Ex<span class="_ _2"/>ecutive </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Management Boar<span class="_ _3"/>d considered and appr<span class="_ _3"/>oved the 2023 Annual Report of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS A/S. The Annual Report will be present<span class="_ _3"/>ed to the shareholders of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS A/S for appr<span class="_ _2"/>oval at the or<span class="_ _3"/>dinary Annual General Meeting on 15 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">March 202<span class="_ _3"/>4.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Basis of consolidation</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The consolidated financial sta<span class="_ _3"/>tements includes the Par<span class="_ _3"/>ent company </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS A/S and the subsidiaries in which the Par<span class="_ _2"/>ent company controls the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">financial and opera<span class="_ _3"/>tional policies. Control is obtained when the Gr<span class="_ _2"/>oup </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">directl<span class="_ _2"/>y or indirectl<span class="_ _3"/>y holds more than 50% of the v<span class="_ _3"/>oting rights in the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">enterprise (<span class="_ _4"/>i.e. subsidiary) or if it, in some other wa<span class="_ _3"/>y<span class="_ _2"/>, controls the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">enterprise. Further<span class="_ _2"/>, control also implies tha<span class="_ _2"/>t the Group is exposed, or has </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">rights, to variable r<span class="_ _2"/>eturns from its invol<span class="_ _2"/>vement with the investee and has </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the ability to affect those r<span class="_ _2"/>eturns through its power o<span class="_ _2"/>ver the investee. The </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Paren<span class="_ _3"/>t company and its subsidiaries are r<span class="_ _2"/>eferred to as the Group<span class="_ _3"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The consolidated financial sta<span class="_ _3"/>tements are based on the P<span class="_ _3"/>arent company </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and the subsidiaries and are pr<span class="_ _2"/>epared by combining items <span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of a uniform natur<span class="_ _2"/>e and eliminating intercompany tr<span class="_ _2"/>ansactions, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">shareholdings, balances, and inter<span class="_ _2"/>company gains and losses. The </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">consolidated financial sta<span class="_ _3"/>tements are pr<span class="_ _2"/>epared by appl<span class="_ _3"/>ying the Group’<span class="_ _2"/>s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">accounting policies.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Investments in subsidiaries ar<span class="_ _2"/>e eliminated against the proportionate </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">share of the subsidiaries’ net asse<span class="_ _3"/>t value at the a<span class="_ _3"/>cquisition date. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Group’<span class="_ _2"/>s investments in associates and joint v<span class="_ _3"/>entures ar<span class="_ _2"/>e recognised </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in the consolidated financial sta<span class="_ _3"/>tements at the Gr<span class="_ _3"/>oup’s pr<span class="_ _2"/>opor<span class="_ _4"/>tionate </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">share of the associa<span class="_ _3"/>te’s / join<span class="_ _3"/>t ventur<span class="_ _3"/>e’s net asse<span class="_ _3"/>t value. Unr<span class="_ _2"/>ealised<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">intercompan<span class="_ _3"/>y gains and losses from tr<span class="_ _3"/>ansactions with associat<span class="_ _3"/>es and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">joint ventur<span class="_ _3"/>es are elimina<span class="_ _3"/>ted by the Gr<span class="_ _3"/>oup’s in<span class="_ _3"/>terest in the r<span class="_ _3"/>espective </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">associate/jointl<span class="_ _2"/>y controlled enterprise.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Non-controlling interests</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In the consolidated financial sta<span class="_ _3"/>tements, the individual financial line </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">items of subsidiaries are r<span class="_ _2"/>ecognised in full. The non-<span class="_ _4"/>controlling inter<span class="_ _2"/>ests’<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">share of the r<span class="_ _2"/>esults for the year and of the equity of subsidiaries which are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">not wholl<span class="_ _3"/>y owned are incl<span class="_ _3"/>uded in the Group’<span class="_ _2"/>s results and equity<span class="_ _2"/>, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">respectiv<span class="_ _2"/>ely<span class="_ _2"/>, but are presented separ<span class="_ _2"/>ately in the pr<span class="_ _2"/>oposed profit </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">appropria<span class="_ _3"/>tion and the statement of change in equity<span class="_ _2"/>. If a non-controlling </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">interest has a put op<span class="_ _3"/>tion to sell its ownership inter<span class="_ _2"/>est to DFDS, the fair </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">value of the put option is r<span class="_ _2"/>ecognised as an interest-bearing liability <span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">which means that the r<span class="_ _3"/>esults for the year and equity a<span class="_ _2"/>ttributable to non-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">controlling inter<span class="_ _2"/>ests are not present<span class="_ _3"/>ed separat<span class="_ _3"/>ely in the pr<span class="_ _2"/>oposed profit </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">appropria<span class="_ _3"/>tion and the Statement of change in equity<span class="_ _2"/>.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Functional and presenta<span class="_ _3"/>tion currency</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Items included in the financial statemen<span class="_ _3"/>ts of each of the Group’<span class="_ _2"/>s<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">enterprises are measur<span class="_ _2"/>ed using the functional currency of the primary </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">economic environmen<span class="_ _3"/>t in which the enterprise opera<span class="_ _3"/>tes. The consolidated </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">financial statements ar<span class="_ _2"/>e presented in Danish Kroner (DKK).</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">T<span class="_ _2"/>ranslation of transactions and bal<span class="_ _3"/>ances</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">On initial recognition, for<span class="_ _2"/>eign currency tr<span class="_ _3"/>ansactions ar<span class="_ _3"/>e translat<span class="_ _3"/>ed into </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the functional currenc<span class="_ _2"/>y using the exchange r<span class="_ _3"/>ate pr<span class="_ _3"/>evailing a<span class="_ _3"/>t the date <span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of transac<span class="_ _3"/>tion. Currenc<span class="_ _3"/>y gains and losses resulting fr<span class="_ _2"/>om the settlement of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">these transac<span class="_ _3"/>tions as well as fr<span class="_ _3"/>om the translation a<span class="_ _2"/>t year-end ex<span class="_ _3"/>change </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ra<span class="_ _3"/>tes of monetary assets and liabilities denominated in f<span class="_ _3"/>oreign curr<span class="_ _3"/>encies </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are r<span class="_ _2"/>ecognised in the income statement as financial income or cost </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ex<span class="_ _2"/>cept when deferred in equity as qualifying for cash flow hedges.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Currenc<span class="_ _3"/>y gains and losses on non-monetary items recognised a<span class="_ _3"/>t fair </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">value, such as securities measur<span class="_ _2"/>ed at Fair V<span class="_ _3"/>alue Through Pr<span class="_ _2"/>ofit and<span class="_ _4"/> <span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Loss (FVTPL), are r<span class="_ _3"/>ecognised in the same line item as the fair value <span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">gain or loss.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Non-current assets acquir<span class="_ _2"/>ed in foreign currenc<span class="_ _3"/>y are tr<span class="_ _2"/>anslated at the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ex<span class="_ _2"/>change rate pre<span class="_ _2"/>vailing at the date of acquisition. Gains and losses on </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">hedges rela<span class="_ _3"/>ting to the acquisition of non-current assets ar<span class="_ _2"/>e recognised </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">as part of the value of the non-current asset a<span class="_ _3"/>t its initial recognition.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">T<span class="_ _2"/>ranslation of subsidiaries</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In the consolidated financial sta<span class="_ _3"/>tements, the Income statement it<span class="_ _3"/>ems of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">subsidiaries with a functional currenc<span class="_ _2"/>y different from DKK ar<span class="_ _2"/>e translated </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">at the av<span class="_ _2"/>erage ex<span class="_ _2"/>change rate, while the balance sheet items ar<span class="_ _2"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">transla<span class="_ _3"/>ted at the e<span class="_ _3"/>xchange r<span class="_ _3"/>ates a<span class="_ _3"/>t the end of the reporting period.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Foreign e<span class="_ _2"/>xchange differences arising on tr<span class="_ _2"/>anslation of such subsidiaries’ </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">equity at the beginning of the r<span class="_ _3"/>eporting period to the ex<span class="_ _3"/>change rat<span class="_ _3"/>es at </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the end of the reporting period and on tr<span class="_ _3"/>anslation of the Income </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">statements fr<span class="_ _2"/>om avera<span class="_ _3"/>ge ex<span class="_ _3"/>change ra<span class="_ _3"/>tes to the ex<span class="_ _2"/>change rates at the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">end of the reporting period ar<span class="_ _3"/>e recognised in other compr<span class="_ _2"/>ehensive </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">income and attributed t<span class="_ _3"/>o a separa<span class="_ _3"/>te transla<span class="_ _3"/>tion reserve under equity<span class="_ _2"/>. The </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ex<span class="_ _2"/>change rate adjustment is alloca<span class="_ _3"/>ted between the Par<span class="_ _2"/>ent company’s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and the non-controlling inter<span class="_ _3"/>ests’ share of equity<span class="_ _2"/>.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Functional and presenta<span class="_ _3"/>tion currency</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Items included in the financial statemen<span class="_ _3"/>ts of each of the Group’<span class="_ _2"/>s<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">enterprises are measur<span class="_ _2"/>ed using the functional currency of the primary </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">economic environmen<span class="_ _3"/>t in which the enterprise opera<span class="_ _3"/>tes. The consolidated </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">financial statements ar<span class="_ _2"/>e presented in Danish Kroner (DKK).</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">1.2</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> <span class="_ _4a"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">New a<span class="_ _3"/>ccounting policies and disclosures</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"><span class="_ _15c"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">New Interna<span class="_ _2"/>tional Financial Repor<span class="_ _4"/>ting Standards and Interpreta<span class="_ _2"/>tions</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Group has adop<span class="_ _3"/>ted all rele<span class="_ _3"/>vant amended accounting standar<span class="_ _2"/>ds. The changes are insignificant to </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the Group.<span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">New standards and in<span class="_ _3"/>terpretations not y<span class="_ _2"/>et adopted</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The IASB has issued a number of amended standar<span class="_ _3"/>ds and interpret<span class="_ _3"/>ations with effectiv<span class="_ _3"/>e date post 31 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Dece<span class="_ _3"/>mber <span class="_ _3"/>2023<span class="_ _2"/>, some<span class="_ _3"/> of w<span class="_ _3"/>hich <span class="_ _3"/>ha<span class="_ _3"/>ve <span class="_ _3"/>not <span class="_ _3"/>yet<span class="_ _3"/> been endorsed by the EU<span class="_ _3"/>. The new and amended standar<span class="_ _3"/>ds </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and <span class="_ _4"/>interpre<span class="_ _3"/>tations ar<span class="_ _3"/>e not mandatory for the financial r<span class="_ _3"/>eporting for 2023. <span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Group e<span class="_ _2"/>xpects to adopt the Standards and Interpr<span class="_ _2"/>etations when they become<span class="_ _4"/> man<span class="_ _4"/>dator<span class="_ _4"/>y<span class="_ _2"/>.<span class="_ _4"/> Non<span class="_ _4"/>e of<span class="_ _4"/> the<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">stand<span class="_ _4"/>ards an<span class="_ _4"/>d in<span class="_ _4"/>terp<span class="_ _4"/>retations <span class="_ _4"/>are expected to ha<span class="_ _3"/>ve a significant impact on r<span class="_ _2"/>ecognition and<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">measurement.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Special items</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">As from 2023 special items ar<span class="_ _2"/>e not presented separa<span class="_ _2"/>tely in the income statement, compar<span class="_ _2"/>ative figures </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">hav<span class="_ _3"/>e been resta<span class="_ _3"/>ted.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Reallocation of goodwill</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">During the year comparison figur<span class="_ _3"/>es for segments, divisions, and cash genera<span class="_ _2"/>ting units have been </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">resta<span class="_ _3"/>ted as part of goodwill from a prior acquisition has been r<span class="_ _2"/>eallocated from Logistics Division to Ferry </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Division. Hence the primary financial statements has not been impac<span class="_ _3"/>ted.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">IFRS 16 practical e<span class="_ _2"/>xpedient</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">From 202<span class="_ _3"/>4, DFDS will no longer apply the pr<span class="_ _2"/>actical expedient not to a<span class="_ _3"/>ccount for each lease component </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">within lease contra<span class="_ _3"/>cts separa<span class="_ _3"/>tely<span class="_ _2"/>. DFDS will instead separ<span class="_ _2"/>ate the non-lease components from the lease </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">components. In addition, DFDS has elected to no longer capitalise short<span class="_ _2"/>-term leases of ferries, but only </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">those expected t<span class="_ _3"/>o be extended. The changes ar<span class="_ _2"/>e assessed to give more r<span class="_ _3"/>elevant inf<span class="_ _3"/>ormation, and is bet<span class="_ _2"/><span class="ls0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ter aligned with market pr<span class="_ _2"/>actice. The changes are consider<span class="_ _3"/>ed a change in accounting policy and com<span class="ls0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">parable figur<span class="_ _2"/>es will be restated r<span class="_ _3"/>etrospectiv<span class="_ _2"/>ely<span class="_ _2"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS’ accounting policy has historicall<span class="_ _2"/>y been not to separat<span class="_ _3"/>e the non-lease components from the lease </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">components (<span class="_ _3"/>ex<span class="_ _3"/>cept for terminals), and instea<span class="_ _3"/>d account for the contr<span class="_ _3"/>acts in their entir<span class="_ _3"/>ety (the pra<span class="_ _3"/>ctical </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">expedient). Furthermor<span class="_ _3"/>e, short term leases (with a term below one year) f<span class="_ _3"/>or ferries hav<span class="_ _3"/>e historicall<span class="_ _3"/>y been </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">recognised on the balance sheet as a lease liability and a right<span class="_ _2"/>-<span class="_ _4"/>of-use asse<span class="_ _3"/>t that is deprecia<span class="_ _2"/>ted instead </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of expensing the lease costs dir<span class="_ _2"/>ectly in the income statement.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS’ preliminary assessment indicat<span class="_ _3"/>es that this change in policy will r<span class="_ _2"/>educe the 31 December 2023<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">right-of<span class="_ _3"/>-use assets (DKK -<span class="_ _2"/>232m), right-of<span class="_ _3"/>-use liabilities (DKK -<span class="_ _2"/>221m) and retained earnings (DKK -<span class="_ _2"/>11m). </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Deprecia<span class="_ _3"/>tion in 2023 is expected to be r<span class="_ _2"/>educed by DKK -<span class="_ _2"/>140m and operating costs to incr<span class="_ _2"/>ease by DKK </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">158m. Minor impact is e<span class="_ _3"/>xpected on inter<span class="_ _3"/>est costs, profit on disposal of non-current asse<span class="_ _3"/>ts, ex<span class="_ _3"/>change ra<span class="_ _3"/>te </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">gain/loss, prepaid costs and other pa<span class="_ _2"/>yables. As a result, EBITDA will decr<span class="_ _2"/>ease by DKK 158m, EBIT by </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DKK 18m and profit bef<span class="_ _3"/>ore tax b<span class="_ _3"/>y DKK 16m. ROIC is not e<span class="_ _2"/>xpected to be visibly impacted while le<span class="_ _2"/>verage is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">expected t<span class="_ _3"/>o increase b<span class="_ _3"/>y 0<span class="_ _2"/>.05 times.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">1.2</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> <span class="_ _4a"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">New a<span class="_ _3"/>ccounting policies and disclosures</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"><span class="_ _15c"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">New Interna<span class="_ _2"/>tional Financial Repor<span class="_ _4"/>ting Standards and Interpreta<span class="_ _2"/>tions</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Group has adop<span class="_ _3"/>ted all rele<span class="_ _3"/>vant amended accounting standar<span class="_ _2"/>ds. The changes are insignificant to </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the Group.<span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">New standards and in<span class="_ _3"/>terpretations not y<span class="_ _2"/>et adopted</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The IASB has issued a number of amended standar<span class="_ _3"/>ds and interpret<span class="_ _3"/>ations with effectiv<span class="_ _3"/>e date post 31 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Dece<span class="_ _3"/>mber <span class="_ _3"/>2023<span class="_ _2"/>, some<span class="_ _3"/> of w<span class="_ _3"/>hich <span class="_ _3"/>ha<span class="_ _3"/>ve <span class="_ _3"/>not <span class="_ _3"/>yet<span class="_ _3"/> been endorsed by the EU<span class="_ _3"/>. The new and amended standar<span class="_ _3"/>ds </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and <span class="_ _4"/>interpre<span class="_ _3"/>tations ar<span class="_ _3"/>e not mandatory for the financial r<span class="_ _3"/>eporting for 2023. <span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Group e<span class="_ _2"/>xpects to adopt the Standards and Interpr<span class="_ _2"/>etations when they become<span class="_ _4"/> man<span class="_ _4"/>dator<span class="_ _4"/>y<span class="_ _2"/>.<span class="_ _4"/> Non<span class="_ _4"/>e of<span class="_ _4"/> the<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">stand<span class="_ _4"/>ards an<span class="_ _4"/>d in<span class="_ _4"/>terp<span class="_ _4"/>retations <span class="_ _4"/>are expected to ha<span class="_ _3"/>ve a significant impact on r<span class="_ _2"/>ecognition and<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">measurement.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Special items</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">As from 2023 special items ar<span class="_ _2"/>e not presented separa<span class="_ _2"/>tely in the income statement, compar<span class="_ _2"/>ative figures </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">hav<span class="_ _3"/>e been resta<span class="_ _3"/>ted.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Reallocation of goodwill</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">During the year comparison figur<span class="_ _3"/>es for segments, divisions, and cash genera<span class="_ _2"/>ting units have been </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">resta<span class="_ _3"/>ted as part of goodwill from a prior acquisition has been r<span class="_ _2"/>eallocated from Logistics Division to Ferry </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Division. Hence the primary financial statements has not been impac<span class="_ _3"/>ted.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">IFRS 16 practical e<span class="_ _2"/>xpedient</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">From 202<span class="_ _3"/>4, DFDS will no longer apply the pr<span class="_ _2"/>actical expedient not to a<span class="_ _3"/>ccount for each lease component </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">within lease contra<span class="_ _3"/>cts separa<span class="_ _3"/>tely<span class="_ _2"/>. DFDS will instead separ<span class="_ _2"/>ate the non-lease components from the lease </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">components. In addition, DFDS has elected to no longer capitalise short<span class="_ _2"/>-term leases of ferries, but only </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">those expected t<span class="_ _3"/>o be extended. The changes ar<span class="_ _2"/>e assessed to give more r<span class="_ _3"/>elevant inf<span class="_ _3"/>ormation, and is bet<span class="_ _2"/><span class="ls0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ter aligned with market pr<span class="_ _2"/>actice. The changes are consider<span class="_ _3"/>ed a change in accounting policy and com<span class="ls0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">parable figur<span class="_ _2"/>es will be restated r<span class="_ _3"/>etrospectiv<span class="_ _2"/>ely<span class="_ _2"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS’ accounting policy has historicall<span class="_ _2"/>y been not to separat<span class="_ _3"/>e the non-lease components from the lease </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">components (<span class="_ _3"/>ex<span class="_ _3"/>cept for terminals), and instea<span class="_ _3"/>d account for the contr<span class="_ _3"/>acts in their entir<span class="_ _3"/>ety (the pra<span class="_ _3"/>ctical </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">expedient). Furthermor<span class="_ _3"/>e, short term leases (with a term below one year) f<span class="_ _3"/>or ferries hav<span class="_ _3"/>e historicall<span class="_ _3"/>y been </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">recognised on the balance sheet as a lease liability and a right<span class="_ _2"/>-<span class="_ _4"/>of-use asse<span class="_ _3"/>t that is deprecia<span class="_ _2"/>ted instead </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of expensing the lease costs dir<span class="_ _2"/>ectly in the income statement.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS’ preliminary assessment indicat<span class="_ _3"/>es that this change in policy will r<span class="_ _2"/>educe the 31 December 2023<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">right-of<span class="_ _3"/>-use assets (DKK -<span class="_ _2"/>232m), right-of<span class="_ _3"/>-use liabilities (DKK -<span class="_ _2"/>221m) and retained earnings (DKK -<span class="_ _2"/>11m). </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Deprecia<span class="_ _3"/>tion in 2023 is expected to be r<span class="_ _2"/>educed by DKK -<span class="_ _2"/>140m and operating costs to incr<span class="_ _2"/>ease by DKK </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">158m. Minor impact is e<span class="_ _3"/>xpected on inter<span class="_ _3"/>est costs, profit on disposal of non-current asse<span class="_ _3"/>ts, ex<span class="_ _3"/>change ra<span class="_ _3"/>te </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">gain/loss, prepaid costs and other pa<span class="_ _2"/>yables. As a result, EBITDA will decr<span class="_ _2"/>ease by DKK 158m, EBIT by </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DKK 18m and profit bef<span class="_ _3"/>ore tax b<span class="_ _3"/>y DKK 16m. ROIC is not e<span class="_ _2"/>xpected to be visibly impacted while le<span class="_ _2"/>verage is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">expected t<span class="_ _3"/>o increase b<span class="_ _3"/>y 0<span class="_ _2"/>.05 times.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">1.3 <span class="_ _4a"> </span>Significant accounting estima<span class="_ _3"/>tes and judgements</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Significant estimates and judgements</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In the prepar<span class="_ _2"/>ation of the consolidated financial statements, Mana<span class="_ _3"/>gement undertakes sev<span class="_ _3"/>eral accoun<span class="_ _3"/>ting </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">estimates and judgements and mak<span class="_ _3"/>es assumptions which pro<span class="_ _3"/>vide the basis for r<span class="_ _3"/>ecognition and measurement of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the assets, liabilities, re<span class="_ _2"/>venues and expenses of the Group and the P<span class="_ _3"/>arent company<span class="_ _2"/>. These assumptions ar<span class="_ _3"/>e based </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">on historical experience and other f<span class="_ _3"/>actors such as the curr<span class="_ _3"/>ent state of the w<span class="_ _2"/>orld economy and climate-related </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">matters which ar<span class="_ _2"/>e, by their natur<span class="_ _3"/>e, uncertain and unpredictable<span class="_ _3"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The assumptions may be incomplet<span class="_ _3"/>e or inaccura<span class="_ _3"/>te and unanticipated e<span class="_ _3"/>vents or cir<span class="_ _3"/>cumstances may occur<span class="_ _2"/>, for which </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">reason the ac<span class="_ _3"/>tual results ma<span class="_ _2"/>y deviate from the applied estima<span class="_ _3"/>tes and judgements. In the opinion of Management, the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">following a<span class="_ _3"/>ccounting estimates and judgements ar<span class="_ _3"/>e significant in the prepar<span class="_ _2"/>ation of the Annual Report:</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:154.126953125px;"><span style="position: absolute; display: inline-block; left: 0px; top: 0.0078125px; width: 504.234px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 23.0801px; display: inline-block;">Note</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.996px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 55.834px; display: inline-block;">Key accoun</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 146.479px; display: inline-block;">ting estimates and judgements</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 85.8926px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 105.34px; display: inline-block;">Estimate / Judgement</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 8.46679px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 24.4277px; display: inline-block;">Impa</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 9.64453px; display: inline-block;">ct</span></span><span style="position: absolute; display: inline-block; left: 3.60938px; top: 24.3223px; width: 398.672px; white-space: pre; word-spacing: 0.43875px; letter-spacing: -0.43875px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.43164px; display: inline-block;">2</span><span style="word-spacing: 0.43875px; letter-spacing: -0.43875px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 8.17383px; display: inline-block;">.6</span><span style="word-spacing: 0.43875px; letter-spacing: -0.43875px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 47.0449px; display: inline-block;">Deferred t</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 44.6309px; display: inline-block;">ax assets</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 196.236px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 41.7832px; display: inline-block;">Estimate</span></span></span><span style="position: absolute; display: inline-block; left: 3.60938px; top: 50.5879px; width: 489.938px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 22.8984px; display: inline-block;">3.1.2</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.4179px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 141.387px; display: inline-block;">Assessment of useful life and r</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 67.1602px; display: inline-block;">esidual values</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 79.3534px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 41.7832px; display: inline-block;">Estimate</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 79.3534px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 7.49415px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 3.60938px; top: 76.8535px; width: 489.533px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 17.0273px; display: inline-block;">3.1.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 6.07031px; display: inline-block;">3</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.9042px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 112.389px; display: inline-block;">Lease extension options</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 175.523px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 99.2754px; display: inline-block;">Estimate/Judgement</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 21.1641px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 7.49415px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 74.4062px; top: 103.119px; width: 257.32px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.49588px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 257.596px; display: inline-block;">Impairment testing of goodwill and non-current assets, </span></span><span style="position: absolute; display: inline-block; left: 3.60938px; top: 109.869px; width: 22.1719px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 17.0273px; display: inline-block;">3.1.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 6.01172px; display: inline-block;">4</span></span><span style="position: absolute; display: inline-block; left: 361.406px; top: 109.885px; width: 99.2754px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 99.2754px; display: inline-block;">Estimate/Judgement</span></span><span style="position: absolute; display: inline-block; left: 74.4062px; top: 116.635px; width: 86.373px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 81.8438px; display: inline-block;">definition of CGU’</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 4.99219px; display: inline-block;">s</span></span><span style="position: absolute; display: inline-block; left: 3.60938px; top: 142.885px; width: 398.924px; white-space: pre; word-spacing: 0.43875px; letter-spacing: -0.43875px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 13.4355px; display: inline-block;">5.5</span><span style="word-spacing: 0.43875px; letter-spacing: -0.43875px; display: inline-block; margin-left: 0px; width: 55.7051px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 214.816px; display: inline-block;">Purchase price allocation in connection with a</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 50.0508px; display: inline-block;">cquisitions</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 23.4727px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 41.7832px; display: inline-block;">Estimate</span></span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Lev<span class="_ _3"/>el or potential impact to the consolida<span class="_ _3"/>ted financial statements:</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> <span class="_ _9e"> </span> <span class="_ _21f"> </span><span class="ls29 ws48"> Low</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> <span class="_ _9e"> </span> <span class="_ _21f"> </span> Medium</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> <span class="_ _9e"> </span> <span class="_ _21f"> </span> High</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Descriptions of the significant accounting estima<span class="_ _3"/>tes and judgements are included in the no<span class="_ _3"/>tes to which they r<span class="_ _3"/>elate.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Significant accounting estimates<span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Deferred t<span class="_ _3"/>ax assets, including the tax value of t<span class="_ _3"/>ax losses carried forwar<span class="_ _3"/>d, are r<span class="_ _3"/>ecognised to the extent </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">that Management assesses tha<span class="_ _3"/>t the tax asset can be utilised through positiv<span class="_ _2"/>e taxable income in the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">foreseeable futur<span class="_ _2"/>e which usually is within 3-5 years. Judgement is perf<span class="_ _3"/>ormed annually based on </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">forecasts, business initia<span class="_ _2"/>tives and likel<span class="_ _3"/>y structural changes for the coming y<span class="_ _2"/>ears.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Significant accounting estimates and judgements <span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Extension options</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Group has enter<span class="_ _2"/>ed into lease agreements for f<span class="_ _3"/>erries with extension options. Mana<span class="_ _3"/>gement ex<span class="_ _3"/>ercises </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">significant judgement in determining whether these e<span class="_ _2"/>xtension options are reasonabl<span class="_ _2"/>y cer<span class="_ _4"/>tain to be </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ex<span class="_ _2"/>ercised and, in that connection, considers all r<span class="_ _3"/>elevant f<span class="_ _3"/>actors that cr<span class="_ _2"/>eate an economic and strat<span class="_ _3"/>egic </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">incentive for it to e<span class="_ _2"/>xercise the e<span class="_ _2"/>xtension option.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Management has also consider<span class="_ _3"/>ed the impact of decarbonisation and clima<span class="_ _3"/>te-related risk<span class="_ _3"/>s on assessing </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the likelihood of e<span class="_ _3"/>xtending lease agr<span class="_ _3"/>eements. Such risks include ne<span class="_ _3"/>w climate-rela<span class="_ _3"/>ted legislation </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">restricting the use of certain assets and ne<span class="_ _2"/>w technology demanded by climate-related legisla<span class="_ _2"/>tion.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Lessor (lease out)</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Group has enter<span class="_ _2"/>ed into operating lease agr<span class="_ _2"/>eements for ferries under usual terms and conditions for </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">such agreemen<span class="_ _3"/>ts. At inception of ea<span class="_ _3"/>ch individual agreement, Managemen<span class="_ _3"/>t assesses and determines </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">whether the agr<span class="_ _3"/>eement is a finance or an opera<span class="_ _3"/>ting leasing agreement.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Significant accounting estimates and judgements <span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Climate rel<span class="_ _3"/>ated ma<span class="_ _3"/>tters</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Management continuousl<span class="_ _2"/>y monitors climate related risk<span class="_ _2"/>s when measuring the recover<span class="_ _2"/>able amount.<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">While DFDS' opera<span class="_ _3"/>tions are not curr<span class="_ _2"/>ently exposed to significant ph<span class="_ _3"/>ysical risk, the value-in-use may be </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">impacted b<span class="_ _3"/>y transition risk, such as legislation, r<span class="_ _2"/>egulations, and changes in demand for the Group's </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">services. Although no single climate r<span class="_ _3"/>elated assumption is a k<span class="_ _2"/>ey assumption for this year's impairment </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">test, expecta<span class="_ _2"/>tions for the following years ha<span class="_ _3"/>ve been incorpor<span class="_ _3"/>ated into pr<span class="_ _3"/>ojected cash flow<span class="_ _3"/>s: increased </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">opera<span class="_ _3"/>ting costs for e-trucks, in<span class="_ _3"/>vestments to impr<span class="_ _3"/>ove fuel efficienc<span class="_ _2"/>y and conversion to green fuels.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Determination of cash-genera<span class="_ _3"/>ting units </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Judgement and estimates ar<span class="_ _2"/>e applied in the determination of cash generating units t<span class="_ _3"/>o which goodwill </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">is allocated for impairment t<span class="_ _3"/>esting as well as in the selection of methodologies and assumptions </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">applied in impairment tests. The determination of cash-gener<span class="_ _3"/>ating units differs based on the business </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">area. Most of the freight f<span class="_ _3"/>erries in North Sea, Baltic Sea and Mediterranean ar<span class="_ _3"/>e interchangeable with </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">each other and wher<span class="_ _3"/>e and how the fleet of ferries is deplo<span class="_ _3"/>yed is centr<span class="_ _3"/>ally decided. Consequen<span class="_ _3"/>tly<span class="_ _24e"/>, these<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">areas ar<span class="_ _2"/>e tested for impairment as a single cash-generating unit. Conversel<span class="_ _2"/>y<span class="_ _3"/>, the vessels servicing the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">English Channel, Oslo-Frederiksha<span class="_ _3"/>vn-Copenhagen and Amsterdam-Ne<span class="_ _2"/>wcastle routes can be used </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ex<span class="_ _2"/>clusively in each specific itiner<span class="_ _2"/>ar<span class="_ _4"/>y<span class="_ _2"/>. Consequently<span class="_ _2"/>, these areas ar<span class="_ _3"/>e individually test<span class="_ _3"/>ed for impairment </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">as a separa<span class="_ _3"/>te cash-generating units. Managemen<span class="_ _3"/>t views the logistics business ar<span class="_ _3"/>eas as two cash </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">genera<span class="_ _3"/>ting units based on services provided and equipment used being specific to ea<span class="_ _3"/>ch business</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">area: Cold and Dry<span class="_ _2"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Significant accounting estimates <span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In applying the a<span class="_ _3"/>cquisition method of accounting, estimat<span class="_ _3"/>es are an integr<span class="_ _2"/>ated part of assessing fair </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">values of se<span class="_ _3"/>ver<span class="_ _3"/>al identifiable assets acquired and liabilities assumed, as observ<span class="_ _3"/>able market prices ar<span class="_ _3"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">typically no<span class="_ _3"/>t available<span class="_ _3"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">V<span class="_ _3"/>aluation techniques wher<span class="_ _3"/>e estimates ar<span class="_ _2"/>e applied typically rela<span class="_ _3"/>te to determining the pr<span class="_ _3"/>esent value of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">future uncertain cash flow<span class="_ _3"/>s or assessing other ev<span class="_ _3"/>ents in which the outcome is uncertain at the date of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">acquisition. Significant estimates ar<span class="_ _2"/>e typically applied in accounting for pr<span class="_ _2"/>oper<span class="_ _4"/>ty<span class="_ _2"/>, plant and equipment </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and customer rela<span class="_ _3"/>tionships. As a result o<span class="_ _3"/>f the uncertainties in fair value estima<span class="_ _3"/>tion, measurement </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">period adjustments may be applied.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Special items</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">As from 2023 special items ar<span class="_ _2"/>e not presented separa<span class="_ _2"/>tely in the income statement, compar<span class="_ _2"/>ative figures </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">hav<span class="_ _3"/>e been resta<span class="_ _3"/>ted.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Reallocation of goodwill</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">During the year comparison figur<span class="_ _3"/>es for segments, divisions, and cash genera<span class="_ _2"/>ting units have been </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">resta<span class="_ _3"/>ted as part of goodwill from a prior acquisition has been r<span class="_ _2"/>eallocated from Logistics Division to Ferry </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Division. Hence the primary financial statements has not been impac<span class="_ _3"/>ted.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2.1 <span class="_ _3c"> </span>Segment informa<span class="_ _2"/>tion</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The segments together with allocation of oper<span class="_ _2"/>ating profit, assets and liabilities etc. ar<span class="_ _2"/>e identical with the internal </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">reporting structur<span class="_ _3"/>e of the Group. Mana<span class="_ _3"/>gement has defined the Groups’ business segments based on the r<span class="_ _2"/>epor<span class="_ _4"/>ting </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">regularl<span class="_ _2"/>y presented to the Group Ex<span class="_ _2"/>ecutive Management, which also forms the basis for management decisions. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Segment performance is ev<span class="_ _3"/>aluated b<span class="_ _3"/>y management based on EBITDA and EBIT<span class="_ _26"/>. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The costs of the segments are the dir<span class="_ _2"/>ectly recor<span class="_ _2"/>ded costs including systematicall<span class="_ _2"/>y allocated indirect costs, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">primarily concerning Gr<span class="_ _2"/>oup functions. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Non-allocated costs reflect the gener<span class="_ _2"/>al functions which cannot reasonabl<span class="_ _3"/>y be allocated to the segments. The </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">costs consist primarily of costs concerning the Gr<span class="_ _2"/>oup Executive Management and Boar<span class="_ _2"/>d of Directors but also </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Group functions such as tr<span class="_ _2"/>easur<span class="_ _4"/>y<span class="_ _2"/>, investor rela<span class="_ _2"/>tions, legal, procurement, communication, finance as w<span class="_ _3"/>ell as certain </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Group pr<span class="_ _2"/>ojects. In addition, the elimination of transac<span class="_ _3"/>tions between segments is included. T<span class="_ _2"/>r<span class="_ _2"/>ansactions between </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">segments are concluded a<span class="_ _2"/>t arm’s length terms.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Segment assets include assets which ar<span class="_ _3"/>e directl<span class="_ _2"/>y related to the segment such as non-curr<span class="_ _3"/>ent intangibles, non-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">current tangibles, o<span class="_ _3"/>ther non-current and right<span class="_ _3"/>-of-use assets, inv<span class="_ _3"/>entories, receiv<span class="_ _3"/>ables, prepa<span class="_ _3"/>yments, and cash. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Segment liabilities include current and non-curr<span class="_ _3"/>ent liabilities.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Ferry Division opera<span class="_ _3"/>tes ferry routes in and ar<span class="_ _2"/>ound Europe transporting freight units, mainl<span class="_ _2"/>y trailers, and passengers.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The routes deplo<span class="_ _3"/>y a mix of freight f<span class="_ _3"/>erries, freight and passenger ferries as w<span class="_ _2"/>ell as passenger cruise ferries. In </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">addition, port terminals are o<span class="_ _3"/>wned and/<span class="_ _2"/>or operated a<span class="_ _3"/>t strat<span class="_ _3"/>egic hubs of the route netw<span class="_ _2"/>ork. The freight customers </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are mainl<span class="_ _2"/>y forwarders and hauliers as w<span class="_ _3"/>ell as manufactur<span class="_ _3"/>ers of heavy industrial goods. The main passenger </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">customer <span class="_ _4"/>groups ar<span class="_ _2"/>e passengers travelling with o<span class="_ _3"/>wn cars, mini cruise passengers, tour opera<span class="_ _3"/>tors, and business </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">confer<span class="_ _3"/>ences.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Logistics Division pro<span class="_ _3"/>vides transport solutions for full<span class="_ _3"/>- and part loads as well as contr<span class="_ _3"/>act logistics solutions, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">including war<span class="_ _3"/>ehousing and transport of fr<span class="_ _3"/>ozen meat and fish (<span class="_ _2"/>Cold Chain). The customers are primarily </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">manufactur<span class="_ _2"/>ers of industrial goods and consumables as well as retailers.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:309.048828125px;"><span style="position: absolute; display: inline-block; left: 494.328px; top: 0.0078125px; width: 24.8379px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 24.8379px; display: inline-block;">2023</span></span><span style="position: absolute; display: inline-block; left: 290.844px; top: 19.8984px; width: 26.5254px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 26.5547px; display: inline-block;">Ferry </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 340.234px; top: 19.8984px; width: 44.2969px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 44.3262px; display: inline-block;">Logistics </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 428.625px; top: 19.8984px; width: 25.0312px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 25.0605px; display: inline-block;">Non- </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 33.3691px; width: 52.6699px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 52.6699px; display: inline-block;">DKK million</span></span><span style="position: absolute; display: inline-block; left: 277.391px; top: 33.3984px; width: 37.3535px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 37.3535px; display: inline-block;">Division</span></span><span style="position: absolute; display: inline-block; left: 345.453px; top: 33.3984px; width: 37.3535px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 37.3535px; display: inline-block;">Division</span></span><span style="position: absolute; display: inline-block; left: 405.359px; top: 33.3984px; width: 114.012px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 46.5703px; display: inline-block;">allocated</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.9784px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.2891px; display: inline-block;">otal</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 55.3848px; width: 519.615px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 50.6133px; display: inline-block;">External re</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 28.1309px; display: inline-block;">venue</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 206.859px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 11.0977px; display: inline-block;">15</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.7637px; display: inline-block;">,271</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.8946px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 32.373px; display: inline-block;">12,008</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.7051px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 11.8008px; display: inline-block;">25</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.0664px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 11.7012px; display: inline-block;">27</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.62px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 21.1523px; display: inline-block;">,304</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 70.6035px; width: 519.838px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 22.0078px; display: inline-block;">Intra</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 33.375px; display: inline-block;">group r</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 33.873px; display: inline-block;">evenue</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 201.293px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 25.6758px; display: inline-block;">1,222</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.7051px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.1523px; display: inline-block;">88</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.4727px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.32175px; letter-spacing: -0.32175px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 11.373px; display: inline-block;">70</span><span style="word-spacing: 0.32175px; letter-spacing: -0.32175px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.68945px; display: inline-block;">4</span><span style="word-spacing: 0.32175px; letter-spacing: -0.32175px; display: inline-block; margin-left: 0px; width: 42.5741px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 26.1797px; display: inline-block;">2,013</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 91.3379px; width: 519.562px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 40.5645px; display: inline-block;">Revenue</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 243.328px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 11.3203px; display: inline-block;">16</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 21.1406px; display: inline-block;">,493</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.8946px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 32.4434px; display: inline-block;">12,096</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.0332px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.195px; letter-spacing: -0.195px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 17.291px; display: inline-block;">729</span><span style="word-spacing: 0.195px; letter-spacing: -0.195px; display: inline-block; margin-left: 0px; width: 38.133px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 12.0469px; display: inline-block;">29</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 14.1328px; display: inline-block;">,31</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.83594px; display: inline-block;">7</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 109.963px; width: 519.896px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 29.584px; display: inline-block;">Opera</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 89.3496px; display: inline-block;">ting costs, external</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 161.982px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 17.6777px; display: inline-block;">-12,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.1172px; display: inline-block;">054</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.133px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 9.91992px; display: inline-block;">-9</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 21.1582px; display: inline-block;">,408</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.6154px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 22.0781px; display: inline-block;">-808</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 32.6719px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 24.252px; display: inline-block;">-22,2</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 12.0176px; display: inline-block;">70</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 125.182px; width: 519.779px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 22.0078px; display: inline-block;">Intra</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 51.1699px; display: inline-block;">group oper</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 51.8027px; display: inline-block;">ating costs</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 170.525px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 20.9062px; display: inline-block;">-531</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.873px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 3.74414px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 25.166px; display: inline-block;">1,415</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.0136px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 15.7324px; display: inline-block;">-67</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.1699px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 3.74414px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 26.1797px; display: inline-block;">2,013</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 147.227px; width: 196.002px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 60.3867px; display: inline-block;">Operating pr</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 93.6797px; display: inline-block;">ofit before deprecia</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 42.8613px; display: inline-block;">tion and </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 160.727px; width: 519.264px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 95.3789px; display: inline-block;">amortisation (EBITD</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 12.7734px; display: inline-block;">A) </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 180.316px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.26325px; letter-spacing: -0.26325px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 14.8594px; display: inline-block;">3,9</span><span style="word-spacing: 0.26325px; letter-spacing: -0.26325px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 11.8887px; display: inline-block;">07</span><span style="word-spacing: 0.26325px; letter-spacing: -0.26325px; display: inline-block; margin-left: 0px; width: 41.5489px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span></span><span style="width: 26.9004px; display: inline-block;">1,273</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.4179px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.45825px; letter-spacing: -0.45825px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 8.32031px; display: inline-block;">-1</span><span style="word-spacing: 0.45825px; letter-spacing: -0.45825px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.86523px; display: inline-block;">4</span><span style="word-spacing: 0.45825px; letter-spacing: -0.45825px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.91211px; display: inline-block;">6</span><span style="word-spacing: 0.45825px; letter-spacing: -0.45825px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span></span><span style="width: 9.08789px; display: inline-block;">5,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.0078px; display: inline-block;">034</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 182.742px; width: 519.949px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 60.3867px; display: inline-block;">Operating pr</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 139.33px; display: inline-block;">ofit before amortisation (EBIT</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 10.7168px; display: inline-block;">A)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 79.8165px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 26.4082px; display: inline-block;">2,131</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.3125px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 18.8672px; display: inline-block;">560</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.9042px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.45825px; letter-spacing: -0.45825px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 8.32031px; display: inline-block;">-1</span><span style="word-spacing: 0.45825px; letter-spacing: -0.45825px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.85352px; display: inline-block;">8</span><span style="word-spacing: 0.45825px; letter-spacing: -0.45825px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.57227px; display: inline-block;">7</span><span style="word-spacing: 0.45825px; letter-spacing: -0.45825px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span></span><span style="width: 27.8672px; display: inline-block;">2,504</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 202.633px; width: 366.246px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 60.3867px; display: inline-block;">Operating pr</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 46.2891px; display: inline-block;">ofit (EBIT)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 181.658px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 9.05273px; display: inline-block;">2,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.084px; display: inline-block;">094</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.1054px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="position: absolute; display: inline-block; left: 366.246px; top: 202.633px; width: 125.648px; white-space: pre; word-spacing: 0.65325px; letter-spacing: -0.65325px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 16.7051px; display: inline-block;">474</span><span style="word-spacing: 0.65325px; letter-spacing: -0.65325px; display: inline-block; margin-left: 0px; width: 46.9042px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span><span style="word-spacing: 0.51675px; letter-spacing: -0.51675px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 8.74805px; display: inline-block;">-2</span><span style="word-spacing: 0.51675px; letter-spacing: -0.51675px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.80664px; display: inline-block;">4</span><span style="word-spacing: 0.51675px; letter-spacing: -0.51675px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.56055px; display: inline-block;">2</span><span style="word-spacing: 0.51675px; letter-spacing: -0.51675px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span></span></span><span style="position: absolute; display: inline-block; left: 491.895px; top: 202.633px; width: 27.791px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 27.791px; display: inline-block;">2,326</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 224.648px; width: 519.504px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 77.4961px; display: inline-block;">Profit before tax</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 415.406px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.50781px; display: inline-block;">1,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.5566px; display: inline-block;">652</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 245.383px; width: 519.902px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 82.9746px; display: inline-block;">Profit for the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 409.811px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 27.1172px; display: inline-block;">1,505</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 267.369px; width: 519.609px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 87.5391px; display: inline-block;">Capital expenditur</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 62.6484px; display: inline-block;">es of the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 140.473px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 25.4824px; display: inline-block;">1,189</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 26.4668px; display: inline-block;">1,630</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.7051px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.10725px; letter-spacing: -0.10725px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 11.6953px; display: inline-block;">87</span><span style="word-spacing: 0.10725px; letter-spacing: -0.10725px; display: inline-block; margin-left: 0px; width: 41.5489px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 8.76562px; display: inline-block;">2,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.5098px; display: inline-block;">906</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 282.588px; width: 519.838px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.95898px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 51.7266px; display: inline-block;">otal assets</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 226.471px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 14.7715px; display: inline-block;">24,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.0703px; display: inline-block;">358</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.5741px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.17578px; display: inline-block;">9</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.0859px; display: inline-block;">,216</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.5489px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 26.2793px; display: inline-block;">1,299</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.8946px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 21.041px; display: inline-block;">34,8</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 11.9004px; display: inline-block;">73</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 297.807px; width: 519.779px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 44.4316px; display: inline-block;">Liabilities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 240.287px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 31.0371px; display: inline-block;">12,312</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.77025px; letter-spacing: -0.77025px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.29688px; display: inline-block;">3</span><span style="word-spacing: 0.77025px; letter-spacing: -0.77025px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 2.12695px; display: inline-block;">,</span><span style="word-spacing: 0.77025px; letter-spacing: -0.77025px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.10352px; display: inline-block;">2</span><span style="word-spacing: 0.77025px; letter-spacing: -0.77025px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 10.3008px; display: inline-block;">74</span><span style="word-spacing: 0.77025px; letter-spacing: -0.77025px; display: inline-block; margin-left: 0px; width: 42.5741px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 5.92969px; display: inline-block;">5</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 21.2871px; display: inline-block;">,369</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.8946px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.0527px; display: inline-block;">20</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.9238px; display: inline-block;">,955</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2022</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Ferry <span class="_ _2b"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Logistics <span class="_ _2b"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Non- <span class="_ _2b"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DKK million</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Division</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Division</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">allocated<span class="_ _e3"> </span>T<span class="_ _2"/>otal</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">External re<span class="_ _3"/>venue<span class="_ _17b"> </span> 15,<span class="_ _2"/>503 <span class="_ _16b"> </span> 11,352 <span class="_ _106"> </span><span class="ls60 ws4e"> 18 <span class="_ _72"> </span></span>26,<span class="_ _2"/>873 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Intra<span class="_ _3"/>group r<span class="_ _3"/>evenue<span class="_ _74"> </span>1,329<span class="_ _18f"> </span> 71 <span class="_ _e3"> </span> 606 <span class="_ _56"> </span> 2,006 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Revenue<span class="_ _1e3"> </span> 16<span class="_ _3"/>,831 <span class="_ _58"> </span> 11,423 <span class="_ _b2"> </span> 624 <span class="_ _57"> </span><span class="ls24 ws27">2<span class="_ _4"/>8,87<span class="_ _4"/>9<span class="_ _4"/> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Opera<span class="_ _3"/>ting costs, external<span class="_ _cb"> </span>-<span class="_ _3"/>12,353 <span class="_ _57"> </span> -8<span class="_ _3"/>,88<span class="_ _3"/>7 <span class="_ _ab"> </span> -660 <span class="_ _5b"> </span>-<span class="_ _2"/>21,<span class="_ _3"/>899 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Intra<span class="_ _3"/>group oper<span class="_ _3"/>ating costs<span class="_ _153"> </span> -494 <span class="_ _72"> </span> -1,<span class="_ _2"/>4<span class="_ _3"/>71 <span class="_ _106"> </span>-40 <span class="_ _57"> </span> -<span class="_ _3"/>2,<span class="_ _3"/>005 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Operating pr<span class="_ _3"/>ofit before deprecia<span class="_ _3"/>tion (EBITDA) <span class="_ _15e"> </span>3<span class="_ _2"/>,984 <span class="_ _c8"> </span>1,066 <span class="_ _ed"> </span><span class="ls9e wsc4">-7<span class="_ _4d"/>6<span class="_ _4c"> </span> <span class="_ _c8"> </span></span>4,97<span class="_ _2"/>4 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Operating pr<span class="_ _3"/>ofit before amortisation (EBIT<span class="_ _2"/>A)<span class="_ _160"> </span>2,194 <span class="_ _e3"> </span> 526 <span class="_ _bc"> </span> -11<span class="_ _2"/>7 <span class="_ _92"> </span>2,603 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Operating pr<span class="_ _3"/>ofit (EBIT)<span class="_ _222"> </span>2,156 <span class="_ _8f"> </span><span class="ls5e ws4c"> 474<span class="_ _4d"/> <span class="_ _ab"> </span></span> -1<span class="_ _3"/>61 <span class="_ _92"> </span>2,468 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Profit before tax<span class="_ _181"> </span> <span class="_ _10c"> </span> <span class="_ _146"> </span> <span class="_ _bb"> </span>2,139 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Profit for the year<span class="_ _22c"> </span> <span class="_ _10c"> </span> <span class="_ _146"> </span> <span class="_ _e3"> </span>2,019 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Capital expenditur<span class="_ _2"/>es of the year<span class="_ _22d"> </span> 2,<span class="_ _3"/>064 <span class="_ _bb"> </span> 966 <span class="_ _106"> </span>131 <span class="_ _6d"> </span>3,1<span class="_ _3"/>62 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Investments in associa<span class="_ _3"/>tes and joint ventur<span class="_ _2"/>es<span class="_ _171"> </span>8 <span class="_ _14d"> </span>3 <span class="_ _14d"> </span>0 <span class="_ _ed"> </span> 11 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">1</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">1</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">T<span class="_ _2"/>otal assets<span class="_ _21a"> </span> 25,<span class="_ _2"/>415 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> 6<span class="_ _3"/>,<span class="_ _3"/>966 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">1,<span class="_ _2"/>7<span class="_ _3"/>03 <span class="_ _16b"> </span>34,<span class="_ _3"/>084 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Liabilities<span class="_ _22e"> </span> 12,234 <span class="_ _ac"> </span>3,12<span class="_ _3"/>7 <span class="_ _184"> </span> 5,<span class="_ _2"/>588 <span class="_ _57"> </span>20,<span class="_ _2"/>949 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Geographical break<span class="_ _2"/>down</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Group does not ha<span class="_ _2"/>ve a natural geogr<span class="_ _2"/>aphic split on countries since the Group is based on a connected route </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">network in primaril<span class="_ _2"/>y Nor<span class="_ _4"/>thern Europe and the Mediterr<span class="_ _2"/>anean. The routes support each other with sales and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">customer services located in one country whereas the a<span class="_ _3"/>ctual re<span class="_ _3"/>venue is cr<span class="_ _3"/>eated in other countries. Consequentl<span class="_ _2"/>y<span class="_ _3"/>, it </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">is not possible to presen<span class="_ _3"/>t a meaningful split of rev<span class="_ _2"/>enues and non-<span class="_ _4"/>current assets b<span class="_ _3"/>y country<span class="_ _2"/>.<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The split is therefor<span class="_ _2"/>e presented by the sea and geogr<span class="_ _2"/>aphical areas in which DFDS operates. The geogr<span class="_ _2"/>aphical split </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of re<span class="_ _3"/>venue is shown in the r<span class="_ _2"/>evenue note. Ref<span class="_ _3"/>erence is made to no<span class="_ _3"/>te 2.2.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The applied split results in se<span class="_ _2"/>ven geographical areas: North Sea, Mediterranean, Bal<span class="_ _3"/>tic Sea, English Channel, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Continent, Nordic and UK/Ir<span class="_ _2"/>eland. As a consequence of the Group’s business model, the r<span class="_ _2"/>outes do not directl<span class="_ _3"/>y own </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the ferries, but charter the ferries fr<span class="_ _3"/>om a Group internal v<span class="_ _3"/>essel pool. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The ferries are fr<span class="_ _2"/>equently mov<span class="_ _3"/>ed within the Group’<span class="_ _2"/>s routes. Furthermore, certain non-current assets such as IT<span class="_ _26"/>-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">softwar<span class="_ _3"/>e and headquarter owned corpor<span class="_ _3"/>ate assets ar<span class="_ _3"/>e for the benefit for the entir<span class="_ _2"/>e Group. It is therefor<span class="_ _2"/>e not </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">possible to meaningfull<span class="_ _3"/>y estimate the e<span class="_ _3"/>xact v<span class="_ _2"/>alue of the non-<span class="_ _4"/>current assets per geogr<span class="_ _2"/>aphical area. Instead, an </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">allocation has been used. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:95.751953125px;"><span style="position: absolute; display: inline-block; left: 122.406px; top: 0.0078125px; width: 28.9922px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 29.0215px; display: inline-block;">North </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 163.391px; top: 0.0078125px; width: 40.1719px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 40.1719px; display: inline-block;">Mediter-</span></span><span style="position: absolute; display: inline-block; left: 227.688px; top: 0.0078125px; width: 30.0234px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 30.4512px; display: inline-block;">Baltic </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.49588px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 275.016px; top: 0.0078125px; width: 36.3691px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 36.3691px; display: inline-block;">English </span></span><span style="position: absolute; display: inline-block; left: 448.438px; top: 0.0078125px; width: 20.4961px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 20.5254px; display: inline-block;">UK/ </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 13.4785px; width: 52.6699px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 52.6699px; display: inline-block;">DKK million</span></span><span style="position: absolute; display: inline-block; left: 130.859px; top: 13.5078px; width: 18.4219px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 18.4219px; display: inline-block;">Sea</span></span><span style="position: absolute; display: inline-block; left: 169.188px; top: 13.5078px; width: 34.2715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 34.2715px; display: inline-block;">ranean</span></span><span style="position: absolute; display: inline-block; left: 238.094px; top: 13.5078px; width: 18.4219px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 18.4219px; display: inline-block;">Sea</span></span><span style="position: absolute; display: inline-block; left: 267.875px; top: 13.5078px; width: 145.904px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 40.3184px; display: inline-block;">Channel</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 5.56642px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 46.998px; display: inline-block;">Continent</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 21.1641px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 31.8574px; display: inline-block;">Nordic</span></span><span style="position: absolute; display: inline-block; left: 433.469px; top: 13.5078px; width: 86.6309px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 33.9844px; display: inline-block;">Ireland</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1836px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.2891px; display: inline-block;">otal</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 35.5234px; width: 24.8379px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 24.8379px; display: inline-block;">2023</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 48.9941px; width: 520.324px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 89.7246px; display: inline-block;">Non-current assets</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.8946px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.41925px; letter-spacing: -0.41925px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 19.0547px; display: inline-block;">8,57</span><span style="word-spacing: 0.41925px; letter-spacing: -0.41925px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 4.75195px; display: inline-block;">1</span><span style="word-spacing: 0.41925px; letter-spacing: -0.41925px; display: inline-block; margin-left: 0px; width: 28.5645px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="word-spacing: 0.96525px; letter-spacing: -0.96525px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.10938px; display: inline-block;">8</span><span style="word-spacing: 0.96525px; letter-spacing: -0.96525px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 11.8418px; display: inline-block;">,74</span><span style="word-spacing: 0.96525px; letter-spacing: -0.96525px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.10938px; display: inline-block;">8</span><span style="word-spacing: 0.96525px; letter-spacing: -0.96525px; display: inline-block; margin-left: 0px; width: 27.2109px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span></span><span style="width: 8.76562px; display: inline-block;">2,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.3105px; display: inline-block;">664</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 27.2109px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 25.8281px; display: inline-block;">2,371</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 26.4961px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 20.8359px; display: inline-block;">2,43</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.83594px; display: inline-block;">7</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 27.2109px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.06836px; display: inline-block;">1,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.2051px; display: inline-block;">833</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 26.4961px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 26.8184px; display: inline-block;">2,294</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 19.7285px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 15.3574px; display: inline-block;">28,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.2168px; display: inline-block;">918</span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 71.0391px; width: 24.6094px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 24.6094px; display: inline-block;">2022</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 84.5098px; width: 522.686px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 89.7246px; display: inline-block;">Non-current assets</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 32.291px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 9,1</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 13.2129px; display: inline-block;">71 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 19.7285px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 8,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.2617px; display: inline-block;">924 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 19.7285px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 2,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.5547px; display: inline-block;">604 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 21.1641px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 2,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 6.01172px; display: inline-block;">4</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 14.1094px; display: inline-block;">73 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 23.8828px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 26.7949px; display: inline-block;">2,264</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1836px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.06836px; display: inline-block;">1,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.4062px; display: inline-block;">612 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 22.998px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 1,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.5781px; display: inline-block;">094 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 16.0723px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> 28,141 </span></span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> Accounting <span class="_ _4c"> </span>policies<span class="_ _4"/> <span class="_ _fe"> </span><span class="ls0 ws0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The segment informa<span class="_ _3"/>tion has been compiled in conformity with the Group’<span class="_ _2"/>s accounting policies and is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in accordance with the in<span class="_ _3"/>ternal management reports.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">1 <span class="_ _3a"> </span>Comparison figures ha<span class="_ _3"/>ve </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">been resta<span class="_ _3"/>ted as part of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">goodwill from a prior acqui<span class="ls0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">sition has been realloca<span class="_ _3"/>ted </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">from Logistics Division to </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Ferry Division.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> Accounting <span class="_ _4c"> </span>policies<span class="_ _4"/> <span class="_ _fe"> </span><span class="ls0 ws0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The segment informa<span class="_ _3"/>tion has been compiled in conformity with the Group’<span class="_ _2"/>s accounting policies and is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in accordance with the in<span class="_ _3"/>ternal management reports.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2.2 Re<span class="_ _3"/>venue</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:328px;"><span style="position: absolute; display: inline-block; left: 494.797px; top: 0.0078125px; width: 24.8379px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 24.8379px; display: inline-block;">2023</span></span><span style="position: absolute; display: inline-block; left: 291.016px; top: 19.8984px; width: 26.5254px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 26.5547px; display: inline-block;">Ferry </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 341.516px; top: 19.8984px; width: 44.3262px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 44.3262px; display: inline-block;">Logistics </span></span><span style="position: absolute; display: inline-block; left: 429.203px; top: 19.8984px; width: 25.0312px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 25.0605px; display: inline-block;">Non- </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 33.3691px; width: 52.6699px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 52.6699px; display: inline-block;">DKK million</span></span><span style="position: absolute; display: inline-block; left: 278.172px; top: 33.3984px; width: 37.3535px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 37.3535px; display: inline-block;">Division</span></span><span style="position: absolute; display: inline-block; left: 347.109px; top: 33.3984px; width: 37.3535px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 37.3535px; display: inline-block;">Division</span></span><span style="position: absolute; display: inline-block; left: 405.906px; top: 33.3984px; width: 114.012px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 46.5703px; display: inline-block;">allocated</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.9784px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.2891px; display: inline-block;">otal</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 55.4141px; width: 517.523px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 92.7422px; display: inline-block;">Geographical mark</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 14.7129px; display: inline-block;">ets</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 408.469px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 70.6035px; width: 518.684px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 47.0156px; display: inline-block;">North Sea</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 243.328px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.96525px; letter-spacing: -0.96525px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 11.7598px; display: inline-block;">5,7</span><span style="word-spacing: 0.96525px; letter-spacing: -0.96525px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.2207px; display: inline-block;">0</span><span style="word-spacing: 0.96525px; letter-spacing: -0.96525px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.2207px; display: inline-block;">0</span><span style="word-spacing: 0.96525px; letter-spacing: -0.96525px; display: inline-block; margin-left: 0px; width: 65.0858px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 3.74414px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 62.0685px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.5741px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.96525px; letter-spacing: -0.96525px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 4.96289px; display: inline-block;">5</span><span style="word-spacing: 0.96525px; letter-spacing: -0.96525px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 6.79688px; display: inline-block;">,7</span><span style="word-spacing: 0.96525px; letter-spacing: -0.96525px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.2207px; display: inline-block;">0</span><span style="word-spacing: 0.96525px; letter-spacing: -0.96525px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.2207px; display: inline-block;">0</span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 85.8223px; width: 519.938px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 69.1113px; display: inline-block;">Mediterranean</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 219.838px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 20.9238px; display: inline-block;">4,62</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 6.01172px; display: inline-block;">4</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.0429px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 3.74414px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 62.0685px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.5489px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 26.9297px; display: inline-block;">4,624</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 101.041px; width: 519.639px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 48.1289px; display: inline-block;">Baltic Sea</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 241.336px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 26.0156px; display: inline-block;">1,256</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.0429px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 3.74414px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 62.0685px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 26.0156px; display: inline-block;">1,256</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 116.26px; width: 519.744px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 45.9844px; display: inline-block;">Continent</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 265.933px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 3.74414px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 26.9883px; display: inline-block;">4,844</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.2364px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.5489px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 26.9883px; display: inline-block;">4,844</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 131.479px; width: 518.918px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 31.2129px; display: inline-block;">Nordic</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 280.523px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 3.74414px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.34125px; letter-spacing: -0.34125px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 14.0156px; display: inline-block;">3,8</span><span style="word-spacing: 0.34125px; letter-spacing: -0.34125px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 11.0801px; display: inline-block;">57</span><span style="word-spacing: 0.34125px; letter-spacing: -0.34125px; display: inline-block; margin-left: 0px; width: 62.0685px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.34125px; letter-spacing: -0.34125px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 14.0156px; display: inline-block;">3,8</span><span style="word-spacing: 0.34125px; letter-spacing: -0.34125px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 11.0801px; display: inline-block;">57</span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 146.697px; width: 518.895px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 50.3613px; display: inline-block;">UK/Ireland</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 239.742px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.07031px; display: inline-block;">3</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.3906px; display: inline-block;">,691</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.96484px; display: inline-block;">3,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.3223px; display: inline-block;">308</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 62.0685px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.43875px; letter-spacing: -0.43875px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 13.9043px; display: inline-block;">6,9</span><span style="word-spacing: 0.43875px; letter-spacing: -0.43875px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 11.373px; display: inline-block;">98</span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 161.916px; width: 519.217px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 26.4434px; display: inline-block;">Other</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 285.633px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 3.74414px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.627px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 3.74414px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.7188px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 11.8008px; display: inline-block;">25</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.7051px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 11.8008px; display: inline-block;">25</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 182.695px; width: 519.586px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.2891px; display: inline-block;">otal</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 258.938px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 32.2441px; display: inline-block;">15,271</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.6641px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 14.5781px; display: inline-block;">12,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.084px; display: inline-block;">008</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.7051px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.1934px; display: inline-block;">25</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.4199px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.1055px; display: inline-block;">27</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 2.97656px; display: inline-block;">,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.0078px; display: inline-block;">304</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 204.711px; width: 100.26px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 100.26px; display: inline-block;">Product and services</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 219.9px; width: 519.697px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 168.252px; display: inline-block;">Seafreight and shipping logistics sol</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 28.4531px; display: inline-block;">utions</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 92.6483px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.17578px; display: inline-block;">9</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 2.90039px; display: inline-block;">,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.4102px; display: inline-block;">939</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.1406px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 5.16797px; display: inline-block;">1</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6406px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.5489px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.17578px; display: inline-block;">9</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 21.2578px; display: inline-block;">,940</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 235.119px; width: 519.498px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.95898px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 84.3281px; display: inline-block;">ransport solutions</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 208.6px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.32175px; letter-spacing: -0.32175px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 16.9805px; display: inline-block;">705</span><span style="word-spacing: 0.32175px; letter-spacing: -0.32175px; display: inline-block; margin-left: 0px; width: 38.133px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 30.7266px; display: inline-block;">11,691</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.2364px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.8946px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 32.3262px; display: inline-block;">12,396</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 250.338px; width: 519.926px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 82.459px; display: inline-block;">Passenger seafar</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 95.3262px; display: inline-block;">e and onboard sales</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 112.564px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.07031px; display: inline-block;">3</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 21.0527px; display: inline-block;">,568</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.2364px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 62.0685px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.07031px; display: inline-block;">3</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.8066px; display: inline-block;">,567</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 265.557px; width: 519.275px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.95898px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 76.002px; display: inline-block;">erminal services</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 216.31px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 18.082px; display: inline-block;">588</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 62.0685px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 5.83594px; display: inline-block;">7</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6406px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.0332px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 18.0293px; display: inline-block;">595</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 280.775px; width: 519.762px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 106.764px; display: inline-block;">Charters including rela</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 52.207px; display: inline-block;">ted income</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 138.574px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 18.2871px; display: inline-block;">363</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6406px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 62.0685px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.0332px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 18.2871px; display: inline-block;">363</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 295.994px; width: 519.633px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 63.7266px; display: inline-block;">Agency and o</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 35.4316px; display: inline-block;">ther rev</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 23.0039px; display: inline-block;">enue</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 177.188px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 17.1328px; display: inline-block;">108</span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; width: 51.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="width: 17.1211px; display: inline-block;">310</span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; width: 56.0977px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 11.8008px; display: inline-block;">25</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.4727px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 17.8828px; display: inline-block;">442</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 316.758px; width: 519.586px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.2891px; display: inline-block;">otal</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 258.938px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 32.2441px; display: inline-block;">15,271</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.6641px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 14.5781px; display: inline-block;">12,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.084px; display: inline-block;">008</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.7051px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.1934px; display: inline-block;">25</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.4199px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.1055px; display: inline-block;">27</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 2.97656px; display: inline-block;">,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.0078px; display: inline-block;">304</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Revenue incl<span class="_ _3"/>udes rev<span class="_ _2"/>enue recognised from contr<span class="_ _3"/>acts with customers in accor<span class="_ _2"/>dance with IFRS 15 and other </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">re<span class="_ _3"/>venue (leasing activities<span class="_ _3"/>). Revenue fr<span class="_ _2"/>om leasing activities amounts to DKK 405m (2022: DKK 37<span class="_ _2"/>4). Onboard </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">sales amounts to DKK 1,<span class="_ _2"/>656m (2022: DKK 1,327m). </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">T<span class="_ _2"/>ypically<span class="_ _2"/>, payment is due upon or aft<span class="_ _3"/>er completion of the services in the logistics division and at the start of the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">journey in the ferry division. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:328.044921875px;"><span style="position: absolute; display: inline-block; left: 495.359px; top: 0.0097656px; width: 23.7949px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 23.7949px; display: inline-block;">2022</span></span><span style="position: absolute; display: inline-block; left: 290.844px; top: 19.9297px; width: 26.5254px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 26.5547px; display: inline-block;">Ferry </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 340.234px; top: 19.9297px; width: 44.3262px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 44.3262px; display: inline-block;">Logistics </span></span><span style="position: absolute; display: inline-block; left: 428.625px; top: 19.9297px; width: 25.0312px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 25.0605px; display: inline-block;">Non- </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 33.4004px; width: 52.6699px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 52.6699px; display: inline-block;">DKK million</span></span><span style="position: absolute; display: inline-block; left: 277.391px; top: 33.4297px; width: 37.3535px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 37.3535px; display: inline-block;">Division</span></span><span style="position: absolute; display: inline-block; left: 345.453px; top: 33.4297px; width: 37.3535px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 37.3535px; display: inline-block;">Division</span></span><span style="position: absolute; display: inline-block; left: 405.359px; top: 33.4297px; width: 114.012px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 46.5703px; display: inline-block;">allocated</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.9784px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.2891px; display: inline-block;">otal</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 55.4453px; width: 517.518px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 92.7422px; display: inline-block;">Geographical mark</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 14.7129px; display: inline-block;">ets</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 272.397px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 134.004px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 70.6348px; width: 521.525px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 47.0156px; display: inline-block;">North Sea</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 237.691px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 5</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 2.90039px; display: inline-block;">,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.6133px; display: inline-block;">630 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.8594px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> - </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.1875px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.0391px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 5,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.6133px; display: inline-block;">630 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 85.8535px; width: 521.654px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 69.1113px; display: inline-block;">Mediterranean</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 216.855px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 4,4</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 13.2129px; display: inline-block;">71 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.8594px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> - </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.1875px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.4922px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 4,4</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 13.2129px; display: inline-block;">71 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 101.072px; width: 521.953px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 48.1289px; display: inline-block;">Baltic Sea</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 236.959px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 1,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.5488px; display: inline-block;">496 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.8594px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> - </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.1875px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.4199px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 1,496 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 116.307px; width: 522.006px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 45.9844px; display: inline-block;">Continent</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 263.467px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> - </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.4199px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 4,416 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.1875px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.4199px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 4,416 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 131.525px; width: 521.895px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 31.2129px; display: inline-block;">Nordic</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 278.279px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> - </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.4199px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 4,418 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.1875px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.4199px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 4,418 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 146.744px; width: 288.492px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 50.3613px; display: inline-block;">UK/Ireland</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 238.131px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="position: absolute; display: inline-block; left: 288.492px; top: 146.744px; width: 233.191px; white-space: pre; word-spacing: -2.21325px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 8.96484px; display: inline-block;">3,</span><span style="word-spacing: -2.21325px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.5098px; display: inline-block;">906 </span><span style="word-spacing: -2.21325px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.133px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> 2,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.3887px; display: inline-block;">518 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.1875px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.4199px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 6,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.0977px; display: inline-block;">424 </span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 161.963px; width: 521.549px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 26.4434px; display: inline-block;">Other</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 283.078px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> - </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.8594px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.5877px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.08775px; letter-spacing: -0.08775px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 4.42969px; display: inline-block;"> </span>18 </span><span style="word-spacing: 0.08775px; letter-spacing: -0.08775px; display: inline-block; margin-left: 0px; width: 50.0332px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 4.42969px; display: inline-block;"> </span>18 </span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 182.727px; width: 521.648px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.2891px; display: inline-block;">otal</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 256.195px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 15,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.8594px; display: inline-block;">503 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.9102px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 11,352 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.5917px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.06825px; letter-spacing: -0.06825px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span>18 </span><span style="word-spacing: 0.06825px; letter-spacing: -0.06825px; display: inline-block; margin-left: 0px; width: 30.6621px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> 26,87</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 8.36133px; display: inline-block;">3 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 204.742px; width: 517.219px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 100.26px; display: inline-block;">Product and services</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 211.102px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 65.7127px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 66.1815px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 65.7127px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 219.932px; width: 522.035px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 168.252px; display: inline-block;">Seafreight and shipping logistics sol</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 28.4531px; display: inline-block;">utions</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 83.7832px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 10</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 22.916px; display: inline-block;">,425 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.3125px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.078px; letter-spacing: -0.078px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 4.42969px; display: inline-block;"> </span>27</span><span style="word-spacing: 0.078px; letter-spacing: -0.078px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span><span style="word-spacing: 0.078px; letter-spacing: -0.078px; display: inline-block; margin-left: 0px; width: 57.1875px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 30.6621px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 10</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 22.916px; display: inline-block;">,452 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 235.15px; width: 521.865px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.95898px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 84.3281px; display: inline-block;">ransport solutions</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 208.054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 20.2441px; display: inline-block;">595 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.9414px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 10</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 23.2383px; display: inline-block;">,820 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.1875px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.2832px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 11,415 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 250.369px; width: 522.076px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 82.459px; display: inline-block;">Passenger seafar</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 95.3262px; display: inline-block;">e and onboard sales</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 107.467px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 2,982 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.6386px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.0391px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 2,982 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 265.588px; width: 521.484px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.95898px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 76.002px; display: inline-block;">erminal services</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 216.31px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 20.3789px; display: inline-block;">953 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 6 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.1875px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.2969px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 20.4902px; display: inline-block;">959 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 280.807px; width: 521.689px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 106.764px; display: inline-block;">Charters including rela</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 52.207px; display: inline-block;">ted income</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 139.306px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 19.5117px; display: inline-block;">331 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.498px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 19.5117px; display: inline-block;">331 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 296.025px; width: 521.736px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 63.7266px; display: inline-block;">Agency and o</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 35.4316px; display: inline-block;">ther rev</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 23.0039px; display: inline-block;">enue</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 177.639px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 19.4062px; display: inline-block;">216 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.2969px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 20.4668px; display: inline-block;">498 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.0332px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.08775px; letter-spacing: -0.08775px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 4.42969px; display: inline-block;"> </span>18</span><span style="word-spacing: 0.08775px; letter-spacing: -0.08775px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span><span style="word-spacing: 0.08775px; letter-spacing: -0.08775px; display: inline-block; margin-left: 0px; width: 47.7832px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 20.1738px; display: inline-block;">733 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 316.805px; width: 521.648px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.2891px; display: inline-block;">otal</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 256.195px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 15,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.8594px; display: inline-block;">503 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.9102px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 11,352 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.5917px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.06825px; letter-spacing: -0.06825px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span>18 </span><span style="word-spacing: 0.06825px; letter-spacing: -0.06825px; display: inline-block; margin-left: 0px; width: 30.6621px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> 26,87</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 8.36133px; display: inline-block;">3 </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2.2 Re<span class="_ _3"/>venue <span class="_ _23c"/><span class="ff3 ws0"> (<span class="_ _2"/>continued)</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> Accounting <span class="_ _4c"> </span>policies<span class="_ _4"/> <span class="_ _fe"> </span><span class="ls0 ws0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Revenue fr<span class="_ _2"/>om transport of passengers, freight and fr<span class="_ _3"/>om rendering terminal and w<span class="_ _3"/>arehouse services </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">etc., is r<span class="_ _3"/>ecognised in the income statement a<span class="_ _3"/>t the time of delivery of the service to the customer<span class="_ _2"/>, which </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">is the time where the contr<span class="_ _2"/>ol is transferred and when ea<span class="_ _3"/>ch separat<span class="_ _3"/>e performance obligation in the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">customer contra<span class="_ _3"/>ct is fulfilled follo<span class="_ _3"/>wing the “ov<span class="_ _3"/>er-<span class="_ _3"/>time principle”<span class="_ _26"/>. Some of the ferry and freight </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">transports hav<span class="_ _2"/>e a series of performance obligations, but as the duration of these tr<span class="_ _2"/>anspor<span class="_ _4"/>ts are short </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">term the impact fr<span class="_ _3"/>om splitting these contr<span class="_ _3"/>acts into “distinc<span class="_ _3"/>t services” will not have ma<span class="_ _3"/>terial impact. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Most transports carried out by the F<span class="_ _3"/>erry Division are chara<span class="_ _3"/>cterised by short delivery time (most sailings </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are less than 30 hours while sailings to/fr<span class="_ _2"/>om T<span class="_ _2"/>ürkiye are up to 7<span class="_ _3"/>2 hours). T<span class="_ _2"/>ransports carried out b<span class="_ _3"/>y the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Logistics Division can be over a longer period.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Revenue fr<span class="_ _2"/>om char<span class="_ _4"/>tering out ferries is r<span class="_ _3"/>ecognised straight line o<span class="_ _3"/>ver the dur<span class="_ _3"/>ation of the agr<span class="_ _3"/>eement. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Onboard sales is r<span class="_ _2"/>ecognised at a “point in time”<span class="_ _2"/>. Re<span class="_ _3"/>venue is measur<span class="_ _3"/>ed at fair v<span class="_ _3"/>alue ex<span class="_ _2"/>cluding value </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">added tax and after deduction of tr<span class="_ _2"/>ade discounts. T<span class="_ _2"/>rade r<span class="_ _2"/>eceivables are not adjusted f<span class="_ _3"/>or any financing </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">component when recognised. The gener<span class="_ _2"/>al credit terms are follo<span class="_ _2"/>wing market terms.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Accounting estimat<span class="_ _3"/>es and judgements are made in or<span class="_ _2"/>der to determine time of delivery and accrue for </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">rele<span class="_ _3"/>vant income along with ev<span class="_ _2"/>aluation of pricing. These accounting estimates and judgements ar<span class="_ _2"/>e<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">based on experience and historical sales figur<span class="_ _2"/>es along with a continuous follow-up on service deliver<span class="_ _2"/>ed.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2.2 Re<span class="_ _3"/>venue</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:328px;"><span style="position: absolute; display: inline-block; left: 494.797px; top: 0.0078125px; width: 24.8379px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 24.8379px; display: inline-block;">2023</span></span><span style="position: absolute; display: inline-block; left: 291.016px; top: 19.8984px; width: 26.5254px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 26.5547px; display: inline-block;">Ferry </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 341.516px; top: 19.8984px; width: 44.3262px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 44.3262px; display: inline-block;">Logistics </span></span><span style="position: absolute; display: inline-block; left: 429.203px; top: 19.8984px; width: 25.0312px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 25.0605px; display: inline-block;">Non- </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 33.3691px; width: 52.6699px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 52.6699px; display: inline-block;">DKK million</span></span><span style="position: absolute; display: inline-block; left: 278.172px; top: 33.3984px; width: 37.3535px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 37.3535px; display: inline-block;">Division</span></span><span style="position: absolute; display: inline-block; left: 347.109px; top: 33.3984px; width: 37.3535px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 37.3535px; display: inline-block;">Division</span></span><span style="position: absolute; display: inline-block; left: 405.906px; top: 33.3984px; width: 114.012px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 46.5703px; display: inline-block;">allocated</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.9784px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.2891px; display: inline-block;">otal</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 55.4141px; width: 517.523px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 92.7422px; display: inline-block;">Geographical mark</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 14.7129px; display: inline-block;">ets</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 408.469px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 70.6035px; width: 518.684px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 47.0156px; display: inline-block;">North Sea</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 243.328px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.96525px; letter-spacing: -0.96525px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 11.7598px; display: inline-block;">5,7</span><span style="word-spacing: 0.96525px; letter-spacing: -0.96525px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.2207px; display: inline-block;">0</span><span style="word-spacing: 0.96525px; letter-spacing: -0.96525px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.2207px; display: inline-block;">0</span><span style="word-spacing: 0.96525px; letter-spacing: -0.96525px; display: inline-block; margin-left: 0px; width: 65.0858px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 3.74414px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 62.0685px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.5741px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.96525px; letter-spacing: -0.96525px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 4.96289px; display: inline-block;">5</span><span style="word-spacing: 0.96525px; letter-spacing: -0.96525px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 6.79688px; display: inline-block;">,7</span><span style="word-spacing: 0.96525px; letter-spacing: -0.96525px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.2207px; display: inline-block;">0</span><span style="word-spacing: 0.96525px; letter-spacing: -0.96525px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.2207px; display: inline-block;">0</span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 85.8223px; width: 519.938px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 69.1113px; display: inline-block;">Mediterranean</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 219.838px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 20.9238px; display: inline-block;">4,62</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 6.01172px; display: inline-block;">4</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.0429px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 3.74414px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 62.0685px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.5489px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 26.9297px; display: inline-block;">4,624</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 101.041px; width: 519.639px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 48.1289px; display: inline-block;">Baltic Sea</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 241.336px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 26.0156px; display: inline-block;">1,256</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.0429px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 3.74414px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 62.0685px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 26.0156px; display: inline-block;">1,256</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 116.26px; width: 519.744px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 45.9844px; display: inline-block;">Continent</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 265.933px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 3.74414px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 26.9883px; display: inline-block;">4,844</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.2364px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.5489px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 26.9883px; display: inline-block;">4,844</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 131.479px; width: 518.918px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 31.2129px; display: inline-block;">Nordic</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 280.523px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 3.74414px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.34125px; letter-spacing: -0.34125px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 14.0156px; display: inline-block;">3,8</span><span style="word-spacing: 0.34125px; letter-spacing: -0.34125px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 11.0801px; display: inline-block;">57</span><span style="word-spacing: 0.34125px; letter-spacing: -0.34125px; display: inline-block; margin-left: 0px; width: 62.0685px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.34125px; letter-spacing: -0.34125px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 14.0156px; display: inline-block;">3,8</span><span style="word-spacing: 0.34125px; letter-spacing: -0.34125px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 11.0801px; display: inline-block;">57</span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 146.697px; width: 518.895px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 50.3613px; display: inline-block;">UK/Ireland</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 239.742px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.07031px; display: inline-block;">3</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.3906px; display: inline-block;">,691</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.96484px; display: inline-block;">3,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.3223px; display: inline-block;">308</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 62.0685px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.43875px; letter-spacing: -0.43875px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 13.9043px; display: inline-block;">6,9</span><span style="word-spacing: 0.43875px; letter-spacing: -0.43875px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 11.373px; display: inline-block;">98</span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 161.916px; width: 519.217px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 26.4434px; display: inline-block;">Other</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 285.633px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 3.74414px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.627px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 3.74414px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.7188px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 11.8008px; display: inline-block;">25</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.7051px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 11.8008px; display: inline-block;">25</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 182.695px; width: 519.586px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.2891px; display: inline-block;">otal</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 258.938px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 32.2441px; display: inline-block;">15,271</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.6641px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 14.5781px; display: inline-block;">12,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.084px; display: inline-block;">008</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.7051px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.1934px; display: inline-block;">25</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.4199px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.1055px; display: inline-block;">27</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 2.97656px; display: inline-block;">,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.0078px; display: inline-block;">304</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 204.711px; width: 100.26px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 100.26px; display: inline-block;">Product and services</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 219.9px; width: 519.697px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 168.252px; display: inline-block;">Seafreight and shipping logistics sol</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 28.4531px; display: inline-block;">utions</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 92.6483px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.17578px; display: inline-block;">9</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 2.90039px; display: inline-block;">,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.4102px; display: inline-block;">939</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.1406px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 5.16797px; display: inline-block;">1</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6406px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.5489px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.17578px; display: inline-block;">9</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 21.2578px; display: inline-block;">,940</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 235.119px; width: 519.498px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.95898px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 84.3281px; display: inline-block;">ransport solutions</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 208.6px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.32175px; letter-spacing: -0.32175px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 16.9805px; display: inline-block;">705</span><span style="word-spacing: 0.32175px; letter-spacing: -0.32175px; display: inline-block; margin-left: 0px; width: 38.133px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 30.7266px; display: inline-block;">11,691</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.2364px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.8946px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 32.3262px; display: inline-block;">12,396</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 250.338px; width: 519.926px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 82.459px; display: inline-block;">Passenger seafar</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 95.3262px; display: inline-block;">e and onboard sales</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 112.564px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.07031px; display: inline-block;">3</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 21.0527px; display: inline-block;">,568</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.2364px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 62.0685px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.07031px; display: inline-block;">3</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.8066px; display: inline-block;">,567</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 265.557px; width: 519.275px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.95898px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 76.002px; display: inline-block;">erminal services</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 216.31px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 18.082px; display: inline-block;">588</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 62.0685px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 5.83594px; display: inline-block;">7</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6406px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.0332px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 18.0293px; display: inline-block;">595</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 280.775px; width: 519.762px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 106.764px; display: inline-block;">Charters including rela</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 52.207px; display: inline-block;">ted income</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 138.574px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 18.2871px; display: inline-block;">363</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6406px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 62.0685px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.0332px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 18.2871px; display: inline-block;">363</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 295.994px; width: 519.633px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 63.7266px; display: inline-block;">Agency and o</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 35.4316px; display: inline-block;">ther rev</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 23.0039px; display: inline-block;">enue</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 177.188px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 17.1328px; display: inline-block;">108</span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; width: 51.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="width: 17.1211px; display: inline-block;">310</span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; width: 56.0977px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 11.8008px; display: inline-block;">25</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.4727px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 17.8828px; display: inline-block;">442</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 316.758px; width: 519.586px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.2891px; display: inline-block;">otal</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 258.938px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 32.2441px; display: inline-block;">15,271</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.6641px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 14.5781px; display: inline-block;">12,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.084px; display: inline-block;">008</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.7051px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.1934px; display: inline-block;">25</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.4199px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.1055px; display: inline-block;">27</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 2.97656px; display: inline-block;">,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.0078px; display: inline-block;">304</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Revenue incl<span class="_ _3"/>udes rev<span class="_ _2"/>enue recognised from contr<span class="_ _3"/>acts with customers in accor<span class="_ _2"/>dance with IFRS 15 and other </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">re<span class="_ _3"/>venue (leasing activities<span class="_ _3"/>). Revenue fr<span class="_ _2"/>om leasing activities amounts to DKK 405m (2022: DKK 37<span class="_ _2"/>4). Onboard </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">sales amounts to DKK 1,<span class="_ _2"/>656m (2022: DKK 1,327m). </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">T<span class="_ _2"/>ypically<span class="_ _2"/>, payment is due upon or aft<span class="_ _3"/>er completion of the services in the logistics division and at the start of the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">journey in the ferry division. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:328.044921875px;"><span style="position: absolute; display: inline-block; left: 495.359px; top: 0.0097656px; width: 23.7949px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 23.7949px; display: inline-block;">2022</span></span><span style="position: absolute; display: inline-block; left: 290.844px; top: 19.9297px; width: 26.5254px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 26.5547px; display: inline-block;">Ferry </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 340.234px; top: 19.9297px; width: 44.3262px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 44.3262px; display: inline-block;">Logistics </span></span><span style="position: absolute; display: inline-block; left: 428.625px; top: 19.9297px; width: 25.0312px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 25.0605px; display: inline-block;">Non- </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 33.4004px; width: 52.6699px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 52.6699px; display: inline-block;">DKK million</span></span><span style="position: absolute; display: inline-block; left: 277.391px; top: 33.4297px; width: 37.3535px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 37.3535px; display: inline-block;">Division</span></span><span style="position: absolute; display: inline-block; left: 345.453px; top: 33.4297px; width: 37.3535px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 37.3535px; display: inline-block;">Division</span></span><span style="position: absolute; display: inline-block; left: 405.359px; top: 33.4297px; width: 114.012px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 46.5703px; display: inline-block;">allocated</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.9784px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.2891px; display: inline-block;">otal</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 55.4453px; width: 517.518px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 92.7422px; display: inline-block;">Geographical mark</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 14.7129px; display: inline-block;">ets</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 272.397px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 134.004px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 70.6348px; width: 521.525px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 47.0156px; display: inline-block;">North Sea</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 237.691px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 5</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 2.90039px; display: inline-block;">,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.6133px; display: inline-block;">630 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.8594px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> - </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.1875px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.0391px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 5,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.6133px; display: inline-block;">630 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 85.8535px; width: 521.654px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 69.1113px; display: inline-block;">Mediterranean</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 216.855px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 4,4</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 13.2129px; display: inline-block;">71 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.8594px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> - </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.1875px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.4922px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 4,4</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 13.2129px; display: inline-block;">71 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 101.072px; width: 521.953px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 48.1289px; display: inline-block;">Baltic Sea</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 236.959px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 1,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.5488px; display: inline-block;">496 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.8594px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> - </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.1875px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.4199px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 1,496 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 116.307px; width: 522.006px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 45.9844px; display: inline-block;">Continent</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 263.467px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> - </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.4199px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 4,416 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.1875px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.4199px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 4,416 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 131.525px; width: 521.895px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 31.2129px; display: inline-block;">Nordic</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 278.279px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> - </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.4199px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 4,418 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.1875px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.4199px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 4,418 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 146.744px; width: 288.492px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 50.3613px; display: inline-block;">UK/Ireland</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 238.131px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="position: absolute; display: inline-block; left: 288.492px; top: 146.744px; width: 233.191px; white-space: pre; word-spacing: -2.21325px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 8.96484px; display: inline-block;">3,</span><span style="word-spacing: -2.21325px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.5098px; display: inline-block;">906 </span><span style="word-spacing: -2.21325px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.133px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> 2,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.3887px; display: inline-block;">518 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.1875px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.4199px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 6,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.0977px; display: inline-block;">424 </span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 161.963px; width: 521.549px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 26.4434px; display: inline-block;">Other</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 283.078px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> - </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.8594px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.5877px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.08775px; letter-spacing: -0.08775px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 4.42969px; display: inline-block;"> </span>18 </span><span style="word-spacing: 0.08775px; letter-spacing: -0.08775px; display: inline-block; margin-left: 0px; width: 50.0332px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 4.42969px; display: inline-block;"> </span>18 </span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 182.727px; width: 521.648px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.2891px; display: inline-block;">otal</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 256.195px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 15,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.8594px; display: inline-block;">503 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.9102px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 11,352 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.5917px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.06825px; letter-spacing: -0.06825px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span>18 </span><span style="word-spacing: 0.06825px; letter-spacing: -0.06825px; display: inline-block; margin-left: 0px; width: 30.6621px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> 26,87</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 8.36133px; display: inline-block;">3 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 204.742px; width: 517.219px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 100.26px; display: inline-block;">Product and services</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 211.102px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 65.7127px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 66.1815px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 65.7127px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 219.932px; width: 522.035px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 168.252px; display: inline-block;">Seafreight and shipping logistics sol</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 28.4531px; display: inline-block;">utions</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 83.7832px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 10</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 22.916px; display: inline-block;">,425 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.3125px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.078px; letter-spacing: -0.078px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 4.42969px; display: inline-block;"> </span>27</span><span style="word-spacing: 0.078px; letter-spacing: -0.078px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span><span style="word-spacing: 0.078px; letter-spacing: -0.078px; display: inline-block; margin-left: 0px; width: 57.1875px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 30.6621px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 10</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 22.916px; display: inline-block;">,452 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 235.15px; width: 521.865px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.95898px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 84.3281px; display: inline-block;">ransport solutions</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 208.054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 20.2441px; display: inline-block;">595 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.9414px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 10</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 23.2383px; display: inline-block;">,820 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.1875px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.2832px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 11,415 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 250.369px; width: 522.076px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 82.459px; display: inline-block;">Passenger seafar</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 95.3262px; display: inline-block;">e and onboard sales</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 107.467px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 2,982 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.6386px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.0391px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 2,982 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 265.588px; width: 521.484px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.95898px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 76.002px; display: inline-block;">erminal services</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 216.31px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 20.3789px; display: inline-block;">953 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 6 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.1875px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.2969px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 20.4902px; display: inline-block;">959 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 280.807px; width: 521.689px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 106.764px; display: inline-block;">Charters including rela</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 52.207px; display: inline-block;">ted income</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 139.306px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 19.5117px; display: inline-block;">331 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.498px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 19.5117px; display: inline-block;">331 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 296.025px; width: 521.736px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 63.7266px; display: inline-block;">Agency and o</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 35.4316px; display: inline-block;">ther rev</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 23.0039px; display: inline-block;">enue</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 177.639px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 19.4062px; display: inline-block;">216 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.2969px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 20.4668px; display: inline-block;">498 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.0332px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.08775px; letter-spacing: -0.08775px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 4.42969px; display: inline-block;"> </span>18</span><span style="word-spacing: 0.08775px; letter-spacing: -0.08775px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span><span style="word-spacing: 0.08775px; letter-spacing: -0.08775px; display: inline-block; margin-left: 0px; width: 47.7832px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 20.1738px; display: inline-block;">733 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 316.805px; width: 521.648px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.2891px; display: inline-block;">otal</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 256.195px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 15,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.8594px; display: inline-block;">503 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.9102px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 11,352 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.5917px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.06825px; letter-spacing: -0.06825px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span>18 </span><span style="word-spacing: 0.06825px; letter-spacing: -0.06825px; display: inline-block; margin-left: 0px; width: 30.6621px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> 26,87</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 8.36133px; display: inline-block;">3 </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2.2 Re<span class="_ _3"/>venue <span class="_ _23c"/><span class="ff3 ws0"> (<span class="_ _2"/>continued)</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> Accounting <span class="_ _4c"> </span>policies<span class="_ _4"/> <span class="_ _fe"> </span><span class="ls0 ws0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Revenue fr<span class="_ _2"/>om transport of passengers, freight and fr<span class="_ _3"/>om rendering terminal and w<span class="_ _3"/>arehouse services </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">etc., is r<span class="_ _3"/>ecognised in the income statement a<span class="_ _3"/>t the time of delivery of the service to the customer<span class="_ _2"/>, which </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">is the time where the contr<span class="_ _2"/>ol is transferred and when ea<span class="_ _3"/>ch separat<span class="_ _3"/>e performance obligation in the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">customer contra<span class="_ _3"/>ct is fulfilled follo<span class="_ _3"/>wing the “ov<span class="_ _3"/>er-<span class="_ _3"/>time principle”<span class="_ _26"/>. Some of the ferry and freight </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">transports hav<span class="_ _2"/>e a series of performance obligations, but as the duration of these tr<span class="_ _2"/>anspor<span class="_ _4"/>ts are short </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">term the impact fr<span class="_ _3"/>om splitting these contr<span class="_ _3"/>acts into “distinc<span class="_ _3"/>t services” will not have ma<span class="_ _3"/>terial impact. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Most transports carried out by the F<span class="_ _3"/>erry Division are chara<span class="_ _3"/>cterised by short delivery time (most sailings </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are less than 30 hours while sailings to/fr<span class="_ _2"/>om T<span class="_ _2"/>ürkiye are up to 7<span class="_ _3"/>2 hours). T<span class="_ _2"/>ransports carried out b<span class="_ _3"/>y the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Logistics Division can be over a longer period.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Revenue fr<span class="_ _2"/>om char<span class="_ _4"/>tering out ferries is r<span class="_ _3"/>ecognised straight line o<span class="_ _3"/>ver the dur<span class="_ _3"/>ation of the agr<span class="_ _3"/>eement. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Onboard sales is r<span class="_ _2"/>ecognised at a “point in time”<span class="_ _2"/>. Re<span class="_ _3"/>venue is measur<span class="_ _3"/>ed at fair v<span class="_ _3"/>alue ex<span class="_ _2"/>cluding value </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">added tax and after deduction of tr<span class="_ _2"/>ade discounts. T<span class="_ _2"/>rade r<span class="_ _2"/>eceivables are not adjusted f<span class="_ _3"/>or any financing </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">component when recognised. The gener<span class="_ _2"/>al credit terms are follo<span class="_ _2"/>wing market terms.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Accounting estimat<span class="_ _3"/>es and judgements are made in or<span class="_ _2"/>der to determine time of delivery and accrue for </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">rele<span class="_ _3"/>vant income along with ev<span class="_ _2"/>aluation of pricing. These accounting estimates and judgements ar<span class="_ _2"/>e<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">based on experience and historical sales figur<span class="_ _2"/>es along with a continuous follow-up on service deliver<span class="_ _2"/>ed.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> Accounting <span class="_ _4c"> </span>policies<span class="_ _4"/> <span class="_ _fe"> </span><span class="ls0 ws0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Revenue fr<span class="_ _2"/>om transport of passengers, freight and fr<span class="_ _3"/>om rendering terminal and w<span class="_ _3"/>arehouse services </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">etc., is r<span class="_ _3"/>ecognised in the income statement a<span class="_ _3"/>t the time of delivery of the service to the customer<span class="_ _2"/>, which </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">is the time where the contr<span class="_ _2"/>ol is transferred and when ea<span class="_ _3"/>ch separat<span class="_ _3"/>e performance obligation in the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">customer contra<span class="_ _3"/>ct is fulfilled follo<span class="_ _3"/>wing the “ov<span class="_ _3"/>er-<span class="_ _3"/>time principle”<span class="_ _26"/>. Some of the ferry and freight </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">transports hav<span class="_ _2"/>e a series of performance obligations, but as the duration of these tr<span class="_ _2"/>anspor<span class="_ _4"/>ts are short </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">term the impact fr<span class="_ _3"/>om splitting these contr<span class="_ _3"/>acts into “distinc<span class="_ _3"/>t services” will not have ma<span class="_ _3"/>terial impact. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Most transports carried out by the F<span class="_ _3"/>erry Division are chara<span class="_ _3"/>cterised by short delivery time (most sailings </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are less than 30 hours while sailings to/fr<span class="_ _2"/>om T<span class="_ _2"/>ürkiye are up to 7<span class="_ _3"/>2 hours). T<span class="_ _2"/>ransports carried out b<span class="_ _3"/>y the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Logistics Division can be over a longer period.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Revenue fr<span class="_ _2"/>om char<span class="_ _4"/>tering out ferries is r<span class="_ _3"/>ecognised straight line o<span class="_ _3"/>ver the dur<span class="_ _3"/>ation of the agr<span class="_ _3"/>eement. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Onboard sales is r<span class="_ _2"/>ecognised at a “point in time”<span class="_ _2"/>. Re<span class="_ _3"/>venue is measur<span class="_ _3"/>ed at fair v<span class="_ _3"/>alue ex<span class="_ _2"/>cluding value </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">added tax and after deduction of tr<span class="_ _2"/>ade discounts. T<span class="_ _2"/>rade r<span class="_ _2"/>eceivables are not adjusted f<span class="_ _3"/>or any financing </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">component when recognised. The gener<span class="_ _2"/>al credit terms are follo<span class="_ _2"/>wing market terms.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Accounting estimat<span class="_ _3"/>es and judgements are made in or<span class="_ _2"/>der to determine time of delivery and accrue for </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">rele<span class="_ _3"/>vant income along with ev<span class="_ _2"/>aluation of pricing. These accounting estimates and judgements ar<span class="_ _2"/>e<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">based on experience and historical sales figur<span class="_ _2"/>es along with a continuous follow-up on service deliver<span class="_ _2"/>ed.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2.4 <span class="_ _27"> </span>Employ<span class="_ _2"/>ee costs</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:182.5625px;"><span style="position: absolute; display: inline-block; left: 0px; top: 0.0097656px; width: 519.574px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 52.6699px; display: inline-block;">DKK million</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 374.027px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 24.8379px; display: inline-block;">2023</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.244px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="width: 23.7949px; display: inline-block;">2022</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 22.0254px; width: 521.578px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 9.62695px; display: inline-block;">W</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 127.418px; display: inline-block;">ages, salaries and remuner</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 24.0645px; display: inline-block;">ation</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 261.117px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 30.9902px; display: inline-block;">-4,604</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.5469px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.709px; display: inline-block;">-3,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.3027px; display: inline-block;">844 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 37.2441px; width: 521.531px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 118.377px; display: inline-block;">Hereof capitalised emplo</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 44.1035px; display: inline-block;">yee costs</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 277.506px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.0176px; display: inline-block;">44</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.6386px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.65325px; letter-spacing: -0.65325px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span>47</span><span style="word-spacing: 0.65325px; letter-spacing: -0.65325px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 52.4629px; width: 521.584px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 162.129px; display: inline-block;">Defined contribution pension plans</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 269.977px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 3.74414px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 16.207px; display: inline-block;">211</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.0529px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 25.3418px; display: inline-block;">- 185 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 67.6816px; width: 521.777px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 138.305px; display: inline-block;">Defined benefit pension plans</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 303.199px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 9.82031px; display: inline-block;">-8</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 19.3477px; display: inline-block;">- 14 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 82.9004px; width: 521.578px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 123.498px; display: inline-block;">Other social security costs</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 307.178px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.16575px; letter-spacing: -0.16575px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 9.42188px; display: inline-block;">-4</span><span style="word-spacing: 0.16575px; letter-spacing: -0.16575px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 10.8457px; display: inline-block;">14</span><span style="word-spacing: 0.16575px; letter-spacing: -0.16575px; display: inline-block; margin-left: 0px; width: 46.9042px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="word-spacing: 0.195px; letter-spacing: -0.195px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 9.42188px; display: inline-block;">-3</span><span style="word-spacing: 0.195px; letter-spacing: -0.195px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 13.5234px; display: inline-block;">72 </span></span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 98.1348px; width: 521.818px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 74.1621px; display: inline-block;">Share based pa</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 29.2031px; display: inline-block;">yment</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 333.65px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 8.21484px; display: inline-block;">-2</span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.37305px; display: inline-block;">8</span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; width: 53.0801px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 18.2051px; display: inline-block;">-30 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 113.354px; width: 521.783px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 102.234px; display: inline-block;">Other employee costs</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 327.791px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 21.6094px; display: inline-block;">-352</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.996px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 24.1523px; display: inline-block;">-333 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 128.572px; width: 521.771px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 54px; display: inline-block;">Governmen</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 41.7422px; display: inline-block;">t grants (</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 30.7266px; display: inline-block;">Covid-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 14.4551px; display: inline-block;">19)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 306.551px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 5.87109px; display: inline-block;">2</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.8594px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 5 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 149.336px; width: 521.777px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 56.7773px; display: inline-block;">otal employ</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 39.4043px; display: inline-block;">ee costs</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 321.105px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.32175px; letter-spacing: -0.32175px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 23.3262px; display: inline-block;">-5,57</span><span style="word-spacing: 0.32175px; letter-spacing: -0.32175px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.75391px; display: inline-block;">2</span><span style="word-spacing: 0.32175px; letter-spacing: -0.32175px; display: inline-block; margin-left: 0px; width: 33.5449px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 9.29297px; display: inline-block;">4,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.5254px; display: inline-block;">726 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 171.322px; width: 522.082px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 133.922px; display: inline-block;">Full time equivalents (FTE), a</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.8652px; display: inline-block;">vera</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 11.8711px; display: inline-block;">ge</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 255.516px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 30.6387px; display: inline-block;">13,191</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 33.0469px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 11,510 </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Reference is ma<span class="_ _3"/>de to note 3<span class="_ _2"/>.2.4 for detailed inf<span class="_ _3"/>ormation on pension plans, note 5<span class="_ _2"/>.1 for detailed information on </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">remuner<span class="_ _2"/>ation of Management and note 5<span class="_ _2"/>.3 for detailed informa<span class="_ _3"/>tion on the Group’<span class="_ _2"/>s share based payment </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">schemes.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> Accounting <span class="_ _4c"> </span>policies<span class="_ _4"/> <span class="_ _fe"> </span><span class="ls0 ws0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">W<span class="_ _3"/>ages, salaries, social security contributions, pension contributions, paid annual leav<span class="_ _2"/>e and sick leave, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">bonuses, and non-monetary benefits are accrued in the y<span class="_ _2"/>ear in which the associated services are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">render<span class="_ _2"/>ed by employees of the Gr<span class="_ _3"/>oup. Where the Gr<span class="_ _2"/>oup provides long-term emplo<span class="_ _2"/>yee benefits, the costs </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are accrued t<span class="_ _3"/>o match the r<span class="_ _3"/>endering of the services by the employees.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">3<span class="_ _3"/>.2.4 <span class="_ _b8"> </span>Pension and jubilee liabilities</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Group contributes t<span class="_ _3"/>o defined contribution plans as well as defined benefit plans. The majority of the pension </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">plans are funded thr<span class="_ _2"/>ough payments to independent insurance companies r<span class="_ _3"/>esponsible for the pension obligation </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">tow<span class="_ _3"/>ards the employ<span class="_ _2"/>ees (defined contribution plans). In these plans the Gr<span class="_ _3"/>oup has no legal or constructive </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">obligation to pa<span class="_ _3"/>y further contributions irrespective of the financial situa<span class="_ _2"/>tion of these insurance companies or the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">return of the underl<span class="_ _2"/>ying investments. Pension costs fr<span class="_ _3"/>om such plans are e<span class="_ _2"/>xpensed in the income statement when </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">incurred.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Group has defined benefit plans, primaril<span class="_ _2"/>y in the United Kingdom. In addition, there ar<span class="_ _3"/>e minor defined benefit </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">plans in Norway<span class="_ _24e"/>, Belgium, Italy<span class="_ _2"/>, T<span class="_ _2"/>ürkiye, Lithuania, France, German<span class="_ _3"/>y<span class="_ _2"/>, Denmark, and Sweden. The United Kingdom </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">accounts for 12.1% (2022: 12.<span class="_ _2"/>4%) of the total net liability and 91.8% (2022: 91.<span class="_ _2"/>5%) of the funded and unfunded </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">obligation. The majority of the defined benefit plans ar<span class="_ _3"/>e pension plans that yearl<span class="_ _2"/>y pay out a certain percentage of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the employee’<span class="_ _2"/>s final salary upon retirement. The pensions ar<span class="_ _2"/>e paid out as from retir<span class="_ _3"/>ement and during the remaining </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">life of the employ<span class="_ _3"/>ee. The percent<span class="_ _3"/>age of the salary is dependent of the seniority of the employee e<span class="_ _2"/>xcept for certain </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">closed plans in the United Kingdom and some of the other minor plans. The defined benefit plans typicall<span class="_ _3"/>y include a </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">spouse pension and disability insurance.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Some of the pension plans in Sweden ar<span class="_ _3"/>e multi-employer plans, which co<span class="_ _3"/>ver a lar<span class="_ _3"/>ge number of enterprises. The </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">plans are collectiv<span class="_ _2"/>e and are cover<span class="_ _3"/>ed through contributions paid to the pension compan<span class="_ _3"/>y Alecta. The Swedish </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Financial Accounting Standar<span class="_ _3"/>ds Council<span class="_ _3"/>’s interpr<span class="_ _2"/>etations committee (Redo<span class="_ _3"/>visningsrådet) has defined this plan as </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">a multi-employer defined benefit plan. Pr<span class="_ _2"/>esently<span class="_ _2"/>, it is not possible to obtain sufficient informa<span class="_ _3"/>tion from Alect<span class="_ _3"/>a to </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">apportion assets and liabilities of the plans to the participating employ<span class="_ _3"/>ers. Consequently<span class="_ _24e"/>, the pension plans are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">similarly t<span class="_ _3"/>o prior years trea<span class="_ _2"/>ted as defined contribution plans. The contributions are DKK 3m in 2023 (2022: DKK 4m). </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The collective funding r<span class="_ _2"/>atio at Alecta amounts to 1<span class="_ _24e"/>78% as per September 2023 (September 2022: 189%). For 202<span class="_ _2"/>4,<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the contributions are e<span class="_ _2"/>xpected to be DKK 3m. DFDS’ share of the multi-employ<span class="_ _3"/>er plan is around 0<span class="_ _2"/>.0048% and the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">liability follows the shar<span class="_ _2"/>e of the total plan.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:164.4375px;"><span style="position: absolute; display: inline-block; left: 0px; top: 0.0078125px; width: 410.742px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 129.006px; display: inline-block;">Based on actuarial calcula</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 211.131px; display: inline-block;">tions the defined benefit plans show the follo</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 71.5312px; display: inline-block;">wing liabilities:</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 20.7129px; width: 519.574px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 52.6699px; display: inline-block;">DKK million</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 374.027px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 24.8379px; display: inline-block;">2023</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.244px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="width: 23.7949px; display: inline-block;">2022</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 42.7285px; width: 521.947px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 43.2539px; display: inline-block;">Present v</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 194.32px; display: inline-block;">alue of funded defined benefit obligations</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 196.236px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 18.1582px; display: inline-block;">658</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.0332px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 20.4082px; display: inline-block;">629 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 57.9473px; width: 521.689px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 105px; display: inline-block;">Fair value of plan asse</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 8.67773px; display: inline-block;">ts</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 316.6px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 22.0078px; display: inline-block;">-650</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.4179px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 23.4492px; display: inline-block;">-619 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 79.9922px; width: 521.707px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 184.963px; display: inline-block;">Funded defined benefit obligations, net</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 259.893px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.31055px; display: inline-block;">8</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.5877px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.06825px; letter-spacing: -0.06825px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 4.11914px; display: inline-block;"> </span>10 </span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 95.1973px; width: 521.783px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 43.2539px; display: inline-block;">Present v</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 205.834px; display: inline-block;">alue of unfunded defined benefit obligations</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 190.828px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.082px; display: inline-block;">56</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0977px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 14.1504px; display: inline-block;">54 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 117.242px; width: 521.543px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 246.299px; display: inline-block;">Recognised liabilities for defined benefit obligations</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 192.287px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.6855px; display: inline-block;">64</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 64 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 132.432px; width: 521.766px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 15.9258px; display: inline-block;">Pro</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 118.729px; display: inline-block;">vision for jubilee liabilities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 305.133px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.0234px; display: inline-block;">26</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.7188px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.195px; letter-spacing: -0.195px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 13.6992px; display: inline-block;">24 </span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 153.195px; width: 521.467px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 132.088px; display: inline-block;">otal actuarial liabilities, net</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 301.623px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.7676px; display: inline-block;">90</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0801px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 88 </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:426.998046875px;"><span style="position: absolute; display: inline-block; left: 0px; top: 0.0097656px; width: 519.574px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 52.6699px; display: inline-block;">DKK million</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 374.027px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 24.8379px; display: inline-block;">2023</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.244px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="width: 23.7949px; display: inline-block;">2022</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 22.0547px; width: 323.672px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 20.0098px; display: inline-block;">Mov</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 126.879px; display: inline-block;">ements in the net present v</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 177.709px; display: inline-block;">alue of funded and unfunded defined </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 35.5703px; width: 517.506px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 89.2148px; display: inline-block;">benefit obligations</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 426.229px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 50.7598px; width: 521.807px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 165.463px; display: inline-block;">Funded and unfunded obligations a</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 51.6387px; display: inline-block;">t 1 January</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 216.31px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 18.293px; display: inline-block;">683</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.4062px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 1,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.3438px; display: inline-block;">082 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 65.9785px; width: 521.719px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 43.002px; display: inline-block;">Foreign e</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 101.344px; display: inline-block;">xchange adjustments</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 296.853px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 11.0977px; display: inline-block;">15</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.0332px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -56 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 81.1973px; width: 521.443px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 98.6074px; display: inline-block;">Current service costs</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 346.852px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.07617px; display: inline-block;">8</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.6386px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.16575px; letter-spacing: -0.16575px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span>14 </span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 96.416px; width: 521.672px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 63.293px; display: inline-block;">Interest costs</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 376.305px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 11.9355px; display: inline-block;">32</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.6386px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.08775px; letter-spacing: -0.08775px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span>18 </span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 111.635px; width: 521.596px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 154.383px; display: inline-block;">Actuarial gain(-)/loss(+) arising fr</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 194.982px; display: inline-block;">om changes in demographic assumptions</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.9435px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 8.21484px; display: inline-block;">-2</span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.13281px; display: inline-block;">7</span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; width: 63.627px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 7.38281px; display: inline-block;">1 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 126.854px; width: 521.947px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 154.383px; display: inline-block;">Actuarial gain(-)/loss(+) arising fr</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 172.957px; display: inline-block;">om changes in financial assumptions</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 112.564px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 11.877px; display: inline-block;">42</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -343 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 142.072px; width: 521.537px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 84.5273px; display: inline-block;">Past service costs</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 360.826px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 4.42969px; display: inline-block;"> </span>-1</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 157.291px; width: 521.543px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 61.4883px; display: inline-block;">Benefits paid</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 374.027px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 15.6914px; display: inline-block;">-39</span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; width: 50.0332px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> -33 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 178.055px; width: 521.584px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 167.086px; display: inline-block;">Funded and unfunded obligations a</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 68.9941px; display: inline-block;">t 31 December</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 198.556px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.08775px; letter-spacing: -0.08775px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 17.6133px; display: inline-block;">714</span><span style="word-spacing: 0.08775px; letter-spacing: -0.08775px; display: inline-block; margin-left: 0px; width: 45.0529px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> 683 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 200.07px; width: 517.236px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 20.0098px; display: inline-block;">Mov</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 270.188px; display: inline-block;">ements in the fair value of the defined benefit plan assets</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 225.44px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 215.26px; width: 521.977px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 114.539px; display: inline-block;">Plan assets at 1 January</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 315.457px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 21.2402px; display: inline-block;">-619</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.0391px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 28.3945px; display: inline-block;">1,054 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 230.479px; width: 521.602px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 43.002px; display: inline-block;">Foreign e</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 101.344px; display: inline-block;">xchange adjustments</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 294.035px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 13.0195px; display: inline-block;">-14</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 57.1875px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="word-spacing: 0.24375px; letter-spacing: -0.24375px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 11.2734px; display: inline-block;">57</span><span style="word-spacing: 0.24375px; letter-spacing: -0.24375px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 245.713px; width: 521.514px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 76.1191px; display: inline-block;">Calculated inter</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 51.0469px; display: inline-block;">est income</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 310.359px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 14.6836px; display: inline-block;">-31</span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; width: 49.3125px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 13.5527px; display: inline-block;">19 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 260.932px; width: 522.006px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 109.254px; display: inline-block;">Return on plan assets e</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 77.5547px; display: inline-block;">xcluding calcula</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 89.9473px; display: inline-block;">ted interest income</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 169.986px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 5.87109px; display: inline-block;">2</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.0332px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 20.2852px; display: inline-block;">385 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 276.15px; width: 521.818px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 138.891px; display: inline-block;">Costs of managing the assets</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 306.551px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.07031px; display: inline-block;">3</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 3 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 291.369px; width: 521.566px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 63.709px; display: inline-block;">Employer con</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 44.25px; display: inline-block;">tributions</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 329.262px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 8.21484px; display: inline-block;">-2</span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.16797px; display: inline-block;">2</span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; width: 50.4727px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 13.2539px; display: inline-block;">21 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 306.588px; width: 521.789px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 61.4883px; display: inline-block;">Benefits paid</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 378.716px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 11.2324px; display: inline-block;">31</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0977px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 14.2559px; display: inline-block;">29 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 327.352px; width: 521.268px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 132.961px; display: inline-block;">Plan assets at 31 December</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 296.033px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 22.5762px; display: inline-block;">-650</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.5489px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -619 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 349.367px; width: 517.734px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 144.252px; display: inline-block;">Plan assets consist of the follo</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 25.6758px; display: inline-block;">wing:</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 346.207px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 364.557px; width: 521.414px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 126.756px; display: inline-block;">Cash and cash equivalents</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 314.842px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 9.61523px; display: inline-block;">-3</span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; width: 50.0332px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> -53 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 379.775px; width: 521.719px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 121.031px; display: inline-block;">Blended investment funds</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 308.836px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 21.832px; display: inline-block;">-645</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.5489px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -564 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 394.994px; width: 521.473px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 100.928px; display: inline-block;">Other assets (primaril</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 72.9902px; display: inline-block;">y insured plans)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 269.174px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 8.21484px; display: inline-block;">-2</span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span>-2</span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 415.758px; width: 521.795px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 76.2949px; display: inline-block;">otal plan assets</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 347.496px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 22.5762px; display: inline-block;">-650</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.1054px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -619 </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">3<span class="_ _3"/>.2.4 <span class="_ _b8"> </span>Pension and jubilee liabilities <span class="ff3">(<span class="_ _2"/>continued)</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:251.591796875px;"><span style="position: absolute; display: inline-block; left: 0px; top: 0.0097656px; width: 519.574px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 52.6699px; display: inline-block;">DKK million</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 374.027px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 24.8379px; display: inline-block;">2023</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.244px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="width: 23.7949px; display: inline-block;">2022</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 22.0547px; width: 517.23px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 145.793px; display: inline-block;">Expenses recognised as emplo</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 127.418px; display: inline-block;">yee costs in the income sta</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 37.002px; display: inline-block;">tement:</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 205.881px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 37.2441px; width: 521.707px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 98.6074px; display: inline-block;">Current service costs</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 346.852px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.07617px; display: inline-block;">8</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.7188px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.16575px; letter-spacing: -0.16575px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 10.8457px; display: inline-block;">14</span><span style="word-spacing: 0.16575px; letter-spacing: -0.16575px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 52.4629px; width: 521.602px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 84.5273px; display: inline-block;">Past service costs</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 360.826px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span>-1</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 73.2266px; width: 521.771px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 110.561px; display: inline-block;">otal included in employ</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 190.412px; display: inline-block;">ee costs regarding defined benefit plans</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 139.734px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.31055px; display: inline-block;">8</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.7188px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.08775px; letter-spacing: -0.08775px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 13.7285px; display: inline-block;">14 </span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 95.2422px; width: 517.535px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 305.402px; display: inline-block;">Expenses recognised as financial costs in the income statement:</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 210.07px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 110.432px; width: 521.537px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 63.293px; display: inline-block;">Interest costs</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 376.305px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 11.9355px; display: inline-block;">32</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.7188px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.08775px; letter-spacing: -0.08775px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 13.2832px; display: inline-block;">18 </span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 125.65px; width: 521.643px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 72.3984px; display: inline-block;">Interest income</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 364.324px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 14.6836px; display: inline-block;">-31</span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; width: 51.5917px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 13.5527px; display: inline-block;">19 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 146.43px; width: 521.66px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 296.162px; display: inline-block;">otal included in financial costs regarding defined benefit plans</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 144.158px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.07617px; display: inline-block;">2</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6406px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.44922px; display: inline-block;">0 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 167.164px; width: 521.338px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 72.1406px; display: inline-block;">otal expenses f</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 283.453px; display: inline-block;">or defined benefit plans recognised in the income statement</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 84.8261px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.38086px; display: inline-block;">9</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0977px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.08775px; letter-spacing: -0.08775px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 13.7285px; display: inline-block;">14 </span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 189.18px; width: 517.787px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 207.316px; display: inline-block;">Expenses recognised in other comprehensiv</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 119.771px; display: inline-block;">e income, gain(-)/loss(+):</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 189.504px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 204.369px; width: 521.707px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 149.326px; display: inline-block;">Remeasurements of plan obliga</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 22.6641px; display: inline-block;">tions</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 269.174px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 11.127px; display: inline-block;">16</span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; width: 43.7636px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> -342 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 219.588px; width: 521.531px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 150.463px; display: inline-block;">Remeasurements of plan assets</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 295.008px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.15234px; display: inline-block;">6</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.0529px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 388 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 240.352px; width: 521.625px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 169.652px; display: inline-block;">otal included in other comprehensiv</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 193.775px; display: inline-block;">e income regarding defined benefit plans</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.8185px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 11.6074px; display: inline-block;">21</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 14.7422px; display: inline-block;">46 </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Actuarial calculations or r<span class="_ _2"/>oll forward calculations ar<span class="_ _2"/>e performed annually for all defined benefit plans. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Assumptions regar<span class="_ _2"/>ding future mortality are based on actuarial a<span class="_ _3"/>dvice in accordance with published sta<span class="_ _2"/>tistics and<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">experience in each coun<span class="_ _3"/>try<span class="_ _3"/>. The following significant assump<span class="_ _3"/>tions have been used f<span class="_ _3"/>or the actuarial calculations.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:248.361328125px;"><span style="position: absolute; display: inline-block; left: 0px; top: 0.0078125px; width: 517.523px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 64.5996px; display: inline-block;">Assumptions:</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 314.842px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 65.7127px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 66.1815px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 353.969px; top: 9.24414px; width: 32.5254px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 32.8008px; display: inline-block;">United </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.49588px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 474.672px; top: 9.24414px; width: 44.6953px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 9.62695px; display: inline-block;">W</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 35.5312px; display: inline-block;">eighted</span></span><span style="position: absolute; display: inline-block; left: 519.562px; top: 24.6152px; width: 3.28125px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 5.68425px; font-family: ffa; -webkit-text-stroke-width: 0.0852637px;"><span style="width: 3.28125px; display: inline-block;">1</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 22.7734px; width: 24.8379px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 24.8379px; display: inline-block;">2023</span></span><span style="position: absolute; display: inline-block; left: 341.516px; top: 22.7441px; width: 109.395px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 41.4668px; display: inline-block;">Kingdom</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.4922px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 31.4355px; display: inline-block;">Others</span></span><span style="position: absolute; display: inline-block; left: 478.203px; top: 22.7441px; width: 40.8809px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 11.5254px; display: inline-block;">av</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 29.8184px; display: inline-block;">erage </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 44.7598px; width: 519.668px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 53.5781px; display: inline-block;">Discount ra</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 9.43359px; display: inline-block;">te</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 297.885px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 23.209px; display: inline-block;">4.5%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 19.2304px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 35.0156px; display: inline-block;">1.5%-4.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 14.3086px; display: inline-block;">5%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.0529px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 23.2852px; display: inline-block;">4.4%</span></span><span style="position: absolute; display: inline-block; left: 89.5469px; top: 61.8496px; width: 4.74023px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 5.68425px; font-family: ffa; -webkit-text-stroke-width: 0.0852637px;"><span style="display: inline-block;"> 2</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 59.9785px; width: 89.8008px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 80.8301px; display: inline-block;">Social security ra</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 9.43359px; display: inline-block;">te</span></span><span style="position: absolute; display: inline-block; left: 360.688px; top: 59.9785px; width: 158.303px; white-space: pre; word-spacing: 0.585px; letter-spacing: -0.585px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 13.5059px; display: inline-block;">0.0</span><span style="word-spacing: 0.585px; letter-spacing: -0.585px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 7.79297px; display: inline-block;">%</span><span style="word-spacing: 0.585px; letter-spacing: -0.585px; display: inline-block; margin-left: 0px; width: 19.7285px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 2.90039px; display: inline-block;">.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 27.2637px; display: inline-block;">0%-3.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 14.4434px; display: inline-block;">3%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.6154px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.585px; letter-spacing: -0.585px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 13.5059px; display: inline-block;">0.0</span><span style="word-spacing: 0.585px; letter-spacing: -0.585px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 7.79297px; display: inline-block;">%</span></span></span></span><span style="position: absolute; display: inline-block; left: 103.734px; top: 77.0684px; width: 4.74023px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 5.68425px; font-family: ffa; -webkit-text-stroke-width: 0.0852637px;"><span style="display: inline-block;"> 2</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 75.1973px; width: 103.67px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 81.2578px; display: inline-block;">Future salary incr</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 22.875px; display: inline-block;">ease</span></span><span style="position: absolute; display: inline-block; left: 360.688px; top: 75.1973px; width: 158.959px; white-space: pre; word-spacing: 0.585px; letter-spacing: -0.585px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 13.5059px; display: inline-block;">0.0</span><span style="word-spacing: 0.585px; letter-spacing: -0.585px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 7.79297px; display: inline-block;">%</span><span style="word-spacing: 0.585px; letter-spacing: -0.585px; display: inline-block; margin-left: 0px; width: 20.4317px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 2.90039px; display: inline-block;">.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 27.2637px; display: inline-block;">0%-3.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 14.3086px; display: inline-block;">5%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.0529px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 23.3262px; display: inline-block;">0.2%</span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 90.416px; width: 519.779px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 88.6406px; display: inline-block;">Future pension incr</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 22.875px; display: inline-block;">ease</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 249.873px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 23.209px; display: inline-block;">3.2%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 19.2304px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 21.1992px; display: inline-block;">.0%-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 23.209px; display: inline-block;">2.3%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.6482px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 23.3145px; display: inline-block;">2.9%</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 105.635px; width: 519.768px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 38.5078px; display: inline-block;">Inflation</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 322.371px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.76562px; display: inline-block;">2.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 14.3086px; display: inline-block;">5%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 13.7696px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 21.1992px; display: inline-block;">.0%-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 14.8301px; display: inline-block;">23.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 14.5488px; display: inline-block;">9%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.0529px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 23.2969px; display: inline-block;">2.6%</span></span><span style="position: absolute; display: inline-block; left: 353.969px; top: 140.729px; width: 32.5254px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 32.8008px; display: inline-block;">United </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.49588px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 474.672px; top: 140.729px; width: 44.6953px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 9.62695px; display: inline-block;">W</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 35.5312px; display: inline-block;">eighted</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 154.244px; width: 23.7949px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 23.7949px; display: inline-block;">2022</span></span><span style="position: absolute; display: inline-block; left: 341.516px; top: 154.244px; width: 109.395px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 41.4668px; display: inline-block;">Kingdom</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.4922px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 31.4355px; display: inline-block;">Others</span></span><span style="position: absolute; display: inline-block; left: 478.203px; top: 154.244px; width: 44.9707px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 11.5254px; display: inline-block;">av</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 29.8184px; display: inline-block;">erage </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ffa; -webkit-text-stroke-width: 0.14625px;"><span style="width: 4.08984px; display: inline-block;">¹</span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 176.26px; width: 519.34px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 53.5781px; display: inline-block;">Discount ra</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 9.43359px; display: inline-block;">te</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 297.885px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 23.4492px; display: inline-block;">4.9%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 16.0723px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 9.92578px; display: inline-block;">-0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 27.0879px; display: inline-block;">.4%-3</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 2.90039px; display: inline-block;">.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 14.209px; display: inline-block;">7%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.6154px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.90625px; display: inline-block;">4.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 14.209px; display: inline-block;">7%</span></span><span style="position: absolute; display: inline-block; left: 89.5469px; top: 193.35px; width: 4.74023px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 5.68425px; font-family: ffa; -webkit-text-stroke-width: 0.0852637px;"><span style="display: inline-block;"> 2</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 191.479px; width: 89.8008px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 80.8301px; display: inline-block;">Social security ra</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 9.43359px; display: inline-block;">te</span></span><span style="position: absolute; display: inline-block; left: 360.688px; top: 191.463px; width: 157.887px; white-space: pre; word-spacing: 0.585px; letter-spacing: -0.585px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 13.5059px; display: inline-block;">0.0</span><span style="word-spacing: 0.585px; letter-spacing: -0.585px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 7.79297px; display: inline-block;">%</span><span style="word-spacing: 0.585px; letter-spacing: -0.585px; display: inline-block; margin-left: 0px; width: 20.4317px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 2.90039px; display: inline-block;">.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 27.2637px; display: inline-block;">0%-3.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 14.3086px; display: inline-block;">5%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.6154px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.585px; letter-spacing: -0.585px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 13.5059px; display: inline-block;">0.0</span><span style="word-spacing: 0.585px; letter-spacing: -0.585px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 7.79297px; display: inline-block;">%</span></span></span></span><span style="position: absolute; display: inline-block; left: 103.734px; top: 208.553px; width: 4.74023px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 5.68425px; font-family: ffa; -webkit-text-stroke-width: 0.0852637px;"><span style="display: inline-block;"> 2</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 206.682px; width: 103.67px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 81.2578px; display: inline-block;">Future salary incr</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 22.875px; display: inline-block;">ease</span></span><span style="position: absolute; display: inline-block; left: 360.688px; top: 206.682px; width: 158.561px; white-space: pre; word-spacing: 0.585px; letter-spacing: -0.585px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 13.5059px; display: inline-block;">0.0</span><span style="word-spacing: 0.585px; letter-spacing: -0.585px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 7.79297px; display: inline-block;">%</span><span style="word-spacing: 0.585px; letter-spacing: -0.585px; display: inline-block; margin-left: 0px; width: 19.7285px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 9.08203px; display: inline-block;">0.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 27.2637px; display: inline-block;">0%-3.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 14.4551px; display: inline-block;">8%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.6154px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 17.1445px; display: inline-block;">.2%</span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 221.9px; width: 519.779px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 88.6406px; display: inline-block;">Future pension incr</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 22.875px; display: inline-block;">ease</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 249.873px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 23.209px; display: inline-block;">3.2%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 19.2304px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 21.1992px; display: inline-block;">.0%-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 23.209px; display: inline-block;">2.3%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.6482px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 23.3145px; display: inline-block;">2.9%</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 237.119px; width: 518.801px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 38.5078px; display: inline-block;">Inflation</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 322.371px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.76562px; display: inline-block;">2.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 14.3086px; display: inline-block;">5%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 13.7696px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 21.1992px; display: inline-block;">.0%-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 14.8301px; display: inline-block;">23.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 14.5488px; display: inline-block;">9%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.6154px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.43875px; letter-spacing: -0.43875px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 21.7676px; display: inline-block;">3.0%</span></span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Significant actuarial assumptions for the de<span class="_ _3"/>termination of the r<span class="_ _3"/>etirement benefit obliga<span class="_ _2"/>tion are the discount rat<span class="_ _3"/>e, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">expected futur<span class="_ _2"/>e remunera<span class="_ _3"/>tion increases, and e<span class="_ _3"/>xpected mortality<span class="_ _2"/>. The sensitivity analysis belo<span class="_ _3"/>w has been </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">determined based on reasonabl<span class="_ _2"/>y likel<span class="_ _3"/>y changes in the assumptions occurring at the end of the period.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:139.8125px;"><span style="position: absolute; display: inline-block; left: 0px; top: 0.0097656px; width: 519.574px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 52.6699px; display: inline-block;">DKK million</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 374.027px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 24.8379px; display: inline-block;">2023</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.244px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="width: 23.7949px; display: inline-block;">2022</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 22.0547px; width: 517.506px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 78.9492px; display: inline-block;">Sensitivity analy</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 12.7734px; display: inline-block;">sis</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 424.185px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 37.2441px; width: 521.748px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 157.711px; display: inline-block;">Reported obligation 31 December</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 276.984px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.16575px; letter-spacing: -0.16575px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 16.5117px; display: inline-block;">714</span><span style="word-spacing: 0.16575px; letter-spacing: -0.16575px; display: inline-block; margin-left: 0px; width: 50.0332px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 20.5078px; display: inline-block;">683 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 52.4629px; width: 522.117px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 53.5781px; display: inline-block;">Discount ra</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 21.5684px; display: inline-block;">te -0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 82.1777px; display: inline-block;">.5% point compar</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 85.8398px; display: inline-block;">ed to assumptions</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 192.287px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.32175px; letter-spacing: -0.32175px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 11.1152px; display: inline-block;">75</span><span style="word-spacing: 0.32175px; letter-spacing: -0.32175px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.85352px; display: inline-block;">9</span><span style="word-spacing: 0.32175px; letter-spacing: -0.32175px; display: inline-block; margin-left: 0px; width: 51.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 19.9922px; display: inline-block;">728 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 67.6973px; width: 521.771px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 53.5781px; display: inline-block;">Discount ra</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 24.0059px; display: inline-block;">te +0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 82.1777px; display: inline-block;">.5% point compar</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 85.8398px; display: inline-block;">ed to assumptions</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 190.172px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.77025px; letter-spacing: -0.77025px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.38477px; display: inline-block;">6</span><span style="word-spacing: 0.77025px; letter-spacing: -0.77025px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 10.3008px; display: inline-block;">74</span><span style="word-spacing: 0.77025px; letter-spacing: -0.77025px; display: inline-block; margin-left: 0px; width: 51.5917px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 19.541px; display: inline-block;">641 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 82.916px; width: 521.889px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 85.1484px; display: inline-block;">Salary increase -0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 82.1777px; display: inline-block;">.5% point compar</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 85.8398px; display: inline-block;">ed to assumptions</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 183.041px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 17.0684px; display: inline-block;">713</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.0332px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 20.3145px; display: inline-block;">682 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 98.1348px; width: 521.947px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 87.5859px; display: inline-block;">Salary increase +0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 82.1777px; display: inline-block;">.5% point compar</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 85.8398px; display: inline-block;">ed to assumptions</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 180.744px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 16.9277px; display: inline-block;">715</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.0332px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 20.373px; display: inline-block;">685 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 113.354px; width: 521.994px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 47.6602px; display: inline-block;">Mortality -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 201.984px; display: inline-block;">1 year compared with used mortality tables</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 185.109px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.32175px; letter-spacing: -0.32175px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 11.373px; display: inline-block;">70</span><span style="word-spacing: 0.32175px; letter-spacing: -0.32175px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.54883px; display: inline-block;">2</span><span style="word-spacing: 0.32175px; letter-spacing: -0.32175px; display: inline-block; margin-left: 0px; width: 51.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 19.6875px; display: inline-block;">661 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 128.572px; width: 521.906px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 252.082px; display: inline-block;">Mortality +1 year compared with used mortality tables</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 181.658px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.195px; letter-spacing: -0.195px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 17.291px; display: inline-block;">729</span><span style="word-spacing: 0.195px; letter-spacing: -0.195px; display: inline-block; margin-left: 0px; width: 50.4727px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 20.4023px; display: inline-block;">709 </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The mortality table used for the two defined benefit schemes in the United Kingdom is the public S3PxA table with </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">annual impro<span class="_ _3"/>vement of 1.25% (2022: S3PxA table with 1.25% annual impr<span class="_ _3"/>ovement). A<span class="_ _2"/>verage r<span class="_ _2"/>emaining life </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">expectanc<span class="_ _2"/>y for a 65-year<span class="_ _3"/>-old is 22.<span class="_ _2"/>7 years (2022: 23<span class="_ _3"/>.<span class="_ _3"/>5 years). W<span class="_ _2"/>eighted aver<span class="_ _3"/>age dura<span class="_ _2"/>tion on the liabilities end of<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2023 is 16<span class="_ _2"/>.9 years (2022: 13<span class="_ _2"/>.3 years). The Gr<span class="_ _2"/>oup expects to make a contribution of DKK 28m to the defined benefit </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">plans in 2024. The e<span class="_ _3"/>xpected contribution for 2023 w<span class="_ _3"/>as DKK 31m, which also turned out to be the actual </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">contribution.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:99.685546875px;"><span style="position: absolute; display: inline-block; left: 0px; top: 0.0097656px; width: 519.574px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 52.6699px; display: inline-block;">DKK million</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 374.027px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 24.8379px; display: inline-block;">2023</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.244px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="width: 23.7949px; display: inline-block;">2022</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 22.0547px; width: 517.219px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 64.3418px; display: inline-block;">Maturity anal</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 103.061px; display: inline-block;">ysis of the obligations</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 348.621px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 37.2441px; width: 521.613px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 9.92578px; display: inline-block;">0-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 28.2188px; display: inline-block;">1 year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 402.709px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 11.1738px; display: inline-block;">41</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0977px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 14.3555px; display: inline-block;">38 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 52.4629px; width: 521.76px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.16797px; display: inline-block;">1</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 37.7168px; display: inline-block;">-5 years</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 392.355px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.16575px; letter-spacing: -0.16575px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 16.834px; display: inline-block;">146</span><span style="word-spacing: 0.16575px; letter-spacing: -0.16575px; display: inline-block; margin-left: 0px; width: 48.9315px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> 126 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 67.6816px; width: 521.801px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 38.5723px; display: inline-block;">After 5 y</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.7305px; display: inline-block;">ears</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 374.555px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 17.877px; display: inline-block;">528</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.9315px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 518 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 88.4453px; width: 521.496px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 74.959px; display: inline-block;">otal obligations</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 353.549px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.08775px; letter-spacing: -0.08775px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 17.6133px; display: inline-block;">714</span><span style="word-spacing: 0.08775px; letter-spacing: -0.08775px; display: inline-block; margin-left: 0px; width: 45.0529px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> 683 </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">1 <span class="_ _3a"> </span>All factors ar<span class="_ _2"/>e weighted <span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">at the pr<span class="_ _3"/>o ra<span class="_ _3"/>ta share of <span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the individual actuarial <span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ob ligation.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2 <span class="_ _3b"> </span>Schemes closed for new </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">members will hav<span class="_ _3"/>e a social </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">security ra<span class="_ _3"/>te and future <span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">salary increase of 0%.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">3<span class="_ _3"/>.2.4 <span class="_ _b8"> </span>Pension and jubilee liabilities <span class="ff3">(<span class="_ _2"/>continued)</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> Accounting <span class="_ _4c"> </span>policies<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Contributions to defined contribution pension plans are r<span class="_ _2"/>ecognised in the income statement in the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">period in which they r<span class="_ _3"/>elate, and an<span class="_ _3"/>y payable contributions ar<span class="_ _2"/>e accrued in the balance sheet as other </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">pay<span class="_ _3"/>ables. As regar<span class="_ _3"/>ds defined benefit pension plans, an actuarial val<span class="_ _3"/>uation of the value in use of futur<span class="_ _2"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">benefits pay<span class="_ _3"/>able under the plan is made once a year<span class="_ _24e"/>. The value in use is calculated based on </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">assumptions of future de<span class="_ _2"/>velopment in wage/<span class="_ _2"/>salar<span class="_ _4"/>y levels, inter<span class="_ _2"/>est rates, infla<span class="_ _3"/>tion, mortality<span class="_ _2"/>, etc. The </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">value in use is onl<span class="_ _2"/>y calculated for benefits to which the employ<span class="_ _3"/>ees have become en<span class="_ _3"/>titled during their </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">employment with the Gr<span class="_ _3"/>oup. The actuarial calcula<span class="_ _3"/>tion of the value in use less the fair v<span class="_ _3"/>alue of any </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">assets under the plan is recognised in the balance shee<span class="_ _3"/>t under pension obligations. If a defined benefit </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">pension plan constitutes a net asset, the asset is r<span class="_ _3"/>ecognised only if it offse<span class="_ _3"/>ts future r<span class="_ _3"/>efunds from the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">plan or will lead to r<span class="_ _3"/>educed future pa<span class="_ _3"/>yments to the plan. Pension costs of the year ar<span class="_ _2"/>e recognised in the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">income statement based on a<span class="_ _3"/>ctuarial estimates and financial e<span class="_ _3"/>xpectations a<span class="_ _3"/>t the beginning of the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">year<span class="_ _24e"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The difference be<span class="_ _3"/>tween the calculated de<span class="_ _2"/>velopment in pension assets and liabilities and the realised </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">values ar<span class="_ _3"/>e recognised in other compr<span class="_ _2"/>ehensive income as actuarial gains and losses.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Changes in the benefits pay<span class="_ _3"/>able for employ<span class="_ _3"/>ees’ past service to the enterprise result in an a<span class="_ _3"/>djustment </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of the actuarial calculation of the v<span class="_ _2"/>alue<span class="_ _4"/>-in-use, which is classified as past service costs. Past service </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">costs are r<span class="_ _2"/>ecognised in the income statement immediatel<span class="_ _2"/>y if the employees have alr<span class="_ _2"/>eady earned the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">right to the adjusted benefit. Otherwise, the benefits will be r<span class="_ _3"/>ecognised in the income statement o<span class="_ _3"/>ver </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the period in which the employees earn the righ<span class="_ _3"/>t to the adjusted benefits. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Other non-current employ<span class="_ _3"/>ee obligations include jubilee benefits, etc<span class="_ _3"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">5<span class="_ _3"/>.1<span class="_ _4"/> <span class="_ _85"> </span>Remunera<span class="_ _2"/>tion to the Executiv<span class="_ _2"/>e Board and Board of Dir<span class="_ _3"/>ectors</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:263.404296875px;"><span style="position: absolute; display: inline-block; left: 0px; top: 0.0097656px; width: 797.684px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 44.666px; display: inline-block;">DKK ‘000</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 660.143px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 24.8379px; display: inline-block;">2023</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.244px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 23.7949px; display: inline-block;">2022</span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 22.0547px; width: 175.857px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 110.344px; display: inline-block;">Remuneration to the Ex</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 66.3809px; display: inline-block;">ecutive Board</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 40.6504px; width: 800.115px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 9.62695px; display: inline-block;">W</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 83.1621px; display: inline-block;">ages and salaries</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 603.518px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 3.74414px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 14.1328px; display: inline-block;">13,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.1992px; display: inline-block;">700</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.3027px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -13</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 22.4648px; display: inline-block;">,410 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 55.8691px; width: 797.654px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 39.7559px; display: inline-block;">Exit cost</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 660.143px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 3.74414px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 26.6895px; display: inline-block;">2,355</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.0429px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 3.74414px; display: inline-block;">-</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 71.0879px; width: 800.109px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 28.9922px; display: inline-block;">Bonus</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 672.93px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 23.0508px; display: inline-block;">-8,11</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.83594px; display: inline-block;">7</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.3027px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 11.3496px; display: inline-block;">10</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 23.4492px; display: inline-block;">,640 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 86.3066px; width: 799.611px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 162.129px; display: inline-block;">Defined contribution pension plans</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 538.916px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 7.64648px; display: inline-block;">-1</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 2.26758px; display: inline-block;">,</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.43164px; display: inline-block;">3</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 10.7461px; display: inline-block;">70</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 35.8946px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> -1,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.4531px; display: inline-block;">341 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 101.525px; width: 799.676px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 74.1621px; display: inline-block;">Share based pa</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 29.2031px; display: inline-block;">yment</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 596.771px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 9.67383px; display: inline-block;">-5</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 2.90039px; display: inline-block;">,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.2871px; display: inline-block;">950</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.6641px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -4,4</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.83594px; display: inline-block;">7</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 8.2207px; display: inline-block;">4 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 116.744px; width: 799.793px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 102.234px; display: inline-block;">Other employee costs</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 605.46px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 21.8555px; display: inline-block;">-459</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.4179px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 23.8242px; display: inline-block;">-455 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 137.508px; width: 799.605px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 67.6992px; display: inline-block;">otal remunera</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 127.447px; display: inline-block;">tion to the Executive Board</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 494.096px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 18.5098px; display: inline-block;">-31,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.0234px; display: inline-block;">951</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 30.6621px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 16.3945px; display: inline-block;">-30</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 23.7949px; display: inline-block;">,320 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 157.369px; width: 797.977px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.95898px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 60.0703px; display: inline-block;">otal remuner</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 77.918px; display: inline-block;">ation to the Boar</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 6.15234px; display: inline-block;">d</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 551.104px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 30.9375px; display: inline-block;">-4,500</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.0664px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 30.9375px; display: inline-block;">-4,500</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 175.135px; width: 797.689px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.95898px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 60.0703px; display: inline-block;">otal remuner</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 119.637px; display: inline-block;">ation to the Audit Commit</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 15.1758px; display: inline-block;">tee</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 508.946px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 22.0371px; display: inline-block;">-500</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.996px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 22.0371px; display: inline-block;">-500</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 192.9px; width: 797.361px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.95898px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 60.0703px; display: inline-block;">otal remuner</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 149.402px; display: inline-block;">ation to the Nomination Commit</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 15.1758px; display: inline-block;">tee</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 480.825px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 3.74414px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 17.2793px; display: inline-block;">150</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7832px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 3.74414px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 17.2793px; display: inline-block;">150</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 210.666px; width: 240.27px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.95898px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 60.0703px; display: inline-block;">otal remuner</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 97.6758px; display: inline-block;">ation to the Remuner</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 78.7324px; display: inline-block;">ation Committee</span></span><span style="position: absolute; display: inline-block; left: 708.859px; top: 212.791px; width: 88.0957px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 3.74414px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 17.2793px; display: inline-block;">150</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7832px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 3.74414px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 17.2793px; display: inline-block;">150</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 231.43px; width: 797.678px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 67.6992px; display: inline-block;">otal remunera</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 136.066px; display: inline-block;">tion to the Board of Directors</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 490.301px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 9.82031px; display: inline-block;">-5</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 22.0488px; display: inline-block;">,300</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.4922px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.7969px; display: inline-block;">-5,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.0723px; display: inline-block;">300</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 252.164px; width: 797.572px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 67.6992px; display: inline-block;">otal remunera</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 172.939px; display: inline-block;">tion to the Executive Board and Boar</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 63.5625px; display: inline-block;">d of Directors</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 386.543px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 3.70898px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 12.3281px; display: inline-block;">37</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.6953px; display: inline-block;">,251</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.3027px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 15.3867px; display: inline-block;">35,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.832px; display: inline-block;">620</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The termination period for the Ex<span class="_ _2"/>ecutive Board is 12 months. Further<span class="_ _24e"/>, the CEO has additional 12 months redundancy </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">payment. In connection with a change of contr<span class="_ _2"/>ol of the Group, the members of the Executiv<span class="_ _3"/>e Board can – within the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">first 3 months of the ev<span class="_ _3"/>ent - terminate their emplo<span class="_ _3"/>yment with the same effect as if the Company had giv<span class="_ _2"/>en notice of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">termination of emplo<span class="_ _3"/>yment to the Executiv<span class="_ _3"/>e Board. K<span class="_ _2"/>ey management personnel is defined as the Executiv<span class="_ _3"/>e Board </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">consisting of CEO T<span class="_ _24e"/>orben Carlsen and CFO Karina Deacon.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Remunera<span class="_ _3"/>tion to the chair of the Audit Committee is DKK 250k per y<span class="_ _2"/>ear (2022: DKK 250k) and remuneration t<span class="_ _3"/>o </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">other members of the Audit Commit<span class="_ _3"/>tee is DKK 125k per year (2022: DKK 125k) each. Remuner<span class="_ _2"/>ation to each of the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">three members of the Remuner<span class="_ _2"/>ation and Nomination Committee is DKK 100k per y<span class="_ _3"/>ear (2022: DKK 100k).</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2.4 <span class="_ _27"> </span>Employ<span class="_ _2"/>ee costs</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:182.5625px;"><span style="position: absolute; display: inline-block; left: 0px; top: 0.0097656px; width: 519.574px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 52.6699px; display: inline-block;">DKK million</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 374.027px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 24.8379px; display: inline-block;">2023</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.244px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="width: 23.7949px; display: inline-block;">2022</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 22.0254px; width: 521.578px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 9.62695px; display: inline-block;">W</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 127.418px; display: inline-block;">ages, salaries and remuner</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 24.0645px; display: inline-block;">ation</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 261.117px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 30.9902px; display: inline-block;">-4,604</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.5469px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.709px; display: inline-block;">-3,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.3027px; display: inline-block;">844 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 37.2441px; width: 521.531px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 118.377px; display: inline-block;">Hereof capitalised emplo</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 44.1035px; display: inline-block;">yee costs</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 277.506px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.0176px; display: inline-block;">44</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.6386px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.65325px; letter-spacing: -0.65325px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span>47</span><span style="word-spacing: 0.65325px; letter-spacing: -0.65325px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 52.4629px; width: 521.584px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 162.129px; display: inline-block;">Defined contribution pension plans</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 269.977px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 3.74414px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 16.207px; display: inline-block;">211</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.0529px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 25.3418px; display: inline-block;">- 185 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 67.6816px; width: 521.777px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 138.305px; display: inline-block;">Defined benefit pension plans</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 303.199px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 9.82031px; display: inline-block;">-8</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 19.3477px; display: inline-block;">- 14 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 82.9004px; width: 521.578px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 123.498px; display: inline-block;">Other social security costs</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 307.178px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.16575px; letter-spacing: -0.16575px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 9.42188px; display: inline-block;">-4</span><span style="word-spacing: 0.16575px; letter-spacing: -0.16575px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 10.8457px; display: inline-block;">14</span><span style="word-spacing: 0.16575px; letter-spacing: -0.16575px; display: inline-block; margin-left: 0px; width: 46.9042px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="word-spacing: 0.195px; letter-spacing: -0.195px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 9.42188px; display: inline-block;">-3</span><span style="word-spacing: 0.195px; letter-spacing: -0.195px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 13.5234px; display: inline-block;">72 </span></span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 98.1348px; width: 521.818px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 74.1621px; display: inline-block;">Share based pa</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 29.2031px; display: inline-block;">yment</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 333.65px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 8.21484px; display: inline-block;">-2</span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.37305px; display: inline-block;">8</span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; width: 53.0801px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 18.2051px; display: inline-block;">-30 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 113.354px; width: 521.783px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 102.234px; display: inline-block;">Other employee costs</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 327.791px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 21.6094px; display: inline-block;">-352</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.996px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 24.1523px; display: inline-block;">-333 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 128.572px; width: 521.771px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 54px; display: inline-block;">Governmen</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 41.7422px; display: inline-block;">t grants (</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 30.7266px; display: inline-block;">Covid-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 14.4551px; display: inline-block;">19)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 306.551px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 5.87109px; display: inline-block;">2</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.8594px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 5 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 149.336px; width: 521.777px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 56.7773px; display: inline-block;">otal employ</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 39.4043px; display: inline-block;">ee costs</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 321.105px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.32175px; letter-spacing: -0.32175px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 23.3262px; display: inline-block;">-5,57</span><span style="word-spacing: 0.32175px; letter-spacing: -0.32175px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.75391px; display: inline-block;">2</span><span style="word-spacing: 0.32175px; letter-spacing: -0.32175px; display: inline-block; margin-left: 0px; width: 33.5449px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 9.29297px; display: inline-block;">4,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.5254px; display: inline-block;">726 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 171.322px; width: 522.082px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 133.922px; display: inline-block;">Full time equivalents (FTE), a</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.8652px; display: inline-block;">vera</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 11.8711px; display: inline-block;">ge</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 255.516px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 30.6387px; display: inline-block;">13,191</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 33.0469px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 11,510 </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Reference is ma<span class="_ _3"/>de to note 3<span class="_ _2"/>.2.4 for detailed inf<span class="_ _3"/>ormation on pension plans, note 5<span class="_ _2"/>.1 for detailed information on </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">remuner<span class="_ _2"/>ation of Management and note 5<span class="_ _2"/>.3 for detailed informa<span class="_ _3"/>tion on the Group’<span class="_ _2"/>s share based payment </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">schemes.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> Accounting <span class="_ _4c"> </span>policies<span class="_ _4"/> <span class="_ _fe"> </span><span class="ls0 ws0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">W<span class="_ _3"/>ages, salaries, social security contributions, pension contributions, paid annual leav<span class="_ _2"/>e and sick leave, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">bonuses, and non-monetary benefits are accrued in the y<span class="_ _2"/>ear in which the associated services are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">render<span class="_ _2"/>ed by employees of the Gr<span class="_ _3"/>oup. Where the Gr<span class="_ _2"/>oup provides long-term emplo<span class="_ _2"/>yee benefits, the costs </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are accrued t<span class="_ _3"/>o match the r<span class="_ _3"/>endering of the services by the employees.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> Accounting <span class="_ _4c"> </span>policies<span class="_ _4"/> <span class="_ _fe"> </span><span class="ls0 ws0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">W<span class="_ _3"/>ages, salaries, social security contributions, pension contributions, paid annual leav<span class="_ _2"/>e and sick leave, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">bonuses, and non-monetary benefits are accrued in the y<span class="_ _2"/>ear in which the associated services are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">render<span class="_ _2"/>ed by employees of the Gr<span class="_ _3"/>oup. Where the Gr<span class="_ _2"/>oup provides long-term emplo<span class="_ _2"/>yee benefits, the costs </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are accrued t<span class="_ _3"/>o match the r<span class="_ _3"/>endering of the services by the employees.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> Accounting <span class="_ _4c"> </span>policies<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Contributions to defined contribution pension plans are r<span class="_ _2"/>ecognised in the income statement in the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">period in which they r<span class="_ _3"/>elate, and an<span class="_ _3"/>y payable contributions ar<span class="_ _2"/>e accrued in the balance sheet as other </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">pay<span class="_ _3"/>ables. As regar<span class="_ _3"/>ds defined benefit pension plans, an actuarial val<span class="_ _3"/>uation of the value in use of futur<span class="_ _2"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">benefits pay<span class="_ _3"/>able under the plan is made once a year<span class="_ _24e"/>. The value in use is calculated based on </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">assumptions of future de<span class="_ _2"/>velopment in wage/<span class="_ _2"/>salar<span class="_ _4"/>y levels, inter<span class="_ _2"/>est rates, infla<span class="_ _3"/>tion, mortality<span class="_ _2"/>, etc. The </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">value in use is onl<span class="_ _2"/>y calculated for benefits to which the employ<span class="_ _3"/>ees have become en<span class="_ _3"/>titled during their </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">employment with the Gr<span class="_ _3"/>oup. The actuarial calcula<span class="_ _3"/>tion of the value in use less the fair v<span class="_ _3"/>alue of any </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">assets under the plan is recognised in the balance shee<span class="_ _3"/>t under pension obligations. If a defined benefit </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">pension plan constitutes a net asset, the asset is r<span class="_ _3"/>ecognised only if it offse<span class="_ _3"/>ts future r<span class="_ _3"/>efunds from the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">plan or will lead to r<span class="_ _3"/>educed future pa<span class="_ _3"/>yments to the plan. Pension costs of the year ar<span class="_ _2"/>e recognised in the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">income statement based on a<span class="_ _3"/>ctuarial estimates and financial e<span class="_ _3"/>xpectations a<span class="_ _3"/>t the beginning of the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">year<span class="_ _24e"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The difference be<span class="_ _3"/>tween the calculated de<span class="_ _2"/>velopment in pension assets and liabilities and the realised </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">values ar<span class="_ _3"/>e recognised in other compr<span class="_ _2"/>ehensive income as actuarial gains and losses.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Changes in the benefits pay<span class="_ _3"/>able for employ<span class="_ _3"/>ees’ past service to the enterprise result in an a<span class="_ _3"/>djustment </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of the actuarial calculation of the v<span class="_ _2"/>alue<span class="_ _4"/>-in-use, which is classified as past service costs. Past service </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">costs are r<span class="_ _2"/>ecognised in the income statement immediatel<span class="_ _2"/>y if the employees have alr<span class="_ _2"/>eady earned the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">right to the adjusted benefit. Otherwise, the benefits will be r<span class="_ _3"/>ecognised in the income statement o<span class="_ _3"/>ver </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the period in which the employees earn the righ<span class="_ _3"/>t to the adjusted benefits. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Other non-current employ<span class="_ _3"/>ee obligations include jubilee benefits, etc<span class="_ _3"/>.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2.3 Costs</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:84.466796875px;"><span style="position: absolute; display: inline-block; left: 0px; top: 0.0097656px; width: 519.574px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 52.6699px; display: inline-block;">DKK million</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 374.027px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 24.8379px; display: inline-block;">2023</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.244px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="width: 23.7949px; display: inline-block;">2022</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 22.0547px; width: 517.693px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 231.363px; display: inline-block;">Ferry and other ship operation and maintenance:</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 284.268px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 37.2441px; width: 521.684px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 222.217px; display: inline-block;">Ferry and other ship costs including charter rela</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 38.1035px; display: inline-block;">ted cost</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 162.703px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 3.74414px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 26.1504px; display: inline-block;">2,316</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.133px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 3.74414px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 29.0859px; display: inline-block;">2,329 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 52.4629px; width: 522.076px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 32.7715px; display: inline-block;">Bunker</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 389.096px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 29.6133px; display: inline-block;">-3,169</span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; width: 37.5469px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 33.0469px; display: inline-block;">-4,097 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 73.2266px; width: 521.303px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 208.4px; display: inline-block;">otal ferry and other ship operation and main</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 39.3926px; display: inline-block;">tenance</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 167.772px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 31.5352px; display: inline-block;">-5,485</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.4922px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 13.0488px; display: inline-block;">-6,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.8184px; display: inline-block;">426 </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> Accounting <span class="_ _4c"> </span>policies<span class="_ _4"/> <span class="_ _fe"> </span><span class="ls0 ws0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Ferry and other ship costs comprise costs of sales rela<span class="_ _3"/>ted to catering as w<span class="_ _2"/>ell as maintenance and daily </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">running costs of ferries and other ships. Bunk<span class="_ _3"/>er consumption includes hedging. Writ<span class="_ _3"/>e-<span class="_ _4"/>downs and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">realised losses on tr<span class="_ _2"/>ade receivables ar<span class="_ _3"/>e included in ferry and other ship opera<span class="_ _3"/>tion and maintenance. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Port terminal opera<span class="_ _3"/>tions and T<span class="_ _2"/>ransport solutions and w<span class="_ _3"/>arehouse solutions ar<span class="_ _2"/>e costs related to land-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">based activities such as ste<span class="_ _3"/>vedoring, terminal, and haulage costs. Costs of sales and a<span class="_ _3"/>dministra<span class="_ _3"/>tion </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">comprise costs of sales, marketing, and a<span class="_ _3"/>dministration.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2.4 <span class="_ _27"> </span>Employ<span class="_ _2"/>ee costs</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:182.5625px;"><span style="position: absolute; display: inline-block; left: 0px; top: 0.0097656px; width: 519.574px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 52.6699px; display: inline-block;">DKK million</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 374.027px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 24.8379px; display: inline-block;">2023</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.244px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="width: 23.7949px; display: inline-block;">2022</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 22.0254px; width: 521.578px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 9.62695px; display: inline-block;">W</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 127.418px; display: inline-block;">ages, salaries and remuner</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 24.0645px; display: inline-block;">ation</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 261.117px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 30.9902px; display: inline-block;">-4,604</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.5469px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.709px; display: inline-block;">-3,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.3027px; display: inline-block;">844 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 37.2441px; width: 521.531px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 118.377px; display: inline-block;">Hereof capitalised emplo</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 44.1035px; display: inline-block;">yee costs</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 277.506px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.0176px; display: inline-block;">44</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.6386px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.65325px; letter-spacing: -0.65325px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span>47</span><span style="word-spacing: 0.65325px; letter-spacing: -0.65325px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 52.4629px; width: 521.584px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 162.129px; display: inline-block;">Defined contribution pension plans</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 269.977px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 3.74414px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 16.207px; display: inline-block;">211</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.0529px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 25.3418px; display: inline-block;">- 185 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 67.6816px; width: 521.777px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 138.305px; display: inline-block;">Defined benefit pension plans</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 303.199px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 9.82031px; display: inline-block;">-8</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 19.3477px; display: inline-block;">- 14 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 82.9004px; width: 521.578px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 123.498px; display: inline-block;">Other social security costs</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 307.178px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.16575px; letter-spacing: -0.16575px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 9.42188px; display: inline-block;">-4</span><span style="word-spacing: 0.16575px; letter-spacing: -0.16575px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 10.8457px; display: inline-block;">14</span><span style="word-spacing: 0.16575px; letter-spacing: -0.16575px; display: inline-block; margin-left: 0px; width: 46.9042px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="word-spacing: 0.195px; letter-spacing: -0.195px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 9.42188px; display: inline-block;">-3</span><span style="word-spacing: 0.195px; letter-spacing: -0.195px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 13.5234px; display: inline-block;">72 </span></span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 98.1348px; width: 521.818px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 74.1621px; display: inline-block;">Share based pa</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 29.2031px; display: inline-block;">yment</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 333.65px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 8.21484px; display: inline-block;">-2</span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.37305px; display: inline-block;">8</span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; width: 53.0801px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 18.2051px; display: inline-block;">-30 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 113.354px; width: 521.783px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 102.234px; display: inline-block;">Other employee costs</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 327.791px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 21.6094px; display: inline-block;">-352</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.996px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 24.1523px; display: inline-block;">-333 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 128.572px; width: 521.771px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 54px; display: inline-block;">Governmen</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 41.7422px; display: inline-block;">t grants (</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 30.7266px; display: inline-block;">Covid-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 14.4551px; display: inline-block;">19)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 306.551px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 5.87109px; display: inline-block;">2</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.8594px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 5 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 149.336px; width: 521.777px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 56.7773px; display: inline-block;">otal employ</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 39.4043px; display: inline-block;">ee costs</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 321.105px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.32175px; letter-spacing: -0.32175px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 23.3262px; display: inline-block;">-5,57</span><span style="word-spacing: 0.32175px; letter-spacing: -0.32175px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.75391px; display: inline-block;">2</span><span style="word-spacing: 0.32175px; letter-spacing: -0.32175px; display: inline-block; margin-left: 0px; width: 33.5449px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 9.29297px; display: inline-block;">4,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.5254px; display: inline-block;">726 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 171.322px; width: 522.082px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 133.922px; display: inline-block;">Full time equivalents (FTE), a</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.8652px; display: inline-block;">vera</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 11.8711px; display: inline-block;">ge</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 255.516px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 30.6387px; display: inline-block;">13,191</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 33.0469px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 11,510 </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Reference is ma<span class="_ _3"/>de to note 3<span class="_ _2"/>.2.4 for detailed inf<span class="_ _3"/>ormation on pension plans, note 5<span class="_ _2"/>.1 for detailed information on </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">remuner<span class="_ _2"/>ation of Management and note 5<span class="_ _2"/>.3 for detailed informa<span class="_ _3"/>tion on the Group’<span class="_ _2"/>s share based payment </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">schemes.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> Accounting <span class="_ _4c"> </span>policies<span class="_ _4"/> <span class="_ _fe"> </span><span class="ls0 ws0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">W<span class="_ _3"/>ages, salaries, social security contributions, pension contributions, paid annual leav<span class="_ _2"/>e and sick leave, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">bonuses, and non-monetary benefits are accrued in the y<span class="_ _2"/>ear in which the associated services are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">render<span class="_ _2"/>ed by employees of the Gr<span class="_ _3"/>oup. Where the Gr<span class="_ _2"/>oup provides long-term emplo<span class="_ _2"/>yee benefits, the costs </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are accrued t<span class="_ _3"/>o match the r<span class="_ _3"/>endering of the services by the employees.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2<span class="_ _4"/>.5<span class="_ _4"/> <span class="_ _3c"> </span>Amortisation, depr<span class="_ _3"/>ecia<span class="_ _3"/>tion, and impairment losses for the y<span class="_ _2"/>ear</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:316.029296875px;"><span style="position: absolute; display: inline-block; left: 0px; top: 0.0097656px; width: 519.574px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 52.6699px; display: inline-block;">DKK million</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 374.027px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 24.8379px; display: inline-block;">2023</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.244px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="width: 23.7949px; display: inline-block;">2022</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 22.0547px; width: 517.295px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 127.348px; display: inline-block;">Amortisation and deprecia</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 77.7891px; display: inline-block;">tion for the year:</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 310.963px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 37.2441px; width: 521.596px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 36.7793px; display: inline-block;">Softwar</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.74805px; display: inline-block;">e</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 393.574px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 15.9023px; display: inline-block;">-64</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.0136px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 18.041px; display: inline-block;">-48 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 52.4629px; width: 519.715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 123.586px; display: inline-block;">Port concession rights etc.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 312.31px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 15.4453px; display: inline-block;">-35</span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; width: 48.498px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 4.42969px; display: inline-block;"> </span>-35</span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 67.6816px; width: 521.531px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 165.838px; display: inline-block;">Other non-current intangible assets</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 271.459px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 1.29675px; letter-spacing: -1.29675px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.98438px; display: inline-block;">-7</span><span style="word-spacing: 1.29675px; letter-spacing: -1.29675px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 4.78125px; display: inline-block;">8</span><span style="word-spacing: 1.29675px; letter-spacing: -1.29675px; display: inline-block; margin-left: 0px; width: 49.3125px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> -52 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 88.4453px; width: 519.275px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 123.24px; display: inline-block;">otal amortisation for the y</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 16.1074px; display: inline-block;">ear</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 287.062px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.8385px; letter-spacing: -0.8385px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 2.87109px; display: inline-block;">-</span><span style="word-spacing: 0.8385px; letter-spacing: -0.8385px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 9.87891px; display: inline-block;">17</span><span style="word-spacing: 0.8385px; letter-spacing: -0.8385px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.47266px; display: inline-block;">8</span><span style="word-spacing: 0.8385px; letter-spacing: -0.8385px; display: inline-block; margin-left: 0px; width: 47.7832px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span></span><span style="width: 3.70898px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 17.9414px; display: inline-block;">135</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 110.432px; width: 522.047px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 77.7129px; display: inline-block;">Land &amp; Buildings</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 358.758px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 8.21484px; display: inline-block;">-2</span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.45508px; display: inline-block;">6</span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; width: 50.0332px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> -15 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 125.65px; width: 521.508px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.95898px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 40.4941px; display: inline-block;">erminals</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 390.405px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 15.7324px; display: inline-block;">-67</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.2969px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -59 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 140.869px; width: 521.701px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 105.41px; display: inline-block;">Ferries and other ships</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 317.045px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 3.74414px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 8.06836px; display: inline-block;">1,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.5156px; display: inline-block;">060</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.4179px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 23.8301px; display: inline-block;">-927 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 156.088px; width: 521.631px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 70.7988px; display: inline-block;">Equipment etc.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 358.758px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 21.6855px; display: inline-block;">-432</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.4179px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 23.9707px; display: inline-block;">-328 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 171.322px; width: 521.73px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 37.6113px; display: inline-block;">Right-of</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 53.2852px; display: inline-block;">-use assets</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 331.728px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 3.74414px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 8.06836px; display: inline-block;">1,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.4277px; display: inline-block;">030</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.6641px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 8.06836px; display: inline-block;">1,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.2734px; display: inline-block;">042 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 192.086px; width: 519.088px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 63.9727px; display: inline-block;">otal deprecia</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 74.8125px; display: inline-block;">tion for the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 278.279px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 3.70898px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 27.0586px; display: inline-block;">2,615</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.133px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.51675px; letter-spacing: -0.51675px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 8.74805px; display: inline-block;">-2</span><span style="word-spacing: 0.51675px; letter-spacing: -0.51675px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 8.24414px; display: inline-block;">,3</span><span style="word-spacing: 0.51675px; letter-spacing: -0.51675px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.51367px; display: inline-block;">7</span><span style="word-spacing: 0.51675px; letter-spacing: -0.51675px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.01562px; display: inline-block;">1</span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 212.82px; width: 521.473px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 147.967px; display: inline-block;">otal amortisation and deprecia</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 74.8125px; display: inline-block;">tion for the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 194.549px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 3.70898px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 9.05273px; display: inline-block;">2,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.7031px; display: inline-block;">793</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.5469px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.7559px; display: inline-block;">-2,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.6719px; display: inline-block;">505 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 248.102px; width: 517.506px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 146.924px; display: inline-block;">Impairment losses for the year:</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 368.52px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 263.291px; width: 521.537px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 70.7988px; display: inline-block;">Equipment etc.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 374.555px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 4.42969px; display: inline-block;"> </span>-1</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 284.055px; width: 521.467px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 76.3535px; display: inline-block;">otal impairment</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 363.762px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.38672px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.0156px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.45825px; letter-spacing: -0.45825px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 8.32031px; display: inline-block;">-1</span><span style="word-spacing: 0.45825px; letter-spacing: -0.45825px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 304.789px; width: 521.309px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 130.4px; display: inline-block;">otal amortisation, deprecia</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 184.512px; display: inline-block;">tion and impairment losses for the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 102.732px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 3.70898px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 9.05273px; display: inline-block;">2,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.7031px; display: inline-block;">793</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.0664px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.7559px; display: inline-block;">-2,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.6719px; display: inline-block;">505 </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> Accounting <span class="_ _4c"> </span>policies<span class="_ _4"/> <span class="_ _fe"> </span><span class="ls0 ws0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Amortisation and deprecia<span class="_ _3"/>tion for the year ar<span class="_ _2"/>e recognised based on the amortisation and deprecia<span class="_ _3"/>tion </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">profiles of the underl<span class="_ _2"/>ying assets. Reference is made to no<span class="_ _3"/>te 3.1.1, 3<span class="_ _2"/>.1.2 and 3.1.<span class="_ _3"/>3.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> Accounting <span class="_ _4c"> </span>policies<span class="_ _4"/> <span class="_ _fe"> </span><span class="ls0 ws0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Ferry and other ship costs comprise costs of sales rela<span class="_ _3"/>ted to catering as w<span class="_ _2"/>ell as maintenance and daily </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">running costs of ferries and other ships. Bunk<span class="_ _3"/>er consumption includes hedging. Writ<span class="_ _3"/>e-<span class="_ _4"/>downs and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">realised losses on tr<span class="_ _2"/>ade receivables ar<span class="_ _3"/>e included in ferry and other ship opera<span class="_ _3"/>tion and maintenance. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Port terminal opera<span class="_ _3"/>tions and T<span class="_ _2"/>ransport solutions and w<span class="_ _3"/>arehouse solutions ar<span class="_ _2"/>e costs related to land-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">based activities such as ste<span class="_ _3"/>vedoring, terminal, and haulage costs. Costs of sales and a<span class="_ _3"/>dministra<span class="_ _3"/>tion </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">comprise costs of sales, marketing, and a<span class="_ _3"/>dministration.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> Accounting <span class="_ _4c"> </span>policies<span class="_ _4"/> <span class="_ _fe"> </span><span class="ls0 ws0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">W<span class="_ _3"/>ages, salaries, social security contributions, pension contributions, paid annual leav<span class="_ _2"/>e and sick leave, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">bonuses, and non-monetary benefits are accrued in the y<span class="_ _2"/>ear in which the associated services are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">render<span class="_ _2"/>ed by employees of the Gr<span class="_ _3"/>oup. Where the Gr<span class="_ _2"/>oup provides long-term emplo<span class="_ _2"/>yee benefits, the costs </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are accrued t<span class="_ _3"/>o match the r<span class="_ _3"/>endering of the services by the employees.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> Accounting <span class="_ _4c"> </span>policies<span class="_ _4"/> <span class="_ _fe"> </span><span class="ls0 ws0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Amortisation and deprecia<span class="_ _3"/>tion for the year ar<span class="_ _2"/>e recognised based on the amortisation and deprecia<span class="_ _3"/>tion </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">profiles of the underl<span class="_ _2"/>ying assets. Reference is made to no<span class="_ _3"/>te 3.1.1, 3<span class="_ _2"/>.1.2 and 3.1.<span class="_ _3"/>3.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2<span class="_ _4"/>.5<span class="_ _4"/> <span class="_ _3c"> </span>Amortisation, depr<span class="_ _3"/>ecia<span class="_ _3"/>tion, and impairment losses for the y<span class="_ _2"/>ear</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:316.029296875px;"><span style="position: absolute; display: inline-block; left: 0px; top: 0.0097656px; width: 519.574px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 52.6699px; display: inline-block;">DKK million</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 374.027px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 24.8379px; display: inline-block;">2023</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.244px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="width: 23.7949px; display: inline-block;">2022</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 22.0547px; width: 517.295px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 127.348px; display: inline-block;">Amortisation and deprecia</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 77.7891px; display: inline-block;">tion for the year:</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 310.963px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 37.2441px; width: 521.596px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 36.7793px; display: inline-block;">Softwar</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.74805px; display: inline-block;">e</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 393.574px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 15.9023px; display: inline-block;">-64</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.0136px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 18.041px; display: inline-block;">-48 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 52.4629px; width: 519.715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 123.586px; display: inline-block;">Port concession rights etc.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 312.31px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 15.4453px; display: inline-block;">-35</span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; width: 48.498px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 4.42969px; display: inline-block;"> </span>-35</span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 67.6816px; width: 521.531px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 165.838px; display: inline-block;">Other non-current intangible assets</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 271.459px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 1.29675px; letter-spacing: -1.29675px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.98438px; display: inline-block;">-7</span><span style="word-spacing: 1.29675px; letter-spacing: -1.29675px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 4.78125px; display: inline-block;">8</span><span style="word-spacing: 1.29675px; letter-spacing: -1.29675px; display: inline-block; margin-left: 0px; width: 49.3125px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> -52 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 88.4453px; width: 519.275px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 123.24px; display: inline-block;">otal amortisation for the y</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 16.1074px; display: inline-block;">ear</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 287.062px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.8385px; letter-spacing: -0.8385px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 2.87109px; display: inline-block;">-</span><span style="word-spacing: 0.8385px; letter-spacing: -0.8385px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 9.87891px; display: inline-block;">17</span><span style="word-spacing: 0.8385px; letter-spacing: -0.8385px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.47266px; display: inline-block;">8</span><span style="word-spacing: 0.8385px; letter-spacing: -0.8385px; display: inline-block; margin-left: 0px; width: 47.7832px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span></span><span style="width: 3.70898px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 17.9414px; display: inline-block;">135</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 110.432px; width: 522.047px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 77.7129px; display: inline-block;">Land &amp; Buildings</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 358.758px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 8.21484px; display: inline-block;">-2</span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.45508px; display: inline-block;">6</span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; width: 50.0332px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> -15 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 125.65px; width: 521.508px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.95898px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 40.4941px; display: inline-block;">erminals</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 390.405px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 15.7324px; display: inline-block;">-67</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.2969px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -59 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 140.869px; width: 521.701px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 105.41px; display: inline-block;">Ferries and other ships</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 317.045px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 3.74414px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 8.06836px; display: inline-block;">1,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.5156px; display: inline-block;">060</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.4179px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 23.8301px; display: inline-block;">-927 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 156.088px; width: 521.631px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 70.7988px; display: inline-block;">Equipment etc.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 358.758px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 21.6855px; display: inline-block;">-432</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.4179px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 23.9707px; display: inline-block;">-328 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 171.322px; width: 521.73px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 37.6113px; display: inline-block;">Right-of</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 53.2852px; display: inline-block;">-use assets</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 331.728px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 3.74414px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 8.06836px; display: inline-block;">1,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.4277px; display: inline-block;">030</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.6641px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 8.06836px; display: inline-block;">1,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.2734px; display: inline-block;">042 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 192.086px; width: 519.088px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 63.9727px; display: inline-block;">otal deprecia</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 74.8125px; display: inline-block;">tion for the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 278.279px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 3.70898px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 27.0586px; display: inline-block;">2,615</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.133px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.51675px; letter-spacing: -0.51675px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 8.74805px; display: inline-block;">-2</span><span style="word-spacing: 0.51675px; letter-spacing: -0.51675px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 8.24414px; display: inline-block;">,3</span><span style="word-spacing: 0.51675px; letter-spacing: -0.51675px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.51367px; display: inline-block;">7</span><span style="word-spacing: 0.51675px; letter-spacing: -0.51675px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.01562px; display: inline-block;">1</span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 212.82px; width: 521.473px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 147.967px; display: inline-block;">otal amortisation and deprecia</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 74.8125px; display: inline-block;">tion for the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 194.549px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 3.70898px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 9.05273px; display: inline-block;">2,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.7031px; display: inline-block;">793</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.5469px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.7559px; display: inline-block;">-2,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.6719px; display: inline-block;">505 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 248.102px; width: 517.506px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 146.924px; display: inline-block;">Impairment losses for the year:</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 368.52px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 263.291px; width: 521.537px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 70.7988px; display: inline-block;">Equipment etc.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 374.555px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 4.42969px; display: inline-block;"> </span>-1</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 284.055px; width: 521.467px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 76.3535px; display: inline-block;">otal impairment</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 363.762px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.38672px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.0156px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.45825px; letter-spacing: -0.45825px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 8.32031px; display: inline-block;">-1</span><span style="word-spacing: 0.45825px; letter-spacing: -0.45825px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 304.789px; width: 521.309px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 130.4px; display: inline-block;">otal amortisation, deprecia</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 184.512px; display: inline-block;">tion and impairment losses for the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 102.732px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 3.70898px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 9.05273px; display: inline-block;">2,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.7031px; display: inline-block;">793</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.0664px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.7559px; display: inline-block;">-2,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.6719px; display: inline-block;">505 </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> Accounting <span class="_ _4c"> </span>policies<span class="_ _4"/> <span class="_ _fe"> </span><span class="ls0 ws0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Amortisation and deprecia<span class="_ _3"/>tion for the year ar<span class="_ _2"/>e recognised based on the amortisation and deprecia<span class="_ _3"/>tion </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">profiles of the underl<span class="_ _2"/>ying assets. Reference is made to no<span class="_ _3"/>te 3.1.1, 3<span class="_ _2"/>.1.2 and 3.1.<span class="_ _3"/>3.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">3<span class="_ _3"/>.1.4 <span class="_ _9e"> </span>Impairment testing</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Introduction</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS performs impairment test of goodwill once a year<span class="_ _26"/>, or sooner if<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">impairment indication arises. Additionall<span class="_ _2"/>y<span class="_ _3"/>, the impairment assessment </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">covers the Oslo-Fr<span class="_ _3"/>ederikshavn-Copenha<span class="_ _3"/>gen (OFC<span class="_ _3"/>) route<span class="_ _3"/>, to which no </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">goodwill is allocated, but wher<span class="_ _3"/>e assets – other than goodwill - hav<span class="_ _2"/>e been<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">impaired in prior periods. Furthermor<span class="_ _3"/>e, impairment tests are perf<span class="_ _3"/>ormed </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">for CGU's with impairment indicators or indica<span class="_ _2"/>tors of reversal of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">impairment.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Cash-generating units (<span class="_ _2"/>CGU)</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The break<span class="_ _3"/>down into cash-genera<span class="_ _3"/>ting units takes its starting point in the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">internal structur<span class="_ _3"/>e of the two segments, Ferry and Logistics, and their </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">opera<span class="_ _3"/>ting areas, including the str<span class="_ _2"/>ategic, opera<span class="_ _3"/>tional, and commercial </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">management and contr<span class="_ _3"/>ol of these, both separa<span class="_ _2"/>tely and acr<span class="_ _3"/>oss business </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">units, and the natur<span class="_ _3"/>e of the customer services provided.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Based on this, the following six cash-genera<span class="_ _2"/>ting units have been identified: <span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Ferry CGU:</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">• <span class="_ _3b"> </span><span class="ws0">The oper<span class="_ _3"/>ating ar<span class="_ _3"/>eas North Sea, Baltic Sea and Mediterranean <span class="ls0"> </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(<span class="_ _4"/>include goodwill of DKK 3,<span class="_ _2"/>384m)</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">• <span class="_ _3b"> </span><span class="ws0">The English Channel</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">• <span class="_ _3b"> </span><span class="ws0">The Oslo – Fr<span class="_ _3"/>ederikshavn - Copenha<span class="_ _3"/>gen (OFC<span class="_ _2"/>) route </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">• <span class="_ _3b"> </span><span class="ws0">The Amster<span class="_ _2"/>dam – Newcastle route</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Logistics CGU:</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">• <span class="_ _3b"> </span><span class="ws0">Dry Goods (<span class="_ _4"/>includes goodwill of DKK 448m)</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">• <span class="_ _3b"> </span><span class="ws0">Cold Chain (includes goodwill of DKK 1,120m)</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Intangible and tangible assets as well as righ<span class="_ _3"/>t-of<span class="_ _3"/>-use assets are ass<span class="_ _4"/>igne<span class="_ _4"/>d </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to the abov<span class="_ _3"/>e-mentioned cash-<span class="_ _4"/>genera<span class="_ _3"/>ting units unless this canno<span class="_ _2"/>t be </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">done with a reasonable degr<span class="_ _2"/>ee of cer<span class="_ _4"/>tainty<span class="_ _2"/>. Software and other assets </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">which cannot be assigned with reasonable certainty to one or mor<span class="_ _2"/>e o<span class="_ _4"/>f the<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">above cash-gener<span class="_ _3"/>ating units ar<span class="_ _3"/>e tested for impairment as a non-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">allocated Gr<span class="_ _3"/>oup asset, i.e., based on the Gr<span class="_ _3"/>oup earnings.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The determination of cash-genera<span class="_ _2"/>ting units differs based on the <span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">business area. Most of the freight f<span class="_ _3"/>erries in North Sea, Baltic Sea <span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and Mediterranean ar<span class="_ _2"/>e interchangeable with each other<span class="_ _24e"/>. Where and how </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the fleet of ferries is deploy<span class="_ _2"/>ed is centrally decided. Consequentl<span class="_ _2"/>y<span class="_ _3"/>, these </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">areas ar<span class="_ _2"/>e tested for impairment as a single cash-generating unit. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Conversel<span class="_ _2"/>y<span class="_ _3"/>, the vessels servicing the English Channel, Oslo-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Frederik<span class="_ _3"/>shavn-Copenhagen and Amster<span class="_ _2"/>dam-Newcastle routes ar<span class="_ _2"/>e used<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ex<span class="_ _2"/>clusively in each specific itiner<span class="_ _2"/>ar<span class="_ _4"/>y<span class="_ _2"/>. Consequently<span class="_ _2"/>, these areas ar<span class="_ _3"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">considered as separ<span class="_ _2"/>ate cash-generating units. Logistics activities ar<span class="_ _2"/>e<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">considered tw<span class="_ _3"/>o cash-generating units: Cold Chain and Dry Goods based </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">on services provided and equipment used being specific t<span class="_ _3"/>o each business </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">area.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Basis for impairment testing and calcula<span class="_ _3"/>tion of recov<span class="_ _2"/>erable amount</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In the impairment test for cash-genera<span class="_ _3"/>ting units, the reco<span class="_ _3"/>verable amoun<span class="_ _3"/>t </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of the unit is compared with its carrying amount. The reco<span class="_ _2"/>verable amount </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">for the rele<span class="_ _2"/>vant cash-generating units is determined based on v<span class="_ _3"/>alue-in-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">use calculations. If the r<span class="_ _3"/>ecover<span class="_ _2"/>able amount is less than the carr<span class="_ _4"/>ying </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">amount, the latter is writ<span class="_ _3"/>ten down to the lo<span class="_ _3"/>wer val<span class="_ _3"/>ue.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The value-in-use is calculated as the discounted v<span class="_ _2"/>alue of the estimated </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">future net cash flo<span class="_ _2"/>ws per cash-<span class="_ _4"/>generating unit. K<span class="_ _2"/>ey parameters f<span class="_ _3"/>or <span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the forecast periods ar<span class="_ _2"/>e trends in re<span class="_ _3"/>venue, EBIT<span class="_ _26"/>, EBIT margin, futur<span class="_ _3"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">investments, and gr<span class="_ _2"/>owth expecta<span class="_ _3"/>tions. These parameters ar<span class="_ _2"/>e<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">determined specificall<span class="_ _3"/>y for each individual cash-genera<span class="_ _3"/>ting unit. Growth </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">is incorpora<span class="_ _3"/>ted in forecasts f<span class="_ _3"/>or periods beyond 202<span class="_ _2"/>4 and in the terminal </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">period with refer<span class="_ _2"/>ence to the growth r<span class="_ _3"/>ate and cash flo<span class="_ _3"/>w section below<span class="_ _2"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Determination of estima<span class="_ _3"/>ted gro<span class="_ _3"/>wth ra<span class="_ _3"/>tes and cash flow</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The expected ne<span class="_ _3"/>t cash flows ar<span class="_ _3"/>e assessed at CGU lev<span class="_ _2"/>el on basis of approved </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">forecasts f<span class="_ _3"/>or 2024 and business plans bey<span class="_ _2"/>ond 2024. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The projections incl<span class="_ _3"/>ude the estimated impact of long-<span class="_ _2"/>term strategic </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">decisions and assessment of opportunities for future gr<span class="_ _2"/>owth and required </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">investments. F<span class="_ _3"/>or Ferry and Logistics division CGUs which include a </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">terminal period, OECD’s pr<span class="_ _2"/>ediction for EU long-term consumer price </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">index gr<span class="_ _2"/>owth rate of 2.<span class="_ _2"/>3% has been applied (2022: 3.1%). Further<span class="_ _2"/>, the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">uncertainty in the world economy has been incorpor<span class="_ _3"/>ated in the for<span class="_ _2"/>ecast </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">for 2024 and on<span class="_ _3"/>wards. The f<span class="_ _3"/>ollowing assumptions for gr<span class="_ _2"/>owth rat<span class="_ _3"/>es have </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">been applied to each CGU.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Ferry (CGUs):</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">North Sea, Baltic Sea and Mediterranean: For 2025-<span class="_ _24e"/>2028 a growth in </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">EBIT in the range of 5<span class="_ _2"/>.4% - 13<span class="_ _2"/>.9% is expec<span class="_ _3"/>ted and gro<span class="_ _3"/>wth in terminal </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">period of 2.3% (2022 3<span class="_ _2"/>.1%).</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The English Channel: The current o<span class="_ _3"/>ver<span class="_ _3"/>capacity on the Channel impacts </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the forecast f<span class="_ _3"/>or 2024 negativ<span class="_ _2"/>ely<span class="_ _2"/>, the over<span class="_ _3"/>capacity is untenable, hence it </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">is expected t<span class="_ _3"/>o change in the longer term. Consequently<span class="_ _24e"/>, the growth in </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">EBIT for 2025-<span class="_ _2"/>2028 is ranging fr<span class="_ _3"/>om 3.<span class="_ _2"/>0% - 32.4% corr<span class="_ _3"/>espoding to a </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">compound annual grotwh r<span class="_ _2"/>ate of 19<span class="_ _2"/>.0%. A gro<span class="_ _2"/>wth in EBIT of 2.3% (2022: </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">3.1%) is e<span class="_ _2"/>xpected in the terminal period. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Oslo–Frederiksha<span class="_ _3"/>vn-Copenhagen route: al<span class="_ _3"/>though passenger </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">numbers reco<span class="_ _3"/>ver<span class="_ _3"/>ed after covid-<span class="_ _2"/>19<span class="_ _2"/>, overseas passengers hav<span class="_ _3"/>e not full<span class="_ _3"/>y </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">returned. The e<span class="_ _2"/>xpectation for 2024 is a nega<span class="_ _3"/>tive EBIT<span class="_ _26"/>. Management has </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">prepar<span class="_ _2"/>ed a range of possible outcomes rather than a single<span class="_ _3"/>, most likel<span class="_ _2"/>y, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">outcome. W<span class="_ _2"/>eights have been applied to the scenarios. The scenarios </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">reflect diff<span class="_ _3"/>erent oper<span class="_ _2"/>ational initiatives, inv<span class="_ _3"/>estments, maintenance, and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">horizons. As a resul<span class="_ _3"/>t, no impairment is recognised in 2023 and no </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">impairment losses recognised in prior y<span class="_ _3"/>ears have been r<span class="_ _2"/>eversed.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Logistics (CGUs):</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Business unit Dry Goods: growth in EBIT f<span class="_ _3"/>or 2025-<span class="_ _2"/>2028 in the range <span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of 8.2% - 15<span class="_ _2"/>.6% and gr<span class="_ _2"/>owth in the terminal period of 2.3%. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Business unit Cold Chain: gro<span class="_ _3"/>wth in EBIT for 2025-<span class="_ _2"/>2028 in the range </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of 9<span class="_ _2"/>.8% - 22.2% and gro<span class="_ _2"/>w<span class="_ _4"/>th in terminal period of 2.3%. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The wide span and eleva<span class="_ _2"/>ted growth ra<span class="_ _2"/>te should be seen in the light of an </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">expected turnar<span class="_ _2"/>ound in parts of the business with current low </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">performance.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Determination of discount r<span class="_ _3"/>ate</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The discount ra<span class="_ _3"/>te for the year<span class="_ _2"/>-<span class="_ _4"/>end 2023 impairment testing purposes is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">based on a calculation of DFDS’ weigh<span class="_ _3"/>ted aver<span class="_ _2"/>age cost of capital </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(W<span class="_ _2"/>ACC). The cost of equity is based on a risk<span class="_ _2"/>-fr<span class="_ _3"/>ee ra<span class="_ _3"/>te plus a market risk </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">premium. The risk<span class="_ _2"/>-fr<span class="_ _3"/>ee interest r<span class="_ _2"/>ate is based on a 10-y<span class="_ _3"/>ear Danish risk<span class="_ _2"/>-free </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ra<span class="_ _3"/>te which at the end of 2023 is 3<span class="_ _2"/>.0% (2022: 2.<span class="_ _2"/>5%). The market risk </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">premium is calcula<span class="_ _3"/>ted as a general equity mark<span class="_ _3"/>et risk premium of 5<span class="_ _2"/>.9% </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(2022: 5<span class="_ _3"/>.<span class="_ _3"/>5%) multiplied by the le<span class="_ _3"/>vera<span class="_ _3"/>ged beta value f<span class="_ _3"/>or DFDS of 1.26 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(2022: 1.<span class="_ _24e"/>71). The levera<span class="_ _3"/>ged beta value applied a<span class="_ _3"/>t year<span class="_ _2"/>-<span class="_ _4"/>end 2023 is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">calculated b<span class="_ _3"/>y obtaining the unlev<span class="_ _3"/>ered beta v<span class="_ _3"/>alue of peer group </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">companies via the Capital IQ database. This be<span class="_ _3"/>ta value is then r<span class="_ _3"/>e-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">lever<span class="_ _2"/>ed in accordance with the Group’<span class="_ _2"/>s current capital structur<span class="_ _3"/>e. The </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">cost of debt is based on inter<span class="_ _3"/>est-bearing borr<span class="_ _2"/>owings recentl<span class="_ _3"/>y obtained by </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the Group plus the risk<span class="_ _24e"/>-free inter<span class="_ _3"/>est. Further<span class="_ _2"/>, risk premium may be a<span class="_ _3"/>dded </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">for the individual cash-generating unit if special conditions and/<span class="_ _24e"/>or </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">uncertainties indicate a need her<span class="_ _3"/>eto. Conv<span class="_ _3"/>ersely<span class="_ _24e"/>, if the risk level for the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">individual cash-generating unit is consider<span class="_ _2"/>ed to be lower than the general </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">risk level, then the risk pr<span class="_ _2"/>emium is reduced if special conditions indicate a </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">need hereto<span class="_ _3"/>. No such risk premiums ha<span class="_ _3"/>ve been added/<span class="_ _2"/>reduced to an<span class="_ _3"/>y of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the individual cash-generating units in 2023<span class="_ _2"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Uncertainties in the global economy such as the impact fr<span class="_ _3"/>om the war in </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Ukraine, v<span class="_ _2"/>olatile currency and high inter<span class="_ _2"/>est rate in T<span class="_ _24e"/>ürkiye are tak<span class="_ _2"/>en into<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">considera<span class="_ _3"/>tion in the forecasts wher<span class="_ _2"/>e relevant (<span class="_ _2"/>e.g. freight r<span class="_ _2"/>ates, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">passenger and freight v<span class="_ _3"/>olumes).</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">For cash-generating-units wher<span class="_ _2"/>e the recover<span class="_ _2"/>able amount is based on </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">value-in-use, the pr<span class="_ _3"/>e-tax discount ra<span class="_ _3"/>tes applied hav<span class="_ _3"/>e been within the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">following r<span class="_ _2"/>anges in the two segments:</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2023<span class="_ _8f"> </span><span class="ff3">2022</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Ferry Division</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"><span class="_ _98"> </span><span class="ls27 ws2a">7.<span class="_ _4d"/>4<span class="_ _4d"/>%<span class="_ _a9"> </span>7.<span class="_ _4d"/>6<span class="_ _4d"/>%</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Logistics Division</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"><span class="_ _1fc"> </span><span class="ls27 ws2a">7.<span class="_ _4"/>4<span class="_ _4c"/>%<span class="_ _a9"> </span>7.<span class="_ _4d"/>6<span class="_ _4d"/>%</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The applied discount ra<span class="_ _3"/>tes in cash-generating units f<span class="_ _3"/>or which the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">carrying amount of goodwill forms a significant part of the Group’<span class="_ _2"/>s<span class="_ _4"/> <span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">total goodwill ar<span class="_ _3"/>e 7<span class="_ _24e"/>.4% (2022: 7<span class="_ _26"/>.6%) in ‘North Sea, Baltic Sea and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Mediterranean’<span class="_ _26"/>, in ‘Dry Goods’<span class="_ _24e"/>, and in ‘Cold Chain’<span class="_ _26"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Sensitivity analy<span class="_ _3"/>sis</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">As part of the prepar<span class="_ _3"/>ation of impairment tests, sensitivity anal<span class="_ _2"/>ysis is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">prepar<span class="_ _2"/>ed based on relevant risk f<span class="_ _3"/>actors and scenarios that Mana<span class="_ _3"/>gement </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">can determine with reasonable r<span class="_ _2"/>eliability<span class="_ _3"/>. Sensitivity analyses ar<span class="_ _2"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">prepar<span class="_ _2"/>ed by altering the estimates within the r<span class="_ _3"/>ange of probable </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">outcomes. The sensitivities hav<span class="_ _3"/>e been assessed as follows, all o<span class="_ _3"/>ther </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">things being equal:</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">• <span class="_ _3b"> </span><span class="ws0">An incr<span class="_ _3"/>ease in the discount ra<span class="_ _3"/>te of 0<span class="_ _2"/>.5%-points.</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">• <span class="_ _3b"> </span><span class="ws0">A decr<span class="_ _3"/>ease in EBIT of 10%.</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">None of the above calcula<span class="_ _2"/>tions have given rise to adjustmen<span class="_ _3"/>ts of the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">results o<span class="_ _3"/>f the impairment tests prepar<span class="_ _2"/>ed.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Impairment tests 2023</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Based on the impairment tests prepar<span class="_ _2"/>ed at year-end 2023 no cash-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">genera<span class="_ _3"/>ting units are deemed impair<span class="_ _3"/>ed in 2023 and no impairment losses </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">recognised in prior y<span class="_ _3"/>ears have been r<span class="_ _2"/>eversed. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Impairment tests 2022</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Based on the impairment tests prepar<span class="_ _2"/>ed at year-end 2022 no cash-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">genera<span class="_ _3"/>ting units are deemed impair<span class="_ _3"/>ed in 2022 and no impairment losses </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">recognised in prior y<span class="_ _3"/>ears have been r<span class="_ _2"/>eversed. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> Accounting <span class="_ _4c"> </span>policies<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The carrying amount of Goodwill, non-current intangible, tangible and right<span class="_ _2"/>-<span class="_ _4"/>of-use assets ar<span class="_ _2"/>e<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">continuously assessed, a<span class="_ _2"/>t least once a year<span class="_ _2"/>, to determine whether there is an indica<span class="_ _2"/>tion of impairment.<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">When such indication e<span class="_ _3"/>xists the reco<span class="_ _3"/>verable amoun<span class="_ _3"/>t of the asset is assessed. The reco<span class="_ _3"/>ver<span class="_ _3"/>able amount </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">is the higher of the fair value less costs of disposal and the v<span class="_ _2"/>alue<span class="_ _4"/>-in-use. The value-in-use is calculated </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">as the present v<span class="_ _3"/>alue of the future ne<span class="_ _3"/>t cash flow<span class="_ _2"/>, which the asset is expected t<span class="_ _3"/>o generat<span class="_ _3"/>e either by itself </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">or from the lo<span class="_ _3"/>west cash-genera<span class="_ _3"/>ting unit to which the asset is allocated.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Significant accounting estimates and judgements <span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Climate rel<span class="_ _3"/>ated ma<span class="_ _3"/>tters</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Management continuousl<span class="_ _2"/>y monitors climate related risk<span class="_ _2"/>s when measuring the recover<span class="_ _2"/>able amount.<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">While DFDS' opera<span class="_ _3"/>tions are not curr<span class="_ _2"/>ently exposed to significant ph<span class="_ _3"/>ysical risk, the value-in-use may be </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">impacted b<span class="_ _3"/>y transition risk, such as legislation, r<span class="_ _2"/>egulations, and changes in demand for the Group's </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">services. Although no single climate r<span class="_ _3"/>elated assumption is a k<span class="_ _2"/>ey assumption for this year's impairment </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">test, expecta<span class="_ _2"/>tions for the following years ha<span class="_ _3"/>ve been incorpor<span class="_ _3"/>ated into pr<span class="_ _3"/>ojected cash flow<span class="_ _3"/>s: increased </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">opera<span class="_ _3"/>ting costs for e-trucks, in<span class="_ _3"/>vestments to impr<span class="_ _3"/>ove fuel efficienc<span class="_ _2"/>y and conversion to green fuels.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Determination of cash-genera<span class="_ _3"/>ting units </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Judgement and estimates ar<span class="_ _2"/>e applied in the determination of cash generating units t<span class="_ _3"/>o which goodwill </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">is allocated for impairment t<span class="_ _3"/>esting as well as in the selection of methodologies and assumptions </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">applied in impairment tests. The determination of cash-gener<span class="_ _3"/>ating units differs based on the business </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">area. Most of the freight f<span class="_ _3"/>erries in North Sea, Baltic Sea and Mediterranean ar<span class="_ _3"/>e interchangeable with </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">each other and wher<span class="_ _3"/>e and how the fleet of ferries is deplo<span class="_ _3"/>yed is centr<span class="_ _3"/>ally decided. Consequen<span class="_ _3"/>tly<span class="_ _24e"/>, these<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">areas ar<span class="_ _2"/>e tested for impairment as a single cash-generating unit. Conversel<span class="_ _2"/>y<span class="_ _3"/>, the vessels servicing the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">English Channel, Oslo-Frederiksha<span class="_ _3"/>vn-Copenhagen and Amsterdam-Ne<span class="_ _2"/>wcastle routes can be used </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ex<span class="_ _2"/>clusively in each specific itiner<span class="_ _2"/>ar<span class="_ _4"/>y<span class="_ _2"/>. Consequently<span class="_ _2"/>, these areas ar<span class="_ _3"/>e individually test<span class="_ _3"/>ed for impairment </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">as a separa<span class="_ _3"/>te cash-generating units. Managemen<span class="_ _3"/>t views the logistics business ar<span class="_ _3"/>eas as two cash </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">genera<span class="_ _3"/>ting units based on services provided and equipment used being specific to ea<span class="_ _3"/>ch business</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">area: Cold and Dry<span class="_ _2"/>.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2<span class="_ _4"/>.5<span class="_ _4"/> <span class="_ _3c"> </span>Amortisation, depr<span class="_ _3"/>ecia<span class="_ _3"/>tion, and impairment losses for the y<span class="_ _2"/>ear</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:316.029296875px;"><span style="position: absolute; display: inline-block; left: 0px; top: 0.0097656px; width: 519.574px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 52.6699px; display: inline-block;">DKK million</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 374.027px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 24.8379px; display: inline-block;">2023</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.244px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="width: 23.7949px; display: inline-block;">2022</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 22.0547px; width: 517.295px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 127.348px; display: inline-block;">Amortisation and deprecia</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 77.7891px; display: inline-block;">tion for the year:</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 310.963px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 37.2441px; width: 521.596px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 36.7793px; display: inline-block;">Softwar</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.74805px; display: inline-block;">e</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 393.574px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 15.9023px; display: inline-block;">-64</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.0136px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 18.041px; display: inline-block;">-48 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 52.4629px; width: 519.715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 123.586px; display: inline-block;">Port concession rights etc.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 312.31px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 15.4453px; display: inline-block;">-35</span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; width: 48.498px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 4.42969px; display: inline-block;"> </span>-35</span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 67.6816px; width: 521.531px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 165.838px; display: inline-block;">Other non-current intangible assets</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 271.459px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 1.29675px; letter-spacing: -1.29675px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.98438px; display: inline-block;">-7</span><span style="word-spacing: 1.29675px; letter-spacing: -1.29675px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 4.78125px; display: inline-block;">8</span><span style="word-spacing: 1.29675px; letter-spacing: -1.29675px; display: inline-block; margin-left: 0px; width: 49.3125px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> -52 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 88.4453px; width: 519.275px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 123.24px; display: inline-block;">otal amortisation for the y</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 16.1074px; display: inline-block;">ear</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 287.062px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.8385px; letter-spacing: -0.8385px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 2.87109px; display: inline-block;">-</span><span style="word-spacing: 0.8385px; letter-spacing: -0.8385px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 9.87891px; display: inline-block;">17</span><span style="word-spacing: 0.8385px; letter-spacing: -0.8385px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.47266px; display: inline-block;">8</span><span style="word-spacing: 0.8385px; letter-spacing: -0.8385px; display: inline-block; margin-left: 0px; width: 47.7832px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span></span><span style="width: 3.70898px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 17.9414px; display: inline-block;">135</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 110.432px; width: 522.047px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 77.7129px; display: inline-block;">Land &amp; Buildings</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 358.758px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 8.21484px; display: inline-block;">-2</span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.45508px; display: inline-block;">6</span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; width: 50.0332px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> -15 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 125.65px; width: 521.508px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.95898px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 40.4941px; display: inline-block;">erminals</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 390.405px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 15.7324px; display: inline-block;">-67</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.2969px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -59 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 140.869px; width: 521.701px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 105.41px; display: inline-block;">Ferries and other ships</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 317.045px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 3.74414px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 8.06836px; display: inline-block;">1,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.5156px; display: inline-block;">060</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.4179px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 23.8301px; display: inline-block;">-927 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 156.088px; width: 521.631px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 70.7988px; display: inline-block;">Equipment etc.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 358.758px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 21.6855px; display: inline-block;">-432</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.4179px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 23.9707px; display: inline-block;">-328 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 171.322px; width: 521.73px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 37.6113px; display: inline-block;">Right-of</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 53.2852px; display: inline-block;">-use assets</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 331.728px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 3.74414px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 8.06836px; display: inline-block;">1,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.4277px; display: inline-block;">030</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.6641px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 8.06836px; display: inline-block;">1,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.2734px; display: inline-block;">042 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 192.086px; width: 519.088px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 63.9727px; display: inline-block;">otal deprecia</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 74.8125px; display: inline-block;">tion for the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 278.279px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 3.70898px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 27.0586px; display: inline-block;">2,615</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.133px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.51675px; letter-spacing: -0.51675px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 8.74805px; display: inline-block;">-2</span><span style="word-spacing: 0.51675px; letter-spacing: -0.51675px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 8.24414px; display: inline-block;">,3</span><span style="word-spacing: 0.51675px; letter-spacing: -0.51675px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.51367px; display: inline-block;">7</span><span style="word-spacing: 0.51675px; letter-spacing: -0.51675px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.01562px; display: inline-block;">1</span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 212.82px; width: 521.473px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 147.967px; display: inline-block;">otal amortisation and deprecia</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 74.8125px; display: inline-block;">tion for the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 194.549px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 3.70898px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 9.05273px; display: inline-block;">2,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.7031px; display: inline-block;">793</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.5469px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.7559px; display: inline-block;">-2,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.6719px; display: inline-block;">505 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 248.102px; width: 517.506px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 146.924px; display: inline-block;">Impairment losses for the year:</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 368.52px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 263.291px; width: 521.537px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 70.7988px; display: inline-block;">Equipment etc.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 374.555px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 4.42969px; display: inline-block;"> </span>-1</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 284.055px; width: 521.467px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 76.3535px; display: inline-block;">otal impairment</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 363.762px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.38672px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.0156px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.45825px; letter-spacing: -0.45825px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 8.32031px; display: inline-block;">-1</span><span style="word-spacing: 0.45825px; letter-spacing: -0.45825px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 304.789px; width: 521.309px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 130.4px; display: inline-block;">otal amortisation, deprecia</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 184.512px; display: inline-block;">tion and impairment losses for the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 102.732px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 3.70898px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 9.05273px; display: inline-block;">2,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.7031px; display: inline-block;">793</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.0664px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.7559px; display: inline-block;">-2,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.6719px; display: inline-block;">505 </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> Accounting <span class="_ _4c"> </span>policies<span class="_ _4"/> <span class="_ _fe"> </span><span class="ls0 ws0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Amortisation and deprecia<span class="_ _3"/>tion for the year ar<span class="_ _2"/>e recognised based on the amortisation and deprecia<span class="_ _3"/>tion </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">profiles of the underl<span class="_ _2"/>ying assets. Reference is made to no<span class="_ _3"/>te 3.1.1, 3<span class="_ _2"/>.1.2 and 3.1.<span class="_ _3"/>3.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2<span class="_ _4"/>.5<span class="_ _4"/> <span class="_ _3c"> </span>Amortisation, depr<span class="_ _3"/>ecia<span class="_ _3"/>tion, and impairment losses for the y<span class="_ _2"/>ear</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:316.029296875px;"><span style="position: absolute; display: inline-block; left: 0px; top: 0.0097656px; width: 519.574px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 52.6699px; display: inline-block;">DKK million</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 374.027px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 24.8379px; display: inline-block;">2023</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.244px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="width: 23.7949px; display: inline-block;">2022</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 22.0547px; width: 517.295px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 127.348px; display: inline-block;">Amortisation and deprecia</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 77.7891px; display: inline-block;">tion for the year:</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 310.963px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 37.2441px; width: 521.596px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 36.7793px; display: inline-block;">Softwar</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.74805px; display: inline-block;">e</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 393.574px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 15.9023px; display: inline-block;">-64</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.0136px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 18.041px; display: inline-block;">-48 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 52.4629px; width: 519.715px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 123.586px; display: inline-block;">Port concession rights etc.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 312.31px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 15.4453px; display: inline-block;">-35</span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; width: 48.498px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 4.42969px; display: inline-block;"> </span>-35</span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 67.6816px; width: 521.531px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 165.838px; display: inline-block;">Other non-current intangible assets</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 271.459px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 1.29675px; letter-spacing: -1.29675px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.98438px; display: inline-block;">-7</span><span style="word-spacing: 1.29675px; letter-spacing: -1.29675px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 4.78125px; display: inline-block;">8</span><span style="word-spacing: 1.29675px; letter-spacing: -1.29675px; display: inline-block; margin-left: 0px; width: 49.3125px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> -52 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 88.4453px; width: 519.275px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 123.24px; display: inline-block;">otal amortisation for the y</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 16.1074px; display: inline-block;">ear</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 287.062px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.8385px; letter-spacing: -0.8385px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 2.87109px; display: inline-block;">-</span><span style="word-spacing: 0.8385px; letter-spacing: -0.8385px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 9.87891px; display: inline-block;">17</span><span style="word-spacing: 0.8385px; letter-spacing: -0.8385px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.47266px; display: inline-block;">8</span><span style="word-spacing: 0.8385px; letter-spacing: -0.8385px; display: inline-block; margin-left: 0px; width: 47.7832px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span></span><span style="width: 3.70898px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 17.9414px; display: inline-block;">135</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 110.432px; width: 522.047px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 77.7129px; display: inline-block;">Land &amp; Buildings</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 358.758px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 8.21484px; display: inline-block;">-2</span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.45508px; display: inline-block;">6</span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; width: 50.0332px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> -15 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 125.65px; width: 521.508px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.95898px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 40.4941px; display: inline-block;">erminals</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 390.405px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 15.7324px; display: inline-block;">-67</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.2969px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -59 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 140.869px; width: 521.701px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 105.41px; display: inline-block;">Ferries and other ships</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 317.045px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 3.74414px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 8.06836px; display: inline-block;">1,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.5156px; display: inline-block;">060</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.4179px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 23.8301px; display: inline-block;">-927 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 156.088px; width: 521.631px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 70.7988px; display: inline-block;">Equipment etc.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 358.758px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 21.6855px; display: inline-block;">-432</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.4179px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 23.9707px; display: inline-block;">-328 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 171.322px; width: 521.73px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 37.6113px; display: inline-block;">Right-of</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 53.2852px; display: inline-block;">-use assets</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 331.728px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 3.74414px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 8.06836px; display: inline-block;">1,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.4277px; display: inline-block;">030</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.6641px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 8.06836px; display: inline-block;">1,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.2734px; display: inline-block;">042 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 192.086px; width: 519.088px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 63.9727px; display: inline-block;">otal deprecia</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 74.8125px; display: inline-block;">tion for the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 278.279px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 3.70898px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 27.0586px; display: inline-block;">2,615</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.133px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.51675px; letter-spacing: -0.51675px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 8.74805px; display: inline-block;">-2</span><span style="word-spacing: 0.51675px; letter-spacing: -0.51675px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 8.24414px; display: inline-block;">,3</span><span style="word-spacing: 0.51675px; letter-spacing: -0.51675px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.51367px; display: inline-block;">7</span><span style="word-spacing: 0.51675px; letter-spacing: -0.51675px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.01562px; display: inline-block;">1</span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 212.82px; width: 521.473px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 147.967px; display: inline-block;">otal amortisation and deprecia</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 74.8125px; display: inline-block;">tion for the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 194.549px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 3.70898px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 9.05273px; display: inline-block;">2,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.7031px; display: inline-block;">793</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.5469px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.7559px; display: inline-block;">-2,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.6719px; display: inline-block;">505 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 248.102px; width: 517.506px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 146.924px; display: inline-block;">Impairment losses for the year:</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 368.52px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 263.291px; width: 521.537px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 70.7988px; display: inline-block;">Equipment etc.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 374.555px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 4.42969px; display: inline-block;"> </span>-1</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 284.055px; width: 521.467px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 76.3535px; display: inline-block;">otal impairment</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 363.762px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.38672px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.0156px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.45825px; letter-spacing: -0.45825px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 8.32031px; display: inline-block;">-1</span><span style="word-spacing: 0.45825px; letter-spacing: -0.45825px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 304.789px; width: 521.309px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 130.4px; display: inline-block;">otal amortisation, deprecia</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 184.512px; display: inline-block;">tion and impairment losses for the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 102.732px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 3.70898px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 9.05273px; display: inline-block;">2,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.7031px; display: inline-block;">793</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.0664px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.7559px; display: inline-block;">-2,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.6719px; display: inline-block;">505 </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> Accounting <span class="_ _4c"> </span>policies<span class="_ _4"/> <span class="_ _fe"> </span><span class="ls0 ws0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Amortisation and deprecia<span class="_ _3"/>tion for the year ar<span class="_ _2"/>e recognised based on the amortisation and deprecia<span class="_ _3"/>tion </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">profiles of the underl<span class="_ _2"/>ying assets. Reference is made to no<span class="_ _3"/>te 3.1.1, 3<span class="_ _2"/>.1.2 and 3.1.<span class="_ _3"/>3.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> Accounting <span class="_ _4c"> </span>policies<span class="_ _4"/> <span class="_ _fe"> </span><span class="ls0 ws0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Amortisation and deprecia<span class="_ _3"/>tion for the year ar<span class="_ _2"/>e recognised based on the amortisation and deprecia<span class="_ _3"/>tion </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">profiles of the underl<span class="_ _2"/>ying assets. Reference is made to no<span class="_ _3"/>te 3.1.1, 3<span class="_ _2"/>.1.2 and 3.1.<span class="_ _3"/>3.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2.<span class="_ _2"/>6 T<span class="_ _24e"/>ax</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:576.857421875px;"><span style="position: absolute; display: inline-block; left: 0px; top: 0.0097656px; width: 519.574px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 52.6699px; display: inline-block;">DKK million</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 374.027px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 24.8379px; display: inline-block;">2023</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.244px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="width: 23.7949px; display: inline-block;">2022</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 22.0547px; width: 517.541px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 131.59px; display: inline-block;">ax in the income statement:</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 378.716px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 37.2441px; width: 522.17px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 53.0918px; display: inline-block;">Current tax</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 378.716px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 3.74414px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 16.4004px; display: inline-block;">131</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.9784px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -188 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 52.4629px; width: 521.73px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 45.4395px; display: inline-block;">Movemen</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 79.418px; display: inline-block;">t in deferred tax f</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 49.916px; display: inline-block;">or the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 266.719px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 11.2324px; display: inline-block;">13</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6406px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.29102px; display: inline-block;">8 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 67.6816px; width: 521.936px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 98.6836px; display: inline-block;">Adjustment to corpor</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 57.6855px; display: inline-block;">ation tax in r</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 156.873px; display: inline-block;">espect of prior years and one-offs</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 124.283px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 8.21484px; display: inline-block;">-2</span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.36719px; display: inline-block;">3</span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; width: 63.1406px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 8.2207px; display: inline-block;">4 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 82.9004px; width: 521.941px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 96.0234px; display: inline-block;">Adjustment to deferr</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 140.918px; display: inline-block;">ed tax in respect of prior years</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 209.244px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 4.42969px; display: inline-block;"> </span>17</span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 98.1191px; width: 521.695px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 120.434px; display: inline-block;">Effect of change in corpor</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 75.7676px; display: inline-block;">ate income tax r</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 15.8262px; display: inline-block;">ate</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 232.054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 7.64648px; display: inline-block;">-1</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 54.6386px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 4.42969px; display: inline-block;"> </span>-3 </span></span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 113.338px; width: 521.484px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 71.9004px; display: inline-block;">Reversal of writ</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 9.49219px; display: inline-block;">e-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 67.2305px; display: inline-block;">down of deferr</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 62.4199px; display: inline-block;">ed tax assets</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 235.389px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.0136px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 4.42969px; display: inline-block;"> </span>10 </span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 128.586px; width: 521.836px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 68.748px; display: inline-block;">ax for the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 356.567px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.45825px; letter-spacing: -0.45825px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 14.1797px; display: inline-block;">-14</span><span style="word-spacing: 0.45825px; letter-spacing: -0.45825px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.61914px; display: inline-block;">2</span><span style="word-spacing: 0.45825px; letter-spacing: -0.45825px; display: inline-block; margin-left: 0px; width: 42.9784px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> -152 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 150.602px; width: 517.318px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 84.3809px; display: inline-block;">ax for the year is r</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 94.4414px; display: inline-block;">ecognised as follow</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 8.06836px; display: inline-block;">s:</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 324.117px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 165.791px; width: 521.555px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.95898px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 126.715px; display: inline-block;">ax in the income statement</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 299.889px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 7.64648px; display: inline-block;">-1</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.37305px; display: inline-block;">4</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.44336px; display: inline-block;">8</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 44.244px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.4355px; display: inline-block;">120 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 181.01px; width: 521.906px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.95898px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 160.887px; display: inline-block;">ax in Other comprehensive income</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 280.008px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.15234px; display: inline-block;">6</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.0332px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -32 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 201.789px; width: 521.836px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 68.748px; display: inline-block;">ax for the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 356.567px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.45825px; letter-spacing: -0.45825px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 14.1797px; display: inline-block;">-14</span><span style="word-spacing: 0.45825px; letter-spacing: -0.45825px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.61914px; display: inline-block;">2</span><span style="word-spacing: 0.45825px; letter-spacing: -0.45825px; display: inline-block; margin-left: 0px; width: 42.9784px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> -152 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 223.805px; width: 517.6px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 245.555px; display: inline-block;">ax in the income statement can be specified as follo</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.2754px; display: inline-block;">ws: </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 247.4px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 238.994px; width: 519.668px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 42.8438px; display: inline-block;">Profit bef</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 32.7539px; display: inline-block;">ore tax</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 351.1px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.06836px; display: inline-block;">1,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 17.9531px; display: inline-block;">652</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 26.1738px; display: inline-block;">2,139</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 257.604px; width: 522.047px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 142.137px; display: inline-block;">Income subject to tonnage tax</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 280.916px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 3.74414px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 8.06836px; display: inline-block;">1,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.1582px; display: inline-block;">796</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.6641px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 28.7578px; display: inline-block;">1,696 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 278.367px; width: 521.836px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 160.066px; display: inline-block;">Profit before tax subject to corpor</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 71.1094px; display: inline-block;">ate income tax</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 199.26px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.45825px; letter-spacing: -0.45825px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 8.32031px; display: inline-block;">-1</span><span style="word-spacing: 0.45825px; letter-spacing: -0.45825px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.86523px; display: inline-block;">4</span><span style="word-spacing: 0.45825px; letter-spacing: -0.45825px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.86523px; display: inline-block;">4</span><span style="word-spacing: 0.45825px; letter-spacing: -0.45825px; display: inline-block; margin-left: 0px; width: 50.0332px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span></span><span style="width: 20.9941px; display: inline-block;">443 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 300.354px; width: 521.807px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 93.9023px; display: inline-block;">22% tax of profit bef</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 32.7539px; display: inline-block;">ore tax</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 313.16px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 11.9355px; display: inline-block;">32</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.4727px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.1755px; letter-spacing: -0.1755px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span>-97</span><span style="word-spacing: 0.1755px; letter-spacing: -0.1755px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 315.572px; width: 521.643px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 106.699px; display: inline-block;">Adjustment of calculat</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 171.791px; display: inline-block;">ed tax in foreign subsidiaries compar</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 46.0254px; display: inline-block;">ed to 22%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 117.17px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 11.127px; display: inline-block;">16</span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; width: 53.8477px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> -5 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 334.211px; width: 517.541px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 56.9824px; display: inline-block;">ax effect of:</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 453.322px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 349.416px; width: 521.725px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 38.1328px; display: inline-block;">Non-tax</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 124.529px; display: inline-block;">able/non-deductible items</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 270.393px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 3.74414px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 16.2656px; display: inline-block;">115</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.0332px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -40 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 364.635px; width: 521.771px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.95898px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 95.1445px; display: inline-block;">ax asset for the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 74.6953px; display: inline-block;">, not recognised</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 262.283px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 16.0781px; display: inline-block;">-60</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span>-1</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.54883px; display: inline-block;">0</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 379.854px; width: 521.484px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 185.139px; display: inline-block;">Utilisation of non-capitalised tax assets</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 260.273px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.15234px; display: inline-block;">6</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6406px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.2793px; display: inline-block;">3 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 395.072px; width: 521.531px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 103.898px; display: inline-block;">Adjustments of tax in r</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 156.873px; display: inline-block;">espect of prior years and one-offs</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 176.08px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 8.21484px; display: inline-block;">-2</span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.36719px; display: inline-block;">3</span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; width: 52.0136px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> 32 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 415.836px; width: 521.561px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 98.6426px; display: inline-block;">Corporate income ta</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.66016px; display: inline-block;">x</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 326.197px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.45825px; letter-spacing: -0.45825px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 8.32031px; display: inline-block;">-1</span><span style="word-spacing: 0.45825px; letter-spacing: -0.45825px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.86523px; display: inline-block;">4</span><span style="word-spacing: 0.45825px; letter-spacing: -0.45825px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.86523px; display: inline-block;">4</span><span style="word-spacing: 0.45825px; letter-spacing: -0.45825px; display: inline-block; margin-left: 0px; width: 45.0529px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 11.0566px; display: inline-block;">11</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 8.08594px; display: inline-block;">7 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 437.822px; width: 521.789px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.95898px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 53.1211px; display: inline-block;">onnage tax</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 383.884px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: -0.0975px; letter-spacing: 0.0975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 9.94922px; display: inline-block;">-4</span><span style="word-spacing: -0.0975px; letter-spacing: 0.0975px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 4.42969px; display: inline-block;"> </span>-3</span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 458.586px; width: 521.613px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 153.791px; display: inline-block;">otal tax in the income statement</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 271.459px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.45825px; letter-spacing: -0.45825px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 14.1797px; display: inline-block;">-14</span><span style="word-spacing: 0.45825px; letter-spacing: -0.45825px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.85352px; display: inline-block;">8</span><span style="word-spacing: 0.45825px; letter-spacing: -0.45825px; display: inline-block; margin-left: 0px; width: 43.3534px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.0508px; display: inline-block;">120 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 480.572px; width: 521.578px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 47.0273px; display: inline-block;">Effective t</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 27.5098px; display: inline-block;">ax rat</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 22.5527px; display: inline-block;">e (%)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 340.699px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.43875px; letter-spacing: -0.43875px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.63672px; display: inline-block;">8</span><span style="word-spacing: 0.43875px; letter-spacing: -0.43875px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 8.19141px; display: inline-block;">.9</span><span style="word-spacing: 0.43875px; letter-spacing: -0.43875px; display: inline-block; margin-left: 0px; width: 52.0136px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span>5.6</span><span style="word-spacing: 0.43875px; letter-spacing: -0.43875px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 495.791px; width: 521.771px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 47.0273px; display: inline-block;">Effective t</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 27.5098px; display: inline-block;">ax rat</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 47.0859px; display: inline-block;">e before a</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 209.121px; display: inline-block;">djustment of prior years’ tax and one-offs (%)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 109.154px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 1.17px; letter-spacing: -1.17px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.38672px; display: inline-block;">7.</span><span style="word-spacing: 1.17px; letter-spacing: -1.17px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 4.76367px; display: inline-block;">5</span><span style="word-spacing: 1.17px; letter-spacing: -1.17px; display: inline-block; margin-left: 0px; width: 54.6386px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> 7</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 10.2773px; display: inline-block;">.1 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 514.43px; width: 517.424px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 120.961px; display: inline-block;">ax in Other comprehensiv</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 175.922px; display: inline-block;">e income can be specified as follows:</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 213.768px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 529.635px; width: 522.076px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 38.9824px; display: inline-block;">Corpora</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 63.5625px; display: inline-block;">te income tax</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 343.301px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -31 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 544.854px; width: 521.566px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 45.4395px; display: inline-block;">Movemen</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 63.5215px; display: inline-block;">t deferred tax</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 336.914px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.15234px; display: inline-block;">6</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 4.42969px; display: inline-block;"> </span>-1</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 565.617px; width: 521.9px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 146.139px; display: inline-block;">otal tax in Other comprehensiv</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 42.7676px; display: inline-block;">e income</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 251.683px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.36914px; display: inline-block;">6</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.0332px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -32 </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2.<span class="_ _2"/>6 T<span class="_ _24e"/>ax <span class="_ _23c"/></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(<span class="_ _2"/>continued)</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The majority of the ferry activities performed in the Danish, T<span class="_ _26"/>urkish, French and Lithuanian enterprises in the Group </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are included in local tonna<span class="_ _3"/>ge tax schemes where the tax<span class="_ _2"/>able income related to tr<span class="_ _2"/>anspor<span class="_ _4"/>tation of passengers and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">freight is calcula<span class="_ _3"/>ted based on the tonnage deploy<span class="_ _2"/>ed during the year and not the actual profits gener<span class="_ _2"/>ated. T<span class="_ _24e"/>axable </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">income rela<span class="_ _3"/>ted to other activities is tax<span class="_ _2"/>ed according to the normal corpora<span class="_ _2"/>te income tax rules and at the standard </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">corpora<span class="_ _3"/>te tax ra<span class="_ _3"/>tes.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In 2023, the Gr<span class="_ _2"/>oup realised a total effectiv<span class="_ _2"/>e tax rate adjusted f<span class="_ _3"/>or prior years’ tax and one-offs of 7<span class="_ _24e"/>.5% (2022: 7<span class="_ _26"/>.1%).<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Addition on<span class="_ _4"/> acquisiti<span class="_ _4"/>on of ente<span class="_ _4"/>rprises <span class="_ _4"/>primarily relates to the a<span class="_ _3"/>cquisition of the McBurney group and the Estr<span class="_ _2"/>on group in </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2023. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS A/S and its Danish subsidiaries ar<span class="_ _3"/>e subject to compulsory joint taxa<span class="_ _3"/>tion with Lauritzen Fonden Holding ApS </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and its Danish controlled enterprises. La<span class="_ _3"/>uritzen Fonden Holding ApS is the administr<span class="_ _3"/>ation company in the joint </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">taxa<span class="_ _3"/>tion and settles all pa<span class="_ _3"/>yments of corpora<span class="_ _3"/>tion tax due by the joint tax<span class="_ _2"/>ed enterprises. In accordance with the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Danish rules on joint taxa<span class="_ _2"/>tion, DFDS A/S and its Danish subsidiaries are liable for their own corpor<span class="_ _2"/>ate tax due and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are onl<span class="_ _2"/>y subsidiar<span class="_ _4"/>y and pro r<span class="_ _2"/>ata liable for the corpora<span class="_ _3"/>tion tax liabilities towar<span class="_ _2"/>ds the Danish tax authorities for all </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">other enterprises that ar<span class="_ _2"/>e par<span class="_ _4"/>t of the Danish joint taxa<span class="_ _3"/>tion.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:271.107421875px;"><span style="position: absolute; display: inline-block; left: 0px; top: 0.0097656px; width: 518.508px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 52.6699px; display: inline-block;">DKK million</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 194.068px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6406px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.9315px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.9315px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.9315px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1836px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 24.8379px; display: inline-block;">2023</span></span></span><span style="position: absolute; display: inline-block; left: 270.406px; top: 22.0547px; width: 46.2949px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 46.2949px; display: inline-block;">Land and </span></span><span style="position: absolute; display: inline-block; left: 220.031px; top: 34.0547px; width: 33.7793px; white-space: pre; word-spacing: 0.0975px; letter-spacing: -0.0975px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 33.7793px; display: inline-block;">Ferries </span></span><span style="position: absolute; display: inline-block; left: 268.312px; top: 34.0547px; width: 48.4629px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 48.4629px; display: inline-block;">buildings, </span></span><span style="position: absolute; display: inline-block; left: 233.312px; top: 46.0547px; width: 20.2266px; white-space: pre; word-spacing: 0.0975px; letter-spacing: -0.0975px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 20.2559px; display: inline-block;">and </span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="position: absolute; display: inline-block; left: 268.312px; top: 46.0547px; width: 47.4961px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 47.4961px; display: inline-block;">terminals </span></span><span style="position: absolute; display: inline-block; left: 377.359px; top: 46.0547px; width: 40.1484px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 35.4023px; display: inline-block;">ax loss </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.49588px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 226.766px; top: 58.0547px; width: 26.8066px; white-space: pre; word-spacing: 0.0975px; letter-spacing: -0.0975px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 26.8066px; display: inline-block;">other </span></span><span style="position: absolute; display: inline-block; left: 268.312px; top: 58.0703px; width: 47.8359px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 47.8359px; display: inline-block;">and other </span></span><span style="position: absolute; display: inline-block; left: 337.953px; top: 58.0703px; width: 28.3184px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 28.3184px; display: inline-block;">Provi-</span></span><span style="position: absolute; display: inline-block; left: 381.203px; top: 58.0703px; width: 36.5391px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 36.5684px; display: inline-block;">carried </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 70.0547px; width: 59.8594px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 59.8594px; display: inline-block;">Deferred tax</span></span><span style="position: absolute; display: inline-block; left: 226.766px; top: 70.0547px; width: 24.293px; white-space: pre; word-spacing: 0.0975px; letter-spacing: -0.0975px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 24.293px; display: inline-block;">ships</span></span><span style="position: absolute; display: inline-block; left: 263.016px; top: 70.0703px; width: 50.959px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 50.959px; display: inline-block;">equipment</span></span><span style="position: absolute; display: inline-block; left: 341.516px; top: 70.0703px; width: 24.5508px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 24.5508px; display: inline-block;">sions</span></span><span style="position: absolute; display: inline-block; left: 378.422px; top: 70.0703px; width: 139.342px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 37.9277px; display: inline-block;">forward</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 23.4727px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 26.9824px; display: inline-block;">Other</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 26.4961px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.2891px; display: inline-block;">otal</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 92.0566px; width: 355.506px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 47.0449px; display: inline-block;">Deferred t</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 71.8594px; display: inline-block;">ax at 1 January</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 114.885px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 17.2383px; display: inline-block;">134</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.996px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 17.8066px; display: inline-block;">223</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="position: absolute; display: inline-block; left: 355.506px; top: 92.0566px; width: 46.1777px; white-space: pre; word-spacing: 0.117px; letter-spacing: -0.117px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 9.68555px; display: inline-block;">-9</span><span style="word-spacing: 0.117px; letter-spacing: -0.117px; display: inline-block; margin-left: 0px; width: 36.4922px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="position: absolute; display: inline-block; left: 401.684px; top: 92.0566px; width: 116.713px; white-space: pre; word-spacing: 0.0975px; letter-spacing: -0.0975px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 14.6836px; display: inline-block;">-31</span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; width: 42.9784px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="word-spacing: 1.29675px; letter-spacing: -1.29675px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.98438px; display: inline-block;">-7</span><span style="word-spacing: 1.29675px; letter-spacing: -1.29675px; display: inline-block; margin-left: 0px; width: 34.0547px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="word-spacing: 0.06825px; letter-spacing: -0.06825px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 18.0117px; display: inline-block;">310</span></span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 107.275px; width: 518.525px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 43.002px; display: inline-block;">Foreign e</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 101.344px; display: inline-block;">xchange adjustments</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 101.215px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.4415px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 5.16797px; display: inline-block;">1</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.6482px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.0529px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.6482px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.6154px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.53125px; display: inline-block;">1</span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 122.494px; width: 194.561px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 42.7148px; display: inline-block;">Impact fr</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 105.979px; display: inline-block;">om change in corporat</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 46.793px; display: inline-block;">e income </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 135.994px; width: 518.766px; white-space: pre; word-spacing: 0.04875px; letter-spacing: -0.04875px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 36.5918px; display: inline-block;">tax rate</span><span style="word-spacing: 0.04875px; letter-spacing: -0.04875px; display: inline-block; margin-left: 0px; width: 208.054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.4415px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 5.16797px; display: inline-block;">1</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.996px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 5.16797px; display: inline-block;">1</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.5741px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 7.64648px; display: inline-block;">-1</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 45.6154px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.6154px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.53125px; display: inline-block;">1</span></span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 151.213px; width: 518.408px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 172.576px; display: inline-block;">Addition on acquisition of enterprises</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.8185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.0136px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 11.9355px; display: inline-block;">45</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: -0.0975px; letter-spacing: 0.0975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 9.94922px; display: inline-block;">-4</span><span style="word-spacing: -0.0975px; letter-spacing: 0.0975px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="width: 9.67383px; display: inline-block;">-5</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.1699px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 11.9941px; display: inline-block;">53</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.133px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 12.6855px; display: inline-block;">89</span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 166.432px; width: 516.973px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 170.256px; display: inline-block;">Recognised in the income statement</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.4395px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 1.29675px; letter-spacing: -1.29675px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.98438px; display: inline-block;">-7</span><span style="word-spacing: 1.29675px; letter-spacing: -1.29675px; display: inline-block; margin-left: 0px; width: 59.0156px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 5.92969px; display: inline-block;">5</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.6482px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.01172px; display: inline-block;">4</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.133px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 12.2871px; display: inline-block;">-17</span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; width: 45.6154px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 6.07617px; display: inline-block;">8</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.5741px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 1.365px; letter-spacing: -1.365px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 7.00195px; display: inline-block;">-7</span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 181.65px; width: 518.619px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 160.271px; display: inline-block;">Recognised in other comprehensiv</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 42.3691px; display: inline-block;">e income</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.5741px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 9.89648px; display: inline-block;">-6</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.0529px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.6482px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 10.0723px; display: inline-block;">-6</span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 196.869px; width: 209.256px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 59.6074px; display: inline-block;">Adjustment r</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 73.3535px; display: inline-block;">egarding prior y</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 77.2207px; display: inline-block;">ears recognised </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 210.385px; width: 518.42px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 112.887px; display: inline-block;">in the income statement</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 131.602px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 8.21484px; display: inline-block;">-2</span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; width: 45.0529px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.996px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 5.16797px; display: inline-block;">1</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.6154px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 5.16797px; display: inline-block;">1</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.6482px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.38672px; display: inline-block;">0</span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 225.604px; width: 210.979px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 133.002px; display: inline-block;">Utilisation of tax losses betw</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 42.1816px; display: inline-block;">een jointl</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 36.7207px; display: inline-block;">y taxed </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 239.104px; width: 518.361px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 51.9492px; display: inline-block;">companies</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 193.107px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.1875px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.6482px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.5741px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 7.64648px; display: inline-block;">-1</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 46.9042px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 5.16797px; display: inline-block;">1</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.244px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.38672px; display: inline-block;">0</span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 259.867px; width: 233.109px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 68.3965px; display: inline-block;">Deferred tax a</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 68.9941px; display: inline-block;">t 31 December</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 96.1815px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="position: absolute; display: inline-block; left: 233.109px; top: 259.867px; width: 63.1289px; white-space: pre; word-spacing: 0.039px; letter-spacing: -0.039px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 17.5137px; display: inline-block;">127</span><span style="word-spacing: 0.039px; letter-spacing: -0.039px; display: inline-block; margin-left: 0px; width: 45.6154px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span></span><span style="position: absolute; display: inline-block; left: 296.238px; top: 259.867px; width: 104.139px; white-space: pre; word-spacing: 0.18525px; letter-spacing: -0.18525px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.89453px; display: inline-block;">2</span><span style="word-spacing: 0.18525px; letter-spacing: -0.18525px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 11.959px; display: inline-block;">73</span><span style="word-spacing: 0.18525px; letter-spacing: -0.18525px; display: inline-block; margin-left: 0px; width: 35.8946px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span><span style="word-spacing: 0.45825px; letter-spacing: -0.45825px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 8.32031px; display: inline-block;">-1</span><span style="word-spacing: 0.45825px; letter-spacing: -0.45825px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.86523px; display: inline-block;">4</span><span style="word-spacing: 0.45825px; letter-spacing: -0.45825px; display: inline-block; margin-left: 0px; width: 35.4199px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span></span></span><span style="position: absolute; display: inline-block; left: 400.377px; top: 259.867px; width: 118.195px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 16.1367px; display: inline-block;">-54</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.748px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.4805px; display: inline-block;">56</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.9102px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 18.9199px; display: inline-block;">388</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:437.263671875px;"><span style="position: absolute; display: inline-block; left: 0px; top: 0.0097656px; width: 518.584px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 52.6699px; display: inline-block;">DKK million</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 194.068px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6406px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.9315px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.9315px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.9315px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.3027px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="width: 23.7949px; display: inline-block;">2022</span></span><span style="position: absolute; display: inline-block; left: 269.984px; top: 22.0703px; width: 46.2949px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 46.2949px; display: inline-block;">Land and </span></span><span style="position: absolute; display: inline-block; left: 218.609px; top: 34.0547px; width: 33.7793px; white-space: pre; word-spacing: 0.0975px; letter-spacing: -0.0975px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 33.7793px; display: inline-block;">Ferries </span></span><span style="position: absolute; display: inline-block; left: 267.875px; top: 34.0703px; width: 48.4629px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 48.4629px; display: inline-block;">buildings, </span></span><span style="position: absolute; display: inline-block; left: 231.641px; top: 46.0547px; width: 20.2266px; white-space: pre; word-spacing: 0.0975px; letter-spacing: -0.0975px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 20.2559px; display: inline-block;">and </span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="position: absolute; display: inline-block; left: 267.875px; top: 46.0703px; width: 47.4961px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 47.4961px; display: inline-block;">terminals </span></span><span style="position: absolute; display: inline-block; left: 377.734px; top: 46.0703px; width: 40.1484px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 35.4023px; display: inline-block;">ax loss </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.49588px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 225.625px; top: 58.0703px; width: 26.8066px; white-space: pre; word-spacing: 0.0975px; letter-spacing: -0.0975px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 26.8066px; display: inline-block;">other </span></span><span style="position: absolute; display: inline-block; left: 267.875px; top: 58.0703px; width: 47.8359px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 47.8359px; display: inline-block;">and other </span></span><span style="position: absolute; display: inline-block; left: 337.141px; top: 58.0703px; width: 28.3184px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 28.3184px; display: inline-block;">Provi-</span></span><span style="position: absolute; display: inline-block; left: 382.141px; top: 58.0703px; width: 36.5391px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 36.5684px; display: inline-block;">carried </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 70.0547px; width: 59.8594px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 59.8594px; display: inline-block;">Deferred tax</span></span><span style="position: absolute; display: inline-block; left: 225.625px; top: 70.0703px; width: 24.293px; white-space: pre; word-spacing: 0.0975px; letter-spacing: -0.0975px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 24.293px; display: inline-block;">ships</span></span><span style="position: absolute; display: inline-block; left: 263.094px; top: 70.0703px; width: 50.959px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 50.959px; display: inline-block;">equipment</span></span><span style="position: absolute; display: inline-block; left: 340.234px; top: 70.0703px; width: 24.5508px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 24.5508px; display: inline-block;">sions</span></span><span style="position: absolute; display: inline-block; left: 377.734px; top: 70.0703px; width: 139.342px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 37.9277px; display: inline-block;">forward</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 23.4727px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 26.9824px; display: inline-block;">Other</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 26.4961px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.2891px; display: inline-block;">otal</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 92.0566px; width: 520.775px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 47.0449px; display: inline-block;">Deferred t</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 71.8594px; display: inline-block;">ax at 1 January</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 115.324px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 19.3184px; display: inline-block;">154 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.244px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 19.6406px; display: inline-block;">180 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.4062px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 7.64648px; display: inline-block;">-1</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 32.291px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span>-1</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.44336px; display: inline-block;">8</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 33.0469px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> 19 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 25.8516px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> 334 </span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 107.275px; width: 520.512px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 43.002px; display: inline-block;">Foreign e</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 101.344px; display: inline-block;">xchange adjustments</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 90.8261px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 13.2539px; display: inline-block;">12 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.498px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 4.42969px; display: inline-block;"> </span>-2</span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; width: 40.4062px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.1699px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 1 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.4062px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.9102px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 13.8867px; display: inline-block;">13 </span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 122.494px; width: 194.561px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 42.7148px; display: inline-block;">Impact fr</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 105.979px; display: inline-block;">om change in corporat</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 46.793px; display: inline-block;">e income </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 136.01px; width: 520.611px; white-space: pre; word-spacing: 0.04875px; letter-spacing: -0.04875px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 36.5918px; display: inline-block;">tax rate</span><span style="word-spacing: 0.04875px; letter-spacing: -0.04875px; display: inline-block; margin-left: 0px; width: 205.881px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 7 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.1699px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 1 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.6641px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -5 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.4062px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.4062px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> 3 </span></span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 151.229px; width: 520.506px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 172.576px; display: inline-block;">Addition on acquisition of enterprises</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.9142px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.6154px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 19 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.4062px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.4062px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.4062px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 32.6719px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> 19 </span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 166.447px; width: 520.893px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 170.256px; display: inline-block;">Recognised in the income statement</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 66.1815px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -8 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 3 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.4062px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 4 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.2832px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 12.5508px; display: inline-block;">11 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 7 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.6641px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> -5 </span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 181.666px; width: 520.582px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 160.271px; display: inline-block;">Recognised in other comprehensiv</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 42.3691px; display: inline-block;">e income</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.4062px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 32.291px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span>-1</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.37305px; display: inline-block;">4</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 38.133px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 12.5508px; display: inline-block;">11 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.4062px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.0391px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.156px; letter-spacing: -0.156px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 4.11914px; display: inline-block;"> </span>-3 </span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 196.885px; width: 209.256px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 59.6074px; display: inline-block;">Adjustment r</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 73.3535px; display: inline-block;">egarding prior y</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 77.2207px; display: inline-block;">ears recognised </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 210.385px; width: 298.775px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 112.887px; display: inline-block;">in the income statement</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 129.281px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.996px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="position: absolute; display: inline-block; left: 298.775px; top: 210.385px; width: 152.789px; white-space: pre; word-spacing: 0.0975px; letter-spacing: -0.0975px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 4.42969px; display: inline-block;"> </span>16 </span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; width: 34.6641px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 4.42969px; display: inline-block;"> </span>-3</span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; width: 40.4062px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 7.64648px; display: inline-block;">-1</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 33.0469px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span></span><span style="position: absolute; display: inline-block; left: 451.564px; top: 210.385px; width: 69.4219px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 18.0879px; display: inline-block;">-33 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.9102px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> -21 </span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 225.604px; width: 209.256px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 59.6074px; display: inline-block;">Adjustment r</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 73.3535px; display: inline-block;">egarding prior y</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 77.2207px; display: inline-block;">ears recognised </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 239.104px; width: 520.482px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 102.902px; display: inline-block;">in other comprehensiv</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 42.3691px; display: inline-block;">e income</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 98.0565px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0801px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.4062px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 4 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.4062px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.4062px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.4062px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> 4 </span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 254.338px; width: 210.773px; white-space: pre; word-spacing: -0.02925px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 132.885px; display: inline-block;">Utilisation of tax losses betw</span><span style="word-spacing: -0.02925px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 42.1523px; display: inline-block;">een jointl</span><span style="word-spacing: -0.02925px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 36.6621px; display: inline-block;">y taxed </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 267.838px; width: 520.881px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 51.9492px; display: inline-block;">companies</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 190.172px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.4062px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.4062px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 2 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.4062px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> 2 </span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 283.057px; width: 179.309px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 71.9004px; display: inline-block;">Reversal of writ</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 9.49219px; display: inline-block;">e-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 67.2305px; display: inline-block;">down of deferr</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 31.623px; display: inline-block;">ed tax </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 296.557px; width: 520.383px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 30.8027px; display: inline-block;">assets</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 211.67px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0801px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.4062px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.9102px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span>-1</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.54883px; display: inline-block;">0</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 40.4062px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.9102px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.45825px; letter-spacing: -0.45825px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span>-10</span><span style="word-spacing: 0.45825px; letter-spacing: -0.45825px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 317.32px; width: 521.086px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 68.3965px; display: inline-block;">Deferred tax a</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 68.9941px; display: inline-block;">t 31 December</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 91.4884px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 134 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 223 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.0664px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span>-9 </span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; width: 33.5449px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span></span><span style="width: 17.5898px; display: inline-block;">-31 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.748px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 1.365px; letter-spacing: -1.365px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span>-7</span><span style="word-spacing: 1.365px; letter-spacing: -1.365px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span><span style="word-spacing: 1.365px; letter-spacing: -1.365px; display: inline-block; margin-left: 0px; width: 27.2109px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> 310 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 352.791px; width: 519.445px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 54.5039px; display: inline-block;">DKK million</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 389.096px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 24.8379px; display: inline-block;">2023</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 27.2109px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 23.7949px; display: inline-block;">2022</span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 374.807px; width: 517.219px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 47.0449px; display: inline-block;">Deferred t</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 191.502px; display: inline-block;">ax is recognised in the balance sheet as f</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 32.6777px; display: inline-block;">ollows:</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 244.705px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 390.025px; width: 521.854px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 47.0449px; display: inline-block;">Deferred t</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 44.6309px; display: inline-block;">ax assets</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 362.754px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 1.29675px; letter-spacing: -1.29675px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.98438px; display: inline-block;">-7</span><span style="word-spacing: 1.29675px; letter-spacing: -1.29675px; display: inline-block; margin-left: 0px; width: 1.38867px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="width: 4.88086px; display: inline-block;">9</span><span style="word-spacing: 1.29675px; letter-spacing: -1.29675px; display: inline-block; margin-left: 0px; width: 36.4922px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 18.1406px; display: inline-block;">-49 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 405.244px; width: 521.637px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 47.0449px; display: inline-block;">Deferred t</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 55.6934px; display: inline-block;">ax liabilities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 348.111px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 17.9941px; display: inline-block;">467</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 30.6621px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 359 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 426.023px; width: 521.525px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 68.3965px; display: inline-block;">Deferred tax a</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 68.9941px; display: inline-block;">t 31 December</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.4961px; display: inline-block;">, net</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 293.473px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 18.9199px; display: inline-block;">388</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.5645px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 310 </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Group has unr<span class="_ _2"/>ecognised tax losses carried forward of DKK 1,<span class="_ _3"/>429m with a tax value of DKK 333m (2022: tax </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">losses of DKK 803m, tax value of DKK 1<span class="_ _3"/>85m). Of the unrecognised tax losses carried forw<span class="_ _3"/>ard of DKK 1,<span class="_ _2"/>429m (2022:<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DKK 803m) DKK 1,332m e<span class="_ _2"/>xpires within the next five y<span class="_ _2"/>ears (2022: DKK 759m) and DKK 97m e<span class="_ _3"/>xpires after mor<span class="_ _2"/>e than<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">five years (2022: DKK 44m). The t<span class="_ _3"/>ax losses of DKK 1,429m (2022: DKK 803m) ha<span class="_ _3"/>ve not been r<span class="_ _2"/>ecognised as it has<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">been assessed that the losses cannot be utilised in the for<span class="_ _2"/>eseeable future. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Group is liable to a contingent t<span class="_ _3"/>ax that may arise a<span class="_ _3"/>t the withdra<span class="_ _3"/>wal fr<span class="_ _3"/>om tonnage tax<span class="_ _3"/>ation schemes. The Gr<span class="_ _3"/>oup </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">controls the withdr<span class="_ _2"/>awal and has no plans to withdra<span class="_ _2"/>w from the schemes and consequently no def<span class="_ _3"/>erred tax has </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">been recognised.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Group is within the scope of the OECD Pillar II model rules r<span class="_ _2"/>egarding minimum taxation o<span class="_ _3"/>f 15%. The rules were </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">implemented throughout EU in 2023 with eff<span class="_ _3"/>ect from 1 January 202<span class="_ _3"/>4. Since the Pillar II legislation was not eff<span class="_ _3"/>ective </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">on the reporting date<span class="_ _3"/>, the Group has no r<span class="_ _3"/>elated curr<span class="_ _3"/>ent tax exposur<span class="_ _2"/>e. Under the legislation, the Group is liable to </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">pay a top-up tax for the differ<span class="_ _2"/>ence between the effective t<span class="_ _3"/>ax rat<span class="_ _3"/>e per jurisdiction calculated as per Pillar II </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">legislation and the 15% minimum r<span class="_ _3"/>ate. Since income fr<span class="_ _2"/>om shipping is excluded fr<span class="_ _3"/>om the minimum taxa<span class="_ _3"/>tion rules, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the rules are not e<span class="_ _2"/>xpected to have any ma<span class="_ _2"/>terial impact for the Group<span class="fc8">. Furthermor<span class="_ _3"/>e, the Group has applied the </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ex<span class="_ _2"/>ception to recognising and disclosing information about def<span class="_ _3"/>erred tax asse<span class="_ _3"/>ts and liabilities relat<span class="_ _3"/>ed to Pillar II </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">income taxes, as pr<span class="_ _2"/>ovided in the amendments to IAS 12 in May 2023<span class="_ _2"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Significant accounting estimates<span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Deferred t<span class="_ _3"/>ax assets, including the tax value of t<span class="_ _3"/>ax losses carried forwar<span class="_ _3"/>d, are r<span class="_ _3"/>ecognised to the extent </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">that Management assesses tha<span class="_ _3"/>t the tax asset can be utilised through positiv<span class="_ _2"/>e taxable income in the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">foreseeable futur<span class="_ _2"/>e which usually is within 3-5 years. Judgement is perf<span class="_ _3"/>ormed annually based on </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">forecasts, business initia<span class="_ _2"/>tives and likel<span class="_ _3"/>y structural changes for the coming y<span class="_ _2"/>ears.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> Accounting <span class="_ _4c"> </span>policies<span class="_ _4"/> <span class="_ _fe"> </span><span class="ls0 ws0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">T<span class="_ _24e"/>ax for the year comprises income tax, tonnage tax, and joint t<span class="_ _3"/>axation contribution f<span class="_ _3"/>or the year of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Danish subsidiaries as well as changes in deferr<span class="_ _2"/>ed tax for the year<span class="_ _24e"/>. Additionally<span class="_ _2"/>, the tax for the year </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">comprises adjustments to prior years' t<span class="_ _3"/>axes and changes in the assessment of pr<span class="_ _3"/>ovisions for uncertain </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">tax positions. The tax for the y<span class="_ _3"/>ear is recognised in the income sta<span class="_ _3"/>tement or in the equity in correla<span class="_ _3"/>tion to </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the underlying tr<span class="_ _2"/>ansaction.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The current pa<span class="_ _3"/>yable Danish corpor<span class="_ _3"/>ation tax is allocat<span class="_ _3"/>ed by the settlemen<span class="_ _3"/>t of a joint taxa<span class="_ _3"/>tion </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">contribution between the jointl<span class="_ _2"/>y taxed companies in proportion to their tax<span class="_ _2"/>able income. Companies </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">with tax losses receiv<span class="_ _3"/>e joint taxa<span class="_ _2"/>tion contributions from companies that hav<span class="_ _3"/>e been able to utilise the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">tax losses to reduce their o<span class="_ _2"/>wn taxable profit. T<span class="_ _24e"/>ax computed on the taxable income and tonna<span class="_ _3"/>ge tax for </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the year is r<span class="_ _3"/>ecognised in the balance sheet as pay<span class="_ _3"/>able or receiv<span class="_ _3"/>able corporat<span class="_ _3"/>e tax considering on-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">account/<span class="_ _2"/>advance pa<span class="_ _3"/>yments.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Deferred t<span class="_ _3"/>ax is pro<span class="_ _3"/>vided for using the liability method on tempor<span class="_ _3"/>ary differences betw<span class="_ _3"/>een the carrying </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">amount and the tax base of the assets and liabilities at the r<span class="_ _2"/>epor<span class="_ _4"/>ting date. Ho<span class="_ _3"/>wev<span class="_ _2"/>er<span class="_ _2"/>, deferred tax is not </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">recognised on tempor<span class="_ _2"/>ar<span class="_ _4"/>y differences r<span class="_ _2"/>elating to non-tax<span class="_ _2"/>-deductible goodwill that arose on acquisition </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">date without impac<span class="_ _3"/>ting the result or tax<span class="_ _2"/>able income. Deferred tax r<span class="_ _3"/>elating to assets and liabilities </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">subject to tonnage tax<span class="_ _2"/>ation is recognised to the e<span class="_ _3"/>xtent that deferr<span class="_ _2"/>ed tax is expected to crystallise. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Deferred t<span class="_ _3"/>ax assets are r<span class="_ _2"/>ecognised for all deductible temporary differ<span class="_ _3"/>ences and the carry forward of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">any unused tax losses. Deferr<span class="_ _2"/>ed tax assets are recognised to the e<span class="_ _2"/>xtent that it is probable tha<span class="_ _3"/>t taxable </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">profit will be a<span class="_ _3"/>vailable against which the deductible t<span class="_ _3"/>emporary differ<span class="_ _3"/>ences, and the carry forward of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">unused tax losses, can be utilised in the for<span class="_ _3"/>eseeable future. The carrying amount is r<span class="_ _3"/>eview<span class="_ _2"/>ed at each </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">reporting date<span class="_ _3"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Deferred t<span class="_ _3"/>ax is measured based on the e<span class="_ _3"/>xpected use and settlement o<span class="_ _3"/>f the individual assets and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">liabilities and according t<span class="_ _3"/>o the tax rules and at the known tax r<span class="_ _2"/>ates applicable at the balance sheet </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">date when the deferr<span class="_ _2"/>ed tax is expected to crystallise as curr<span class="_ _3"/>ent tax. The change in deferr<span class="_ _3"/>ed tax as a </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">result o<span class="_ _3"/>f changes in tax ra<span class="_ _3"/>tes is recognised in the income sta<span class="_ _3"/>tement. Uncertain tax positions are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">measured, depending on the type, either as a pr<span class="_ _2"/>obability-weighted a<span class="_ _2"/>verage of possible outcomes or as </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the most likel<span class="_ _2"/>y outcome. Uncertain tax positions are recognised either as pa<span class="_ _2"/>yable/<span class="_ _3"/>receivable t<span class="_ _3"/>ax and/</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">or as deferred t<span class="_ _3"/>ax assets/liabilities.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:271.107421875px;"><span style="position: absolute; display: inline-block; left: 0px; top: 0.0097656px; width: 518.508px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 52.6699px; display: inline-block;">DKK million</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 194.068px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6406px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.9315px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.9315px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.9315px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1836px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 24.8379px; display: inline-block;">2023</span></span></span><span style="position: absolute; display: inline-block; left: 270.406px; top: 22.0547px; width: 46.2949px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 46.2949px; display: inline-block;">Land and </span></span><span style="position: absolute; display: inline-block; left: 220.031px; top: 34.0547px; width: 33.7793px; white-space: pre; word-spacing: 0.0975px; letter-spacing: -0.0975px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 33.7793px; display: inline-block;">Ferries </span></span><span style="position: absolute; display: inline-block; left: 268.312px; top: 34.0547px; width: 48.4629px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 48.4629px; display: inline-block;">buildings, </span></span><span style="position: absolute; display: inline-block; left: 233.312px; top: 46.0547px; width: 20.2266px; white-space: pre; word-spacing: 0.0975px; letter-spacing: -0.0975px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 20.2559px; display: inline-block;">and </span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="position: absolute; display: inline-block; left: 268.312px; top: 46.0547px; width: 47.4961px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 47.4961px; display: inline-block;">terminals </span></span><span style="position: absolute; display: inline-block; left: 377.359px; top: 46.0547px; width: 40.1484px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 35.4023px; display: inline-block;">ax loss </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.49588px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 226.766px; top: 58.0547px; width: 26.8066px; white-space: pre; word-spacing: 0.0975px; letter-spacing: -0.0975px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 26.8066px; display: inline-block;">other </span></span><span style="position: absolute; display: inline-block; left: 268.312px; top: 58.0703px; width: 47.8359px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 47.8359px; display: inline-block;">and other </span></span><span style="position: absolute; display: inline-block; left: 337.953px; top: 58.0703px; width: 28.3184px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 28.3184px; display: inline-block;">Provi-</span></span><span style="position: absolute; display: inline-block; left: 381.203px; top: 58.0703px; width: 36.5391px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 36.5684px; display: inline-block;">carried </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 70.0547px; width: 59.8594px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 59.8594px; display: inline-block;">Deferred tax</span></span><span style="position: absolute; display: inline-block; left: 226.766px; top: 70.0547px; width: 24.293px; white-space: pre; word-spacing: 0.0975px; letter-spacing: -0.0975px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 24.293px; display: inline-block;">ships</span></span><span style="position: absolute; display: inline-block; left: 263.016px; top: 70.0703px; width: 50.959px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 50.959px; display: inline-block;">equipment</span></span><span style="position: absolute; display: inline-block; left: 341.516px; top: 70.0703px; width: 24.5508px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 24.5508px; display: inline-block;">sions</span></span><span style="position: absolute; display: inline-block; left: 378.422px; top: 70.0703px; width: 139.342px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 37.9277px; display: inline-block;">forward</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 23.4727px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 26.9824px; display: inline-block;">Other</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 26.4961px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.2891px; display: inline-block;">otal</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 92.0566px; width: 355.506px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 47.0449px; display: inline-block;">Deferred t</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 71.8594px; display: inline-block;">ax at 1 January</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 114.885px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 17.2383px; display: inline-block;">134</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.996px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 17.8066px; display: inline-block;">223</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="position: absolute; display: inline-block; left: 355.506px; top: 92.0566px; width: 46.1777px; white-space: pre; word-spacing: 0.117px; letter-spacing: -0.117px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 9.68555px; display: inline-block;">-9</span><span style="word-spacing: 0.117px; letter-spacing: -0.117px; display: inline-block; margin-left: 0px; width: 36.4922px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="position: absolute; display: inline-block; left: 401.684px; top: 92.0566px; width: 116.713px; white-space: pre; word-spacing: 0.0975px; letter-spacing: -0.0975px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 14.6836px; display: inline-block;">-31</span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; width: 42.9784px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="word-spacing: 1.29675px; letter-spacing: -1.29675px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.98438px; display: inline-block;">-7</span><span style="word-spacing: 1.29675px; letter-spacing: -1.29675px; display: inline-block; margin-left: 0px; width: 34.0547px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="word-spacing: 0.06825px; letter-spacing: -0.06825px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 18.0117px; display: inline-block;">310</span></span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 107.275px; width: 518.525px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 43.002px; display: inline-block;">Foreign e</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 101.344px; display: inline-block;">xchange adjustments</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 101.215px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.4415px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 5.16797px; display: inline-block;">1</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.6482px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.0529px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.6482px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.6154px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.53125px; display: inline-block;">1</span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 122.494px; width: 194.561px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 42.7148px; display: inline-block;">Impact fr</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 105.979px; display: inline-block;">om change in corporat</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 46.793px; display: inline-block;">e income </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 135.994px; width: 518.766px; white-space: pre; word-spacing: 0.04875px; letter-spacing: -0.04875px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 36.5918px; display: inline-block;">tax rate</span><span style="word-spacing: 0.04875px; letter-spacing: -0.04875px; display: inline-block; margin-left: 0px; width: 208.054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.4415px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 5.16797px; display: inline-block;">1</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.996px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 5.16797px; display: inline-block;">1</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.5741px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 7.64648px; display: inline-block;">-1</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 45.6154px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.6154px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.53125px; display: inline-block;">1</span></span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 151.213px; width: 518.408px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 172.576px; display: inline-block;">Addition on acquisition of enterprises</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.8185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.0136px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 11.9355px; display: inline-block;">45</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: -0.0975px; letter-spacing: 0.0975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 9.94922px; display: inline-block;">-4</span><span style="word-spacing: -0.0975px; letter-spacing: 0.0975px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="width: 9.67383px; display: inline-block;">-5</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.1699px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 11.9941px; display: inline-block;">53</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.133px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 12.6855px; display: inline-block;">89</span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 166.432px; width: 516.973px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 170.256px; display: inline-block;">Recognised in the income statement</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.4395px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 1.29675px; letter-spacing: -1.29675px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.98438px; display: inline-block;">-7</span><span style="word-spacing: 1.29675px; letter-spacing: -1.29675px; display: inline-block; margin-left: 0px; width: 59.0156px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 5.92969px; display: inline-block;">5</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.6482px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.01172px; display: inline-block;">4</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.133px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 12.2871px; display: inline-block;">-17</span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; width: 45.6154px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 6.07617px; display: inline-block;">8</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.5741px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 1.365px; letter-spacing: -1.365px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 7.00195px; display: inline-block;">-7</span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 181.65px; width: 518.619px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 160.271px; display: inline-block;">Recognised in other comprehensiv</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 42.3691px; display: inline-block;">e income</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.5741px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 9.89648px; display: inline-block;">-6</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.0529px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.6482px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 10.0723px; display: inline-block;">-6</span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 196.869px; width: 209.256px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 59.6074px; display: inline-block;">Adjustment r</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 73.3535px; display: inline-block;">egarding prior y</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 77.2207px; display: inline-block;">ears recognised </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 210.385px; width: 518.42px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 112.887px; display: inline-block;">in the income statement</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 131.602px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 8.21484px; display: inline-block;">-2</span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; width: 45.0529px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.996px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 5.16797px; display: inline-block;">1</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.6154px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 5.16797px; display: inline-block;">1</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.6482px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.38672px; display: inline-block;">0</span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 225.604px; width: 210.979px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 133.002px; display: inline-block;">Utilisation of tax losses betw</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 42.1816px; display: inline-block;">een jointl</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 36.7207px; display: inline-block;">y taxed </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 239.104px; width: 518.361px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 51.9492px; display: inline-block;">companies</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 193.107px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.1875px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.6482px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.5741px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 7.64648px; display: inline-block;">-1</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 46.9042px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 5.16797px; display: inline-block;">1</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.244px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.38672px; display: inline-block;">0</span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 259.867px; width: 233.109px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 68.3965px; display: inline-block;">Deferred tax a</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 68.9941px; display: inline-block;">t 31 December</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 96.1815px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="position: absolute; display: inline-block; left: 233.109px; top: 259.867px; width: 63.1289px; white-space: pre; word-spacing: 0.039px; letter-spacing: -0.039px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 17.5137px; display: inline-block;">127</span><span style="word-spacing: 0.039px; letter-spacing: -0.039px; display: inline-block; margin-left: 0px; width: 45.6154px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span></span><span style="position: absolute; display: inline-block; left: 296.238px; top: 259.867px; width: 104.139px; white-space: pre; word-spacing: 0.18525px; letter-spacing: -0.18525px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.89453px; display: inline-block;">2</span><span style="word-spacing: 0.18525px; letter-spacing: -0.18525px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 11.959px; display: inline-block;">73</span><span style="word-spacing: 0.18525px; letter-spacing: -0.18525px; display: inline-block; margin-left: 0px; width: 35.8946px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span><span style="word-spacing: 0.45825px; letter-spacing: -0.45825px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 8.32031px; display: inline-block;">-1</span><span style="word-spacing: 0.45825px; letter-spacing: -0.45825px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.86523px; display: inline-block;">4</span><span style="word-spacing: 0.45825px; letter-spacing: -0.45825px; display: inline-block; margin-left: 0px; width: 35.4199px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span></span></span><span style="position: absolute; display: inline-block; left: 400.377px; top: 259.867px; width: 118.195px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 16.1367px; display: inline-block;">-54</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.748px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.4805px; display: inline-block;">56</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.9102px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 18.9199px; display: inline-block;">388</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:437.263671875px;"><span style="position: absolute; display: inline-block; left: 0px; top: 0.0097656px; width: 518.584px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 52.6699px; display: inline-block;">DKK million</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 194.068px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6406px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.9315px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.9315px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.9315px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.3027px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="width: 23.7949px; display: inline-block;">2022</span></span><span style="position: absolute; display: inline-block; left: 269.984px; top: 22.0703px; width: 46.2949px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 46.2949px; display: inline-block;">Land and </span></span><span style="position: absolute; display: inline-block; left: 218.609px; top: 34.0547px; width: 33.7793px; white-space: pre; word-spacing: 0.0975px; letter-spacing: -0.0975px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 33.7793px; display: inline-block;">Ferries </span></span><span style="position: absolute; display: inline-block; left: 267.875px; top: 34.0703px; width: 48.4629px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 48.4629px; display: inline-block;">buildings, </span></span><span style="position: absolute; display: inline-block; left: 231.641px; top: 46.0547px; width: 20.2266px; white-space: pre; word-spacing: 0.0975px; letter-spacing: -0.0975px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 20.2559px; display: inline-block;">and </span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="position: absolute; display: inline-block; left: 267.875px; top: 46.0703px; width: 47.4961px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 47.4961px; display: inline-block;">terminals </span></span><span style="position: absolute; display: inline-block; left: 377.734px; top: 46.0703px; width: 40.1484px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 35.4023px; display: inline-block;">ax loss </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.49588px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 225.625px; top: 58.0703px; width: 26.8066px; white-space: pre; word-spacing: 0.0975px; letter-spacing: -0.0975px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 26.8066px; display: inline-block;">other </span></span><span style="position: absolute; display: inline-block; left: 267.875px; top: 58.0703px; width: 47.8359px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 47.8359px; display: inline-block;">and other </span></span><span style="position: absolute; display: inline-block; left: 337.141px; top: 58.0703px; width: 28.3184px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 28.3184px; display: inline-block;">Provi-</span></span><span style="position: absolute; display: inline-block; left: 382.141px; top: 58.0703px; width: 36.5391px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 36.5684px; display: inline-block;">carried </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 70.0547px; width: 59.8594px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 59.8594px; display: inline-block;">Deferred tax</span></span><span style="position: absolute; display: inline-block; left: 225.625px; top: 70.0703px; width: 24.293px; white-space: pre; word-spacing: 0.0975px; letter-spacing: -0.0975px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 24.293px; display: inline-block;">ships</span></span><span style="position: absolute; display: inline-block; left: 263.094px; top: 70.0703px; width: 50.959px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 50.959px; display: inline-block;">equipment</span></span><span style="position: absolute; display: inline-block; left: 340.234px; top: 70.0703px; width: 24.5508px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 24.5508px; display: inline-block;">sions</span></span><span style="position: absolute; display: inline-block; left: 377.734px; top: 70.0703px; width: 139.342px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 37.9277px; display: inline-block;">forward</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 23.4727px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 26.9824px; display: inline-block;">Other</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 26.4961px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.2891px; display: inline-block;">otal</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 92.0566px; width: 520.775px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 47.0449px; display: inline-block;">Deferred t</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 71.8594px; display: inline-block;">ax at 1 January</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 115.324px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 19.3184px; display: inline-block;">154 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.244px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 19.6406px; display: inline-block;">180 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.4062px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 7.64648px; display: inline-block;">-1</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 32.291px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span>-1</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.44336px; display: inline-block;">8</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 33.0469px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> 19 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 25.8516px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> 334 </span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 107.275px; width: 520.512px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 43.002px; display: inline-block;">Foreign e</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 101.344px; display: inline-block;">xchange adjustments</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 90.8261px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 13.2539px; display: inline-block;">12 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.498px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 4.42969px; display: inline-block;"> </span>-2</span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; width: 40.4062px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.1699px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 1 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.4062px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.9102px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 13.8867px; display: inline-block;">13 </span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 122.494px; width: 194.561px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 42.7148px; display: inline-block;">Impact fr</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 105.979px; display: inline-block;">om change in corporat</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 46.793px; display: inline-block;">e income </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 136.01px; width: 520.611px; white-space: pre; word-spacing: 0.04875px; letter-spacing: -0.04875px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 36.5918px; display: inline-block;">tax rate</span><span style="word-spacing: 0.04875px; letter-spacing: -0.04875px; display: inline-block; margin-left: 0px; width: 205.881px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 7 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.1699px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 1 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.6641px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -5 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.4062px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.4062px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> 3 </span></span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 151.229px; width: 520.506px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 172.576px; display: inline-block;">Addition on acquisition of enterprises</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.9142px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.6154px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 19 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.4062px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.4062px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.4062px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 32.6719px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> 19 </span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 166.447px; width: 520.893px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 170.256px; display: inline-block;">Recognised in the income statement</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 66.1815px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -8 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 3 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.4062px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 4 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.2832px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 12.5508px; display: inline-block;">11 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 7 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.6641px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> -5 </span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 181.666px; width: 520.582px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 160.271px; display: inline-block;">Recognised in other comprehensiv</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 42.3691px; display: inline-block;">e income</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.4062px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 32.291px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span>-1</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.37305px; display: inline-block;">4</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 38.133px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 12.5508px; display: inline-block;">11 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.4062px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.0391px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.156px; letter-spacing: -0.156px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 4.11914px; display: inline-block;"> </span>-3 </span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 196.885px; width: 209.256px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 59.6074px; display: inline-block;">Adjustment r</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 73.3535px; display: inline-block;">egarding prior y</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 77.2207px; display: inline-block;">ears recognised </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 210.385px; width: 298.775px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 112.887px; display: inline-block;">in the income statement</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 129.281px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.996px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="position: absolute; display: inline-block; left: 298.775px; top: 210.385px; width: 152.789px; white-space: pre; word-spacing: 0.0975px; letter-spacing: -0.0975px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 4.42969px; display: inline-block;"> </span>16 </span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; width: 34.6641px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 4.42969px; display: inline-block;"> </span>-3</span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; width: 40.4062px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 7.64648px; display: inline-block;">-1</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 33.0469px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span></span><span style="position: absolute; display: inline-block; left: 451.564px; top: 210.385px; width: 69.4219px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 18.0879px; display: inline-block;">-33 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.9102px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> -21 </span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 225.604px; width: 209.256px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 59.6074px; display: inline-block;">Adjustment r</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 73.3535px; display: inline-block;">egarding prior y</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 77.2207px; display: inline-block;">ears recognised </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 239.104px; width: 520.482px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 102.902px; display: inline-block;">in other comprehensiv</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 42.3691px; display: inline-block;">e income</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 98.0565px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0801px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.4062px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 4 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.4062px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.4062px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.4062px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> 4 </span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 254.338px; width: 210.773px; white-space: pre; word-spacing: -0.02925px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 132.885px; display: inline-block;">Utilisation of tax losses betw</span><span style="word-spacing: -0.02925px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 42.1523px; display: inline-block;">een jointl</span><span style="word-spacing: -0.02925px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 36.6621px; display: inline-block;">y taxed </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 267.838px; width: 520.881px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 51.9492px; display: inline-block;">companies</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 190.172px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.4062px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.4062px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 2 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.4062px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> 2 </span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 283.057px; width: 179.309px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 71.9004px; display: inline-block;">Reversal of writ</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 9.49219px; display: inline-block;">e-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 67.2305px; display: inline-block;">down of deferr</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 31.623px; display: inline-block;">ed tax </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 296.557px; width: 520.383px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 30.8027px; display: inline-block;">assets</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 211.67px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0801px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.4062px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.9102px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span>-1</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.54883px; display: inline-block;">0</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 40.4062px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.9102px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.45825px; letter-spacing: -0.45825px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span>-10</span><span style="word-spacing: 0.45825px; letter-spacing: -0.45825px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 317.32px; width: 521.086px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 68.3965px; display: inline-block;">Deferred tax a</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 68.9941px; display: inline-block;">t 31 December</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 91.4884px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 134 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 223 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.0664px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span>-9 </span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; width: 33.5449px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span></span><span style="width: 17.5898px; display: inline-block;">-31 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.748px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 1.365px; letter-spacing: -1.365px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span>-7</span><span style="word-spacing: 1.365px; letter-spacing: -1.365px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span><span style="word-spacing: 1.365px; letter-spacing: -1.365px; display: inline-block; margin-left: 0px; width: 27.2109px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> 310 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 352.791px; width: 519.445px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 54.5039px; display: inline-block;">DKK million</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 389.096px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 24.8379px; display: inline-block;">2023</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 27.2109px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 23.7949px; display: inline-block;">2022</span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 374.807px; width: 517.219px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 47.0449px; display: inline-block;">Deferred t</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 191.502px; display: inline-block;">ax is recognised in the balance sheet as f</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 32.6777px; display: inline-block;">ollows:</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 244.705px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 390.025px; width: 521.854px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 47.0449px; display: inline-block;">Deferred t</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 44.6309px; display: inline-block;">ax assets</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 362.754px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 1.29675px; letter-spacing: -1.29675px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.98438px; display: inline-block;">-7</span><span style="word-spacing: 1.29675px; letter-spacing: -1.29675px; display: inline-block; margin-left: 0px; width: 1.38867px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="width: 4.88086px; display: inline-block;">9</span><span style="word-spacing: 1.29675px; letter-spacing: -1.29675px; display: inline-block; margin-left: 0px; width: 36.4922px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 18.1406px; display: inline-block;">-49 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 405.244px; width: 521.637px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 47.0449px; display: inline-block;">Deferred t</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 55.6934px; display: inline-block;">ax liabilities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 348.111px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 17.9941px; display: inline-block;">467</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 30.6621px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 359 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 426.023px; width: 521.525px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 68.3965px; display: inline-block;">Deferred tax a</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 68.9941px; display: inline-block;">t 31 December</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.4961px; display: inline-block;">, net</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 293.473px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 18.9199px; display: inline-block;">388</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.5645px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 310 </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Group has unr<span class="_ _2"/>ecognised tax losses carried forward of DKK 1,<span class="_ _3"/>429m with a tax value of DKK 333m (2022: tax </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">losses of DKK 803m, tax value of DKK 1<span class="_ _3"/>85m). Of the unrecognised tax losses carried forw<span class="_ _3"/>ard of DKK 1,<span class="_ _2"/>429m (2022:<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DKK 803m) DKK 1,332m e<span class="_ _2"/>xpires within the next five y<span class="_ _2"/>ears (2022: DKK 759m) and DKK 97m e<span class="_ _3"/>xpires after mor<span class="_ _2"/>e than<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">five years (2022: DKK 44m). The t<span class="_ _3"/>ax losses of DKK 1,429m (2022: DKK 803m) ha<span class="_ _3"/>ve not been r<span class="_ _2"/>ecognised as it has<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">been assessed that the losses cannot be utilised in the for<span class="_ _2"/>eseeable future. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Group is liable to a contingent t<span class="_ _3"/>ax that may arise a<span class="_ _3"/>t the withdra<span class="_ _3"/>wal fr<span class="_ _3"/>om tonnage tax<span class="_ _3"/>ation schemes. The Gr<span class="_ _3"/>oup </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">controls the withdr<span class="_ _2"/>awal and has no plans to withdra<span class="_ _2"/>w from the schemes and consequently no def<span class="_ _3"/>erred tax has </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">been recognised.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Group is within the scope of the OECD Pillar II model rules r<span class="_ _2"/>egarding minimum taxation o<span class="_ _3"/>f 15%. The rules were </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">implemented throughout EU in 2023 with eff<span class="_ _3"/>ect from 1 January 202<span class="_ _3"/>4. Since the Pillar II legislation was not eff<span class="_ _3"/>ective </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">on the reporting date<span class="_ _3"/>, the Group has no r<span class="_ _3"/>elated curr<span class="_ _3"/>ent tax exposur<span class="_ _2"/>e. Under the legislation, the Group is liable to </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">pay a top-up tax for the differ<span class="_ _2"/>ence between the effective t<span class="_ _3"/>ax rat<span class="_ _3"/>e per jurisdiction calculated as per Pillar II </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">legislation and the 15% minimum r<span class="_ _3"/>ate. Since income fr<span class="_ _2"/>om shipping is excluded fr<span class="_ _3"/>om the minimum taxa<span class="_ _3"/>tion rules, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the rules are not e<span class="_ _2"/>xpected to have any ma<span class="_ _2"/>terial impact for the Group<span class="fc8">. Furthermor<span class="_ _3"/>e, the Group has applied the </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ex<span class="_ _2"/>ception to recognising and disclosing information about def<span class="_ _3"/>erred tax asse<span class="_ _3"/>ts and liabilities relat<span class="_ _3"/>ed to Pillar II </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">income taxes, as pr<span class="_ _2"/>ovided in the amendments to IAS 12 in May 2023<span class="_ _2"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Significant accounting estimates<span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Deferred t<span class="_ _3"/>ax assets, including the tax value of t<span class="_ _3"/>ax losses carried forwar<span class="_ _3"/>d, are r<span class="_ _3"/>ecognised to the extent </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">that Management assesses tha<span class="_ _3"/>t the tax asset can be utilised through positiv<span class="_ _2"/>e taxable income in the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">foreseeable futur<span class="_ _2"/>e which usually is within 3-5 years. Judgement is perf<span class="_ _3"/>ormed annually based on </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">forecasts, business initia<span class="_ _2"/>tives and likel<span class="_ _3"/>y structural changes for the coming y<span class="_ _2"/>ears.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> Accounting <span class="_ _4c"> </span>policies<span class="_ _4"/> <span class="_ _fe"> </span><span class="ls0 ws0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">T<span class="_ _24e"/>ax for the year comprises income tax, tonnage tax, and joint t<span class="_ _3"/>axation contribution f<span class="_ _3"/>or the year of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Danish subsidiaries as well as changes in deferr<span class="_ _2"/>ed tax for the year<span class="_ _24e"/>. Additionally<span class="_ _2"/>, the tax for the year </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">comprises adjustments to prior years' t<span class="_ _3"/>axes and changes in the assessment of pr<span class="_ _3"/>ovisions for uncertain </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">tax positions. The tax for the y<span class="_ _3"/>ear is recognised in the income sta<span class="_ _3"/>tement or in the equity in correla<span class="_ _3"/>tion to </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the underlying tr<span class="_ _2"/>ansaction.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The current pa<span class="_ _3"/>yable Danish corpor<span class="_ _3"/>ation tax is allocat<span class="_ _3"/>ed by the settlemen<span class="_ _3"/>t of a joint taxa<span class="_ _3"/>tion </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">contribution between the jointl<span class="_ _2"/>y taxed companies in proportion to their tax<span class="_ _2"/>able income. Companies </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">with tax losses receiv<span class="_ _3"/>e joint taxa<span class="_ _2"/>tion contributions from companies that hav<span class="_ _3"/>e been able to utilise the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">tax losses to reduce their o<span class="_ _2"/>wn taxable profit. T<span class="_ _24e"/>ax computed on the taxable income and tonna<span class="_ _3"/>ge tax for </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the year is r<span class="_ _3"/>ecognised in the balance sheet as pay<span class="_ _3"/>able or receiv<span class="_ _3"/>able corporat<span class="_ _3"/>e tax considering on-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">account/<span class="_ _2"/>advance pa<span class="_ _3"/>yments.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Deferred t<span class="_ _3"/>ax is pro<span class="_ _3"/>vided for using the liability method on tempor<span class="_ _3"/>ary differences betw<span class="_ _3"/>een the carrying </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">amount and the tax base of the assets and liabilities at the r<span class="_ _2"/>epor<span class="_ _4"/>ting date. Ho<span class="_ _3"/>wev<span class="_ _2"/>er<span class="_ _2"/>, deferred tax is not </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">recognised on tempor<span class="_ _2"/>ar<span class="_ _4"/>y differences r<span class="_ _2"/>elating to non-tax<span class="_ _2"/>-deductible goodwill that arose on acquisition </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">date without impac<span class="_ _3"/>ting the result or tax<span class="_ _2"/>able income. Deferred tax r<span class="_ _3"/>elating to assets and liabilities </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">subject to tonnage tax<span class="_ _2"/>ation is recognised to the e<span class="_ _3"/>xtent that deferr<span class="_ _2"/>ed tax is expected to crystallise. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Deferred t<span class="_ _3"/>ax assets are r<span class="_ _2"/>ecognised for all deductible temporary differ<span class="_ _3"/>ences and the carry forward of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">any unused tax losses. Deferr<span class="_ _2"/>ed tax assets are recognised to the e<span class="_ _2"/>xtent that it is probable tha<span class="_ _3"/>t taxable </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">profit will be a<span class="_ _3"/>vailable against which the deductible t<span class="_ _3"/>emporary differ<span class="_ _3"/>ences, and the carry forward of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">unused tax losses, can be utilised in the for<span class="_ _3"/>eseeable future. The carrying amount is r<span class="_ _3"/>eview<span class="_ _2"/>ed at each </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">reporting date<span class="_ _3"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Deferred t<span class="_ _3"/>ax is measured based on the e<span class="_ _3"/>xpected use and settlement o<span class="_ _3"/>f the individual assets and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">liabilities and according t<span class="_ _3"/>o the tax rules and at the known tax r<span class="_ _2"/>ates applicable at the balance sheet </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">date when the deferr<span class="_ _2"/>ed tax is expected to crystallise as curr<span class="_ _3"/>ent tax. The change in deferr<span class="_ _3"/>ed tax as a </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">result o<span class="_ _3"/>f changes in tax ra<span class="_ _3"/>tes is recognised in the income sta<span class="_ _3"/>tement. Uncertain tax positions are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">measured, depending on the type, either as a pr<span class="_ _2"/>obability-weighted a<span class="_ _2"/>verage of possible outcomes or as </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the most likel<span class="_ _2"/>y outcome. Uncertain tax positions are recognised either as pa<span class="_ _2"/>yable/<span class="_ _3"/>receivable t<span class="_ _3"/>ax and/</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">or as deferred t<span class="_ _3"/>ax assets/liabilities.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> Accounting <span class="_ _4c"> </span>policies<span class="_ _4"/> <span class="_ _fe"> </span><span class="ls0 ws0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">T<span class="_ _24e"/>ax for the year comprises income tax, tonnage tax, and joint t<span class="_ _3"/>axation contribution f<span class="_ _3"/>or the year of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Danish subsidiaries as well as changes in deferr<span class="_ _2"/>ed tax for the year<span class="_ _24e"/>. Additionally<span class="_ _2"/>, the tax for the year </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">comprises adjustments to prior years' t<span class="_ _3"/>axes and changes in the assessment of pr<span class="_ _3"/>ovisions for uncertain </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">tax positions. The tax for the y<span class="_ _3"/>ear is recognised in the income sta<span class="_ _3"/>tement or in the equity in correla<span class="_ _3"/>tion to </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the underlying tr<span class="_ _2"/>ansaction.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The current pa<span class="_ _3"/>yable Danish corpor<span class="_ _3"/>ation tax is allocat<span class="_ _3"/>ed by the settlemen<span class="_ _3"/>t of a joint taxa<span class="_ _3"/>tion </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">contribution between the jointl<span class="_ _2"/>y taxed companies in proportion to their tax<span class="_ _2"/>able income. Companies </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">with tax losses receiv<span class="_ _3"/>e joint taxa<span class="_ _2"/>tion contributions from companies that hav<span class="_ _3"/>e been able to utilise the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">tax losses to reduce their o<span class="_ _2"/>wn taxable profit. T<span class="_ _24e"/>ax computed on the taxable income and tonna<span class="_ _3"/>ge tax for </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the year is r<span class="_ _3"/>ecognised in the balance sheet as pay<span class="_ _3"/>able or receiv<span class="_ _3"/>able corporat<span class="_ _3"/>e tax considering on-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">account/<span class="_ _2"/>advance pa<span class="_ _3"/>yments.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Deferred t<span class="_ _3"/>ax is pro<span class="_ _3"/>vided for using the liability method on tempor<span class="_ _3"/>ary differences betw<span class="_ _3"/>een the carrying </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">amount and the tax base of the assets and liabilities at the r<span class="_ _2"/>epor<span class="_ _4"/>ting date. Ho<span class="_ _3"/>wev<span class="_ _2"/>er<span class="_ _2"/>, deferred tax is not </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">recognised on tempor<span class="_ _2"/>ar<span class="_ _4"/>y differences r<span class="_ _2"/>elating to non-tax<span class="_ _2"/>-deductible goodwill that arose on acquisition </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">date without impac<span class="_ _3"/>ting the result or tax<span class="_ _2"/>able income. Deferred tax r<span class="_ _3"/>elating to assets and liabilities </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">subject to tonnage tax<span class="_ _2"/>ation is recognised to the e<span class="_ _3"/>xtent that deferr<span class="_ _2"/>ed tax is expected to crystallise. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Deferred t<span class="_ _3"/>ax assets are r<span class="_ _2"/>ecognised for all deductible temporary differ<span class="_ _3"/>ences and the carry forward of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">any unused tax losses. Deferr<span class="_ _2"/>ed tax assets are recognised to the e<span class="_ _2"/>xtent that it is probable tha<span class="_ _3"/>t taxable </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">profit will be a<span class="_ _3"/>vailable against which the deductible t<span class="_ _3"/>emporary differ<span class="_ _3"/>ences, and the carry forward of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">unused tax losses, can be utilised in the for<span class="_ _3"/>eseeable future. The carrying amount is r<span class="_ _3"/>eview<span class="_ _2"/>ed at each </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">reporting date<span class="_ _3"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Deferred t<span class="_ _3"/>ax is measured based on the e<span class="_ _3"/>xpected use and settlement o<span class="_ _3"/>f the individual assets and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">liabilities and according t<span class="_ _3"/>o the tax rules and at the known tax r<span class="_ _2"/>ates applicable at the balance sheet </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">date when the deferr<span class="_ _2"/>ed tax is expected to crystallise as curr<span class="_ _3"/>ent tax. The change in deferr<span class="_ _3"/>ed tax as a </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">result o<span class="_ _3"/>f changes in tax ra<span class="_ _3"/>tes is recognised in the income sta<span class="_ _3"/>tement. Uncertain tax positions are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">measured, depending on the type, either as a pr<span class="_ _2"/>obability-weighted a<span class="_ _2"/>verage of possible outcomes or as </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the most likel<span class="_ _2"/>y outcome. Uncertain tax positions are recognised either as pa<span class="_ _2"/>yable/<span class="_ _3"/>receivable t<span class="_ _3"/>ax and/</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">or as deferred t<span class="_ _3"/>ax assets/liabilities.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Deferred t<span class="_ _3"/>ax is pro<span class="_ _3"/>vided for using the liability method on tempor<span class="_ _3"/>ary differences betw<span class="_ _3"/>een the carrying </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">amount and the tax base of the assets and liabilities at the r<span class="_ _2"/>epor<span class="_ _4"/>ting date. Ho<span class="_ _3"/>wev<span class="_ _2"/>er<span class="_ _2"/>, deferred tax is not </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">recognised on tempor<span class="_ _2"/>ar<span class="_ _4"/>y differences r<span class="_ _2"/>elating to non-tax<span class="_ _2"/>-deductible goodwill that arose on acquisition </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">date without impac<span class="_ _3"/>ting the result or tax<span class="_ _2"/>able income. Deferred tax r<span class="_ _3"/>elating to assets and liabilities </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">subject to tonnage tax<span class="_ _2"/>ation is recognised to the e<span class="_ _3"/>xtent that deferr<span class="_ _2"/>ed tax is expected to crystallise. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Deferred t<span class="_ _3"/>ax assets are r<span class="_ _2"/>ecognised for all deductible temporary differ<span class="_ _3"/>ences and the carry forward of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">any unused tax losses. Deferr<span class="_ _2"/>ed tax assets are recognised to the e<span class="_ _2"/>xtent that it is probable tha<span class="_ _3"/>t taxable </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">profit will be a<span class="_ _3"/>vailable against which the deductible t<span class="_ _3"/>emporary differ<span class="_ _3"/>ences, and the carry forward of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">unused tax losses, can be utilised in the for<span class="_ _3"/>eseeable future. The carrying amount is r<span class="_ _3"/>eview<span class="_ _2"/>ed at each </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">reporting date<span class="_ _3"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Deferred t<span class="_ _3"/>ax is measured based on the e<span class="_ _3"/>xpected use and settlement o<span class="_ _3"/>f the individual assets and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">liabilities and according t<span class="_ _3"/>o the tax rules and at the known tax r<span class="_ _2"/>ates applicable at the balance sheet </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">date when the deferr<span class="_ _2"/>ed tax is expected to crystallise as curr<span class="_ _3"/>ent tax. The change in deferr<span class="_ _3"/>ed tax as a </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">result o<span class="_ _3"/>f changes in tax ra<span class="_ _3"/>tes is recognised in the income sta<span class="_ _3"/>tement. Uncertain tax positions are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">measured, depending on the type, either as a pr<span class="_ _2"/>obability-weighted a<span class="_ _2"/>verage of possible outcomes or as </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the most likel<span class="_ _2"/>y outcome. Uncertain tax positions are recognised either as pa<span class="_ _2"/>yable/<span class="_ _3"/>receivable t<span class="_ _3"/>ax and/</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">or as deferred t<span class="_ _3"/>ax assets/liabilities.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">3<span class="_ _3"/>.1.1 <span class="_ _11f"> </span>Non-current intangible assets</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:371.013671875px;"><span style="position: absolute; display: inline-block; left: 0px; top: 0.0097656px; width: 521.789px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 52.6699px; display: inline-block;">DKK million</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 165.176px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.1875px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.1875px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.1875px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.1875px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.0664px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 24.8379px; display: inline-block;">2023</span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 291.016px; top: 22.0547px; width: 52.3887px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 52.418px; display: inline-block;">Other non- </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 416.797px; top: 22.0703px; width: 42.668px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 18.498px; display: inline-block;">Dev</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 24.6328px; display: inline-block;">elop-</span></span><span style="position: absolute; display: inline-block; left: 261.984px; top: 35.5547px; width: 22.3008px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 22.3008px; display: inline-block;">Port </span></span><span style="position: absolute; display: inline-block; left: 306.5px; top: 35.5703px; width: 36.8379px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 36.8379px; display: inline-block;">current </span></span><span style="position: absolute; display: inline-block; left: 435.406px; top: 35.5703px; width: 26.4668px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 26.4668px; display: inline-block;">ment </span></span><span style="position: absolute; display: inline-block; left: 227.828px; top: 49.0547px; width: 55.8047px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 55.8047px; display: inline-block;">concession </span></span><span style="position: absolute; display: inline-block; left: 293.016px; top: 49.0703px; width: 50.3438px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 50.3438px; display: inline-block;">intangible </span></span><span style="position: absolute; display: inline-block; left: 411.516px; top: 49.0703px; width: 51.5977px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 51.5977px; display: inline-block;">projects in </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 62.5547px; width: 222.076px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 177.639px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 42.375px; display: inline-block;">Goodwill</span></span><span style="position: absolute; display: inline-block; left: 233.312px; top: 62.5547px; width: 47.7656px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 47.7656px; display: inline-block;">rights etc.</span></span><span style="position: absolute; display: inline-block; left: 310.734px; top: 62.5703px; width: 91.1543px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 31.377px; display: inline-block;">assets</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 16.0723px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 43.7051px; display: inline-block;">Software</span></span><span style="position: absolute; display: inline-block; left: 419.094px; top: 62.5859px; width: 100.975px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 41.8477px; display: inline-block;">progress</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.6641px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.2891px; display: inline-block;">otal</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 84.5723px; width: 323.625px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 108.463px; display: inline-block;">Cost at 1 January 2023</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.2636px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 26.5723px; display: inline-block;">4,522</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.0547px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 25.166px; display: inline-block;">1,213</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="position: absolute; display: inline-block; left: 323.625px; top: 84.5723px; width: 125.215px; white-space: pre; word-spacing: 0.22425px; letter-spacing: -0.22425px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 17.0566px; display: inline-block;">773</span><span style="word-spacing: 0.22425px; letter-spacing: -0.22425px; display: inline-block; margin-left: 0px; width: 42.9784px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="word-spacing: 0.195px; letter-spacing: -0.195px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 11.3145px; display: inline-block;">72</span><span style="word-spacing: 0.195px; letter-spacing: -0.195px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 4.97461px; display: inline-block;">1</span><span style="word-spacing: 0.195px; letter-spacing: -0.195px; display: inline-block; margin-left: 0px; width: 48.498px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span></span><span style="position: absolute; display: inline-block; left: 448.84px; top: 84.5723px; width: 70.9863px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 11.0391px; display: inline-block;">12</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.0391px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 5.83594px; display: inline-block;">7</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.9395px; display: inline-block;">,241</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 99.791px; width: 519.826px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 43.002px; display: inline-block;">Foreign e</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 101.344px; display: inline-block;">xchange adjustments</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 67.377px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 11.127px; display: inline-block;">16</span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; width: 53.0801px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.8477px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 5.83594px; display: inline-block;">7</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0801px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.498px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.195px; letter-spacing: -0.195px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 11.4902px; display: inline-block;">24</span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 115.01px; width: 120.252px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 120.252px; display: inline-block;">Addition on acquisition of </span></span><span style="position: absolute; display: inline-block; left: 222.281px; top: 130.35px; width: 3.28125px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 5.68425px; font-family: ffa; -webkit-text-stroke-width: 0.0852637px;"><span style="width: 3.28125px; display: inline-block;">1</span></span><span style="position: absolute; display: inline-block; left: 341.516px; top: 130.35px; width: 3.58008px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 5.68425px; font-family: ffa; -webkit-text-stroke-width: 0.0852637px;"><span style="width: 3.58008px; display: inline-block;">2</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 128.51px; width: 222.621px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 52.3301px; display: inline-block;">enterprises</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 150.205px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 20.0859px; display: inline-block;">528 </span></span><span style="position: absolute; display: inline-block; left: 275.406px; top: 128.479px; width: 65.8418px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.873px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 19.7871px; display: inline-block;">227 </span></span><span style="position: absolute; display: inline-block; left: 394.328px; top: 128.479px; width: 124.488px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.83594px; display: inline-block;">7</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0801px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.32175px; letter-spacing: -0.32175px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 11.3438px; display: inline-block;">76</span><span style="word-spacing: 0.32175px; letter-spacing: -0.32175px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.54883px; display: inline-block;">2</span></span></span><span style="position: absolute; display: inline-block; left: 460.281px; top: 145.568px; width: 3.72656px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 5.68425px; font-family: ffa; -webkit-text-stroke-width: 0.0852637px;"><span style="width: 3.72656px; display: inline-block;">3</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 143.697px; width: 460.154px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 44.0332px; display: inline-block;">Additions</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 171.861px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0801px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.2227px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 5.16797px; display: inline-block;">1</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.6154px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 14.1621px; display: inline-block;">82 </span></span><span style="position: absolute; display: inline-block; left: 507.281px; top: 143.682px; width: 12.1406px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 12.1406px; display: inline-block;">83</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 158.9px; width: 519.668px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 45.7031px; display: inline-block;">Disposals</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 169.986px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.2227px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 5.16797px; display: inline-block;">1</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.6482px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 14.8418px; display: inline-block;">-51</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.7636px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 15.8555px; display: inline-block;">-50</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 174.135px; width: 388.611px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.95898px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 38.4258px; display: inline-block;">ransfers</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 172.98px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0801px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0801px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7832px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="position: absolute; display: inline-block; left: 388.611px; top: 174.135px; width: 125.238px; white-space: pre; word-spacing: 0.0975px; letter-spacing: -0.0975px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 11.8125px; display: inline-block;">79</span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; width: 45.6154px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="word-spacing: 1.29675px; letter-spacing: -1.29675px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.98438px; display: inline-block;">-7</span><span style="word-spacing: 1.29675px; letter-spacing: -1.29675px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 4.53516px; display: inline-block;">7</span><span style="word-spacing: 1.29675px; letter-spacing: -1.29675px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span></span><span style="position: absolute; display: inline-block; left: 513.85px; top: 174.135px; width: 6.07031px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.07031px; display: inline-block;">3</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 194.898px; width: 382.529px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 126.773px; display: inline-block;">Cost at 31 December 2023</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 67.8926px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.11719px; display: inline-block;">5</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 22.0957px; display: inline-block;">,066</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 32.6719px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 26.4258px; display: inline-block;">1,214</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 32.291px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 27.5859px; display: inline-block;">1,008</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="position: absolute; display: inline-block; left: 382.529px; top: 194.898px; width: 109.348px; white-space: pre; word-spacing: 0.32175px; letter-spacing: -0.32175px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 17.4844px; display: inline-block;">758</span><span style="word-spacing: 0.32175px; letter-spacing: -0.32175px; display: inline-block; margin-left: 0px; width: 49.3125px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span><span style="word-spacing: 0.8385px; letter-spacing: -0.8385px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 9.87891px; display: inline-block;">17</span><span style="word-spacing: 0.8385px; letter-spacing: -0.8385px; display: inline-block; margin-left: 0px; width: 32.6719px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span></span></span><span style="position: absolute; display: inline-block; left: 491.877px; top: 194.898px; width: 27.4746px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 9.28711px; display: inline-block;">8,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.0547px; display: inline-block;">063</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 216.885px; width: 139.084px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 139.084px; display: inline-block;">Amortisation and impairment </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 230.385px; width: 519.24px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 115.793px; display: inline-block;">losses at 1 January 2023</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 90.1582px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 16.2656px; display: inline-block;">115</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.5741px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.10725px; letter-spacing: -0.10725px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 16.752px; display: inline-block;">187</span><span style="word-spacing: 0.10725px; letter-spacing: -0.10725px; display: inline-block; margin-left: 0px; width: 47.2969px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 12.2461px; display: inline-block;">98</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.5489px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.1755px; letter-spacing: -0.1755px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 17.543px; display: inline-block;">397</span><span style="word-spacing: 0.1755px; letter-spacing: -0.1755px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.1755px; letter-spacing: -0.1755px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 17.3086px; display: inline-block;">797</span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 245.604px; width: 519.469px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 43.002px; display: inline-block;">Foreign e</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 101.344px; display: inline-block;">xchange adjustments</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 70.3654px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 7.64648px; display: inline-block;">-1</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 53.8477px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.2227px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 5.16797px; display: inline-block;">1</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0801px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 260.822px; width: 518.988px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 95.7891px; display: inline-block;">Amortisation charge</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 119.924px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7832px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 11.9941px; display: inline-block;">35</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7832px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.2145px; letter-spacing: -0.2145px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 11.4785px; display: inline-block;">78</span><span style="word-spacing: 0.2145px; letter-spacing: -0.2145px; display: inline-block; margin-left: 0px; width: 47.2969px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 12.1641px; display: inline-block;">64</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.3534px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 9.36328px; display: inline-block;">17</span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.25586px; display: inline-block;">8</span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 276.041px; width: 519.668px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 45.7031px; display: inline-block;">Disposals</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 169.986px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.2227px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 5.16797px; display: inline-block;">1</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.6482px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 14.8418px; display: inline-block;">-51</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.7636px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 15.8555px; display: inline-block;">-50</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 291.26px; width: 519.703px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.95898px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 38.4258px; display: inline-block;">ransfers</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 172.98px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0801px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0801px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.6386px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 5.16797px; display: inline-block;">1</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0801px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.6386px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 5.16797px; display: inline-block;">1</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 312.039px; width: 141.785px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 141.785px; display: inline-block;">Amortisation and impairment </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 325.539px; width: 519.879px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 134.455px; display: inline-block;">losses at 31 December 2023</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 70.3654px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.08775px; letter-spacing: -0.08775px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 17.1152px; display: inline-block;">114</span><span style="word-spacing: 0.08775px; letter-spacing: -0.08775px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span></span><span style="width: 18.4512px; display: inline-block;">223</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.5741px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.8385px; letter-spacing: -0.8385px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 9.87891px; display: inline-block;">17</span><span style="word-spacing: 0.8385px; letter-spacing: -0.8385px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.47266px; display: inline-block;">8</span><span style="word-spacing: 0.8385px; letter-spacing: -0.8385px; display: inline-block; margin-left: 0px; width: 42.1054px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span></span><span style="width: 17.9238px; display: inline-block;">412</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0801px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.38672px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 18.8203px; display: inline-block;">926</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 346.273px; width: 97.1719px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 97.1719px; display: inline-block;">Carrying amount at </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 359.773px; width: 519.639px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 89.9941px; display: inline-block;">31 December 2023</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 104.49px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 27.8613px; display: inline-block;">4,952</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.873px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 19.1426px; display: inline-block;">990</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.5489px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 18.1406px; display: inline-block;">831</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.4062px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 18.9844px; display: inline-block;">346</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.9315px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.8385px; letter-spacing: -0.8385px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 9.87891px; display: inline-block;">17</span><span style="word-spacing: 0.8385px; letter-spacing: -0.8385px; display: inline-block; margin-left: 0px; width: 34.0547px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span></span><span style="width: 6.0293px; display: inline-block;">7</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 21.1699px; display: inline-block;">,136</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The carrying amount of completed softwar<span class="_ _3"/>e and developmen<span class="_ _3"/>t projects in pr<span class="_ _2"/>ogress primarily r<span class="_ _3"/>elates to a P<span class="_ _3"/>assenger </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">booking system, a T<span class="_ _26"/>ransport Management System, an onboard sales s<span class="_ _3"/>ystem, an ERP system, and v<span class="_ _2"/>arious digital<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">products. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">For informa<span class="_ _3"/>tion regar<span class="_ _3"/>ding the impairment tests ref<span class="_ _3"/>erence is made t<span class="_ _3"/>o note 3<span class="_ _3"/>.1.4.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:355.810546875px;"><span style="position: absolute; display: inline-block; left: 0px; top: 0.0097656px; width: 521.807px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 52.6699px; display: inline-block;">DKK million</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 165.176px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.1875px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.1875px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.1875px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.1875px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.133px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 26.0039px; display: inline-block;">2022 </span></span><span style="position: absolute; display: inline-block; left: 290.844px; top: 22.0703px; width: 52.3887px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 52.418px; display: inline-block;">Other non- </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 416.641px; top: 22.0703px; width: 42.668px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 18.498px; display: inline-block;">Dev</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 24.6328px; display: inline-block;">elop-</span></span><span style="position: absolute; display: inline-block; left: 260.891px; top: 35.5547px; width: 22.3008px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 22.3008px; display: inline-block;">Port </span></span><span style="position: absolute; display: inline-block; left: 306.188px; top: 35.5703px; width: 36.8379px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 36.8379px; display: inline-block;">current </span></span><span style="position: absolute; display: inline-block; left: 435.344px; top: 35.5859px; width: 26.4668px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 26.4668px; display: inline-block;">ment </span></span><span style="position: absolute; display: inline-block; left: 227.688px; top: 49.0703px; width: 55.8047px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 55.8047px; display: inline-block;">concession </span></span><span style="position: absolute; display: inline-block; left: 292.547px; top: 49.0703px; width: 50.3438px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 50.3438px; display: inline-block;">intangible </span></span><span style="position: absolute; display: inline-block; left: 410.344px; top: 49.0859px; width: 51.5977px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 51.5977px; display: inline-block;">projects in </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 62.5547px; width: 222.076px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 177.639px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 42.375px; display: inline-block;">Goodwill</span></span><span style="position: absolute; display: inline-block; left: 233.234px; top: 62.5703px; width: 47.7656px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 47.7656px; display: inline-block;">rights etc.</span></span><span style="position: absolute; display: inline-block; left: 309.547px; top: 62.5703px; width: 91.1543px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 31.377px; display: inline-block;">assets</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 16.0723px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 43.7051px; display: inline-block;">Software</span></span><span style="position: absolute; display: inline-block; left: 418.125px; top: 62.5859px; width: 100.975px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 41.8477px; display: inline-block;">progress</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.6641px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.2891px; display: inline-block;">otal</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 84.5723px; width: 521.596px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 108.27px; display: inline-block;">Cost at 1 January 2022</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.3477px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 4,400 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.9102px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 27.3809px; display: inline-block;">1,213 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.6641px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 656 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.6641px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 663 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.7636px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.16575px; letter-spacing: -0.16575px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span>14 </span><span style="word-spacing: 0.16575px; letter-spacing: -0.16575px; display: inline-block; margin-left: 0px; width: 27.6211px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="word-spacing: 0.43875px; letter-spacing: -0.43875px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 4.42969px; display: inline-block;"> </span>6,9</span><span style="word-spacing: 0.43875px; letter-spacing: -0.43875px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 13.1777px; display: inline-block;">47 </span></span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 99.791px; width: 521.818px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 43.002px; display: inline-block;">Foreign e</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 101.344px; display: inline-block;">xchange adjustments</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.4142px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 13.957px; display: inline-block;">22 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.6154px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span>-3 </span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; width: 48.9315px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.133px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 14.0156px; display: inline-block;">25 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 115.01px; width: 120.252px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 120.252px; display: inline-block;">Addition on acquisition of </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 128.51px; width: 220.646px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 52.3301px; display: inline-block;">enterprises</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 151.629px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.16575px; letter-spacing: -0.16575px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 16.6875px; display: inline-block;">144</span></span></span><span style="position: absolute; display: inline-block; left: 340.234px; top: 130.35px; width: 4.75781px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 5.68425px; font-family: ffa; -webkit-text-stroke-width: 0.0852637px;"><span style="display: inline-block;"> 5</span></span><span style="position: absolute; display: inline-block; left: 275.016px; top: 128.479px; width: 64.9043px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.6641px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 130</span></span><span style="position: absolute; display: inline-block; left: 344.031px; top: 128.479px; width: 176.713px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.2969px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.8946px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.77025px; letter-spacing: -0.77025px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 4.42969px; display: inline-block;"> </span>2</span><span style="word-spacing: 0.77025px; letter-spacing: -0.77025px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 10.3008px; display: inline-block;">74</span><span style="word-spacing: 0.77025px; letter-spacing: -0.77025px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="position: absolute; display: inline-block; left: 458.672px; top: 145.568px; width: 4.92188px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 5.68425px; font-family: ffa; -webkit-text-stroke-width: 0.0852637px;"><span style="display: inline-block;"> 6</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 143.697px; width: 458.379px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 44.0332px; display: inline-block;">Additions</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 171.861px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.0136px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 7.38281px; display: inline-block;">1 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.32175px; letter-spacing: -0.32175px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span>70</span></span></span><span style="position: absolute; display: inline-block; left: 463.594px; top: 143.697px; width: 57.8848px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.873px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.32175px; letter-spacing: -0.32175px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span>70 </span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 158.916px; width: 521.842px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 45.7031px; display: inline-block;">Disposals</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 169.986px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.6154px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.117px; letter-spacing: -0.117px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span>-9 </span><span style="word-spacing: 0.117px; letter-spacing: -0.117px; display: inline-block; margin-left: 0px; width: 42.9784px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 3.74414px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 13.3125px; display: inline-block;">15 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.133px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 14.0156px; display: inline-block;">25 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 174.135px; width: 386.678px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.95898px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 38.4258px; display: inline-block;">ransfers</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 170.525px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.9315px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.3534px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="position: absolute; display: inline-block; left: 386.678px; top: 174.135px; width: 124.535px; white-space: pre; word-spacing: 0.22425px; letter-spacing: -0.22425px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span>73 </span><span style="word-spacing: 0.22425px; letter-spacing: -0.22425px; display: inline-block; margin-left: 0px; width: 39.1699px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="word-spacing: 1.29675px; letter-spacing: -1.29675px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 4.42969px; display: inline-block;"> </span>-7</span><span style="word-spacing: 1.29675px; letter-spacing: -1.29675px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 4.57617px; display: inline-block;">2</span><span style="word-spacing: 1.29675px; letter-spacing: -1.29675px; display: inline-block; margin-left: 0px; width: 1.38867px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span><span style="word-spacing: 1.29675px; letter-spacing: -1.29675px; display: inline-block; margin-left: 0px; width: 48.9315px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span></span><span style="position: absolute; display: inline-block; left: 511.213px; top: 174.135px; width: 2.21484px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 513.428px; top: 174.135px; width: 6.18164px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.18164px; display: inline-block;">0</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 194.898px; width: 521.748px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 126.551px; display: inline-block;">Cost at 31 December 2022</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 66.1815px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 4,522 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 26.4961px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 1,213 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.0664px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.18525px; letter-spacing: -0.18525px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span>7</span><span style="word-spacing: 0.18525px; letter-spacing: -0.18525px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 14.0156px; display: inline-block;">73 </span><span style="word-spacing: 0.18525px; letter-spacing: -0.18525px; display: inline-block; margin-left: 0px; width: 38.133px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> 721 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.6154px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 13.6641px; display: inline-block;">12 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.9414px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 7</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 22.957px; display: inline-block;">,241 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 216.885px; width: 139.084px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 139.084px; display: inline-block;">Amortisation and impairment </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 230.385px; width: 521.824px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 115.6px; display: inline-block;">losses at 1 January 2022</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 84.8261px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 120 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.8946px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 152 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.3534px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.24375px; letter-spacing: -0.24375px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span>57</span><span style="word-spacing: 0.24375px; letter-spacing: -0.24375px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span><span style="word-spacing: 0.24375px; letter-spacing: -0.24375px; display: inline-block; margin-left: 0px; width: 34.6641px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> 365 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.6641px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 694 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 245.604px; width: 521.824px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 43.002px; display: inline-block;">Foreign e</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 101.344px; display: inline-block;">xchange adjustments</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 66.8145px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -5 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.996px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span>-2</span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; width: 48.498px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.9042px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 1.29675px; letter-spacing: -1.29675px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span>-7</span><span style="word-spacing: 1.29675px; letter-spacing: -1.29675px; display: inline-block; margin-left: 0px; width: 1.38867px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 260.838px; width: 521.777px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 95.7891px; display: inline-block;">Amortisation charge</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 119.924px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.9784px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 35 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.3534px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 52 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.9784px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 48 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.8946px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 135 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 276.057px; width: 522.252px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 45.7031px; display: inline-block;">Disposals</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 169.986px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.6154px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.117px; letter-spacing: -0.117px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span>-9 </span><span style="word-spacing: 0.117px; letter-spacing: -0.117px; display: inline-block; margin-left: 0px; width: 42.9784px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 3.74414px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 13.3125px; display: inline-block;">15 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 17.7598px; display: inline-block;">-25 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 296.82px; width: 141.785px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 141.785px; display: inline-block;">Amortisation and impairment </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 310.32px; width: 521.725px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 134.232px; display: inline-block;">losses at 31 December 2022</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 66.8145px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 115 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.5469px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span>187 </span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; width: 40.4062px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> 98 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.0664px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 397 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.9315px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.0664px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.16575px; letter-spacing: -0.16575px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span>797</span><span style="word-spacing: 0.16575px; letter-spacing: -0.16575px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 331.055px; width: 97.1719px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 97.1719px; display: inline-block;">Carrying amount at </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 344.57px; width: 522.076px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 89.7715px; display: inline-block;">31 December 2022</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 102.732px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 4,40</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 8.08594px; display: inline-block;">7 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.5645px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 1,026 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.0664px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.28275px; letter-spacing: -0.28275px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span>676 </span><span style="word-spacing: 0.28275px; letter-spacing: -0.28275px; display: inline-block; margin-left: 0px; width: 37.0664px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> 324 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.6154px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 13.6641px; display: inline-block;">12 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 27.6211px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 6,444 </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">1 <span class="_ _3a"> </span>Relates to acquisition of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">McBurney T<span class="_ _24e"/>ransport Group </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(DKK 446m), Estron Gr<span class="_ _2"/>oup<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(DKK 77m) and DR Macleod </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(DKK 5m)</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2 <span class="_ _3b"> </span>Primarily r<span class="_ _3"/>elates to </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">acquisition of McBurney </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">T<span class="_ _24e"/>ransport Group</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">3 <span class="_ _3b"> </span>Primarily r<span class="_ _2"/>elates to the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">implementation of an ERP </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">system</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">4 <span class="_ _3b"> </span>Reference ma<span class="_ _3"/>de to note 5<span class="_ _2"/>.5</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">5 <span class="_ _3b"> </span>Relates to additions of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Lucey T<span class="_ _24e"/>ransport (DKK 111m) </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and ICT Logistics (DKK 19m)</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">6 <span class="_ _3b"> </span>Primaril<span class="_ _3"/>y rela<span class="_ _3"/>tes to the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">implementation of an ERP </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">system</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">3<span class="_ _3"/>.1.1 <span class="_ _11f"> </span>Non-current intangible assets<span class="ff3"> (<span class="_ _2"/>continued)</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Recognised goodwill is attributable t<span class="_ _3"/>o the following cash gener<span class="_ _3"/>ating units:</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:118.294921875px;"><span style="position: absolute; display: inline-block; left: 0px; top: 0.0097656px; width: 519.574px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 52.6699px; display: inline-block;">DKK million</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 374.027px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 24.8379px; display: inline-block;">2023</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.244px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="width: 23.7949px; display: inline-block;">2022</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 22.0547px; width: 517.594px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 27.4688px; display: inline-block;">Ferry:</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 488.062px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 516.594px; top: 39.1152px; width: 3.28125px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 5.68425px; font-family: ffa; -webkit-text-stroke-width: 0.0852637px;"><span style="width: 3.28125px; display: inline-block;">1</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 37.2441px; width: 516.662px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 192.059px; display: inline-block;">North Sea, Baltic Sea and Mediterranean</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 232.98px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.96484px; display: inline-block;">3,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.1465px; display: inline-block;">384</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 32.6719px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 3,321 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 54.6172px; width: 517.506px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 45.2402px; display: inline-block;">Logistics:</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 470.205px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 71.0723px; width: 521.49px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 48.5273px; display: inline-block;">Dry Goods</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 384.919px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 18.0879px; display: inline-block;">448</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.0332px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 19.9219px; display: inline-block;">427 </span></span><span style="position: absolute; display: inline-block; left: 516.594px; top: 88.1621px; width: 3.28125px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 5.68425px; font-family: ffa; -webkit-text-stroke-width: 0.0852637px;"><span style="width: 3.28125px; display: inline-block;">1</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 86.291px; width: 516.1px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 52.0781px; display: inline-block;">Cold Chain</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 374.027px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 25.2832px; display: inline-block;">1,120</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.244px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 20.4668px; display: inline-block;">659 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 107.055px; width: 521.971px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.2891px; display: inline-block;">otal</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 399.623px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 9.29297px; display: inline-block;">4,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.5684px; display: inline-block;">952</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.4062px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 30.082px; display: inline-block;">4,407 </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> Accounting <span class="_ _4c"> </span>policies<span class="_ _4"/> <span class="_ _fe"> </span><span class="ls0 ws0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Non-current intangible assets - Other than goodwill </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Generall<span class="_ _2"/>y<span class="_ _3"/>, the following applies unless otherwise sta<span class="_ _3"/>ted:<span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">• <span class="_ _9f"> </span> <span class="_ _2d"/>Assets are measured a<span class="_ _3"/>t cost less accumulated amortisation and impairmen<span class="_ _3"/>t losses.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">• <span class="_ _9f"> </span> <span class="_ _2d"/>The cost includes costs to external suppliers, materials and components, dir<span class="_ _2"/>ect wages, salaries, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and interests paid as fr<span class="_ _2"/>om the time of payment until the date when the asset is a<span class="_ _3"/>vailable for use<span class="_ _3"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">• <span class="_ _9f"> </span> <span class="_ _2d"/>The assets are amortised on a straight<span class="_ _2"/>-line basis over the estimated useful life<span class="_ _3"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">• <span class="_ _9f"> </span> <span class="_ _2d"/>The effect from changes in amortisation period or the r<span class="_ _3"/>esidual value is r<span class="_ _3"/>ecognised prospectiv<span class="_ _2"/>ely <span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">as a change in the accounting estimate<span class="_ _3"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Goodwill</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">At initial r<span class="_ _2"/>ecognition goodwill is recognised in the balance sheet at cost, as described in note 5<span class="_ _2"/>.5 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">‘Business-combinations’<span class="_ _26"/>. Subsequently<span class="_ _2"/>, goodwill is measured at cost less accumula<span class="_ _2"/>ted impairment </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">losses. Goodwill is not amortised. An impairment test is performed at least once a y<span class="_ _3"/>ear together with </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">other non-current assets of the Gr<span class="_ _2"/>oup. The book value of goodwill is allocated to the Gr<span class="_ _3"/>oup’<span class="_ _3"/>s cash-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">genera<span class="_ _3"/>ting units at the time of acquisition.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> Accounting <span class="_ _4c"> </span>policies <span class="_ _fe"> </span><span class="ff3 ws0"> (continued)</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Dev<span class="_ _3"/>elopment projects in progr<span class="_ _2"/>ess</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Developmen<span class="_ _3"/>t projects in pr<span class="_ _3"/>ogress, primaril<span class="_ _2"/>y development of IT softwar<span class="_ _2"/>e, are recognised as non-curr<span class="_ _3"/>ent </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">intangible assets if the follo<span class="_ _3"/>wing criteria are met:<span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">• <span class="_ _9f"> </span> <span class="_ _2d"/>The projects are clearl<span class="_ _2"/>y defined and identifiable.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">• <span class="_ _9f"> </span> <span class="_ _2d"/>The Group intends to use the projec<span class="_ _3"/>ts once completed.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">• <span class="_ _9f"> </span> <span class="_ _2d"/>The future earnings from the pr<span class="_ _3"/>ojects are e<span class="_ _2"/>xpected to cover the de<span class="_ _3"/>velopment and administr<span class="_ _2"/>ative </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">costs, and</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">• <span class="_ _9f"> </span> <span class="_ _2d"/>The costs can be reliably measur<span class="_ _2"/>ed.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The amortisation of capitalised dev<span class="_ _3"/>elopment projects st<span class="_ _3"/>arts after the completion of the developmen<span class="_ _3"/>t </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">project and is r<span class="_ _2"/>ecognised on a straight-line basis o<span class="_ _3"/>ver the e<span class="_ _3"/>xpected useful life, which normall<span class="_ _2"/>y is 3-5 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">years, but in certain cases up to 10 y<span class="_ _3"/>ears (the latter applies t<span class="_ _3"/>o significant internally de<span class="_ _2"/>veloped </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">commercial and oper<span class="_ _2"/>ational systems).</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Other non-current intangible assets</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Other non-current intangible assets comprise the v<span class="_ _3"/>alue of customer rela<span class="_ _2"/>tions or similar<span class="_ _2"/>, identified as </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">part of business combinations, and which has definite useful life. Other non-curr<span class="_ _3"/>ent intangible assets </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are measur<span class="_ _2"/>ed at cost less accumulated amortisation and impairment losses. Amortisation is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">recognised on a str<span class="_ _2"/>aight-line basis over the e<span class="_ _2"/>xpected useful life, which normall<span class="_ _3"/>y is 3-5 years, ex<span class="_ _2"/>cept </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">from customer portf<span class="_ _3"/>olio which is up to 15 years.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Port concession rights</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Port concession rights comprise the value of access t<span class="_ _3"/>o strat<span class="_ _3"/>egically pla<span class="_ _3"/>ced ports which is recognised </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">at their fair v<span class="_ _3"/>alue at the acquisition da<span class="_ _3"/>te. Acquir<span class="_ _2"/>ed por<span class="_ _4"/>t concession rights are amortised ov<span class="_ _3"/>er the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">concession period.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">1 <span class="_ _3a"> </span>Comparison figures ha<span class="_ _3"/>ve </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">been resta<span class="_ _3"/>ted as part of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">goodwill from a prior acqui<span class="ls0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">sition has been realloca<span class="_ _3"/>ted </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">from Logistics Division to </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Ferry Division.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">3<span class="_ _3"/>.1.1 <span class="_ _11f"> </span>Non-current intangible assets</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:371.013671875px;"><span style="position: absolute; display: inline-block; left: 0px; top: 0.0097656px; width: 521.789px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 52.6699px; display: inline-block;">DKK million</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 165.176px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.1875px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.1875px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.1875px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.1875px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.0664px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 24.8379px; display: inline-block;">2023</span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 291.016px; top: 22.0547px; width: 52.3887px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 52.418px; display: inline-block;">Other non- </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 416.797px; top: 22.0703px; width: 42.668px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 18.498px; display: inline-block;">Dev</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 24.6328px; display: inline-block;">elop-</span></span><span style="position: absolute; display: inline-block; left: 261.984px; top: 35.5547px; width: 22.3008px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 22.3008px; display: inline-block;">Port </span></span><span style="position: absolute; display: inline-block; left: 306.5px; top: 35.5703px; width: 36.8379px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 36.8379px; display: inline-block;">current </span></span><span style="position: absolute; display: inline-block; left: 435.406px; top: 35.5703px; width: 26.4668px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 26.4668px; display: inline-block;">ment </span></span><span style="position: absolute; display: inline-block; left: 227.828px; top: 49.0547px; width: 55.8047px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 55.8047px; display: inline-block;">concession </span></span><span style="position: absolute; display: inline-block; left: 293.016px; top: 49.0703px; width: 50.3438px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 50.3438px; display: inline-block;">intangible </span></span><span style="position: absolute; display: inline-block; left: 411.516px; top: 49.0703px; width: 51.5977px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 51.5977px; display: inline-block;">projects in </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 62.5547px; width: 222.076px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 177.639px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 42.375px; display: inline-block;">Goodwill</span></span><span style="position: absolute; display: inline-block; left: 233.312px; top: 62.5547px; width: 47.7656px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 47.7656px; display: inline-block;">rights etc.</span></span><span style="position: absolute; display: inline-block; left: 310.734px; top: 62.5703px; width: 91.1543px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 31.377px; display: inline-block;">assets</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 16.0723px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 43.7051px; display: inline-block;">Software</span></span><span style="position: absolute; display: inline-block; left: 419.094px; top: 62.5859px; width: 100.975px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 41.8477px; display: inline-block;">progress</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.6641px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.2891px; display: inline-block;">otal</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 84.5723px; width: 323.625px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 108.463px; display: inline-block;">Cost at 1 January 2023</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.2636px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 26.5723px; display: inline-block;">4,522</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.0547px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 25.166px; display: inline-block;">1,213</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="position: absolute; display: inline-block; left: 323.625px; top: 84.5723px; width: 125.215px; white-space: pre; word-spacing: 0.22425px; letter-spacing: -0.22425px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 17.0566px; display: inline-block;">773</span><span style="word-spacing: 0.22425px; letter-spacing: -0.22425px; display: inline-block; margin-left: 0px; width: 42.9784px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="word-spacing: 0.195px; letter-spacing: -0.195px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 11.3145px; display: inline-block;">72</span><span style="word-spacing: 0.195px; letter-spacing: -0.195px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 4.97461px; display: inline-block;">1</span><span style="word-spacing: 0.195px; letter-spacing: -0.195px; display: inline-block; margin-left: 0px; width: 48.498px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span></span><span style="position: absolute; display: inline-block; left: 448.84px; top: 84.5723px; width: 70.9863px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 11.0391px; display: inline-block;">12</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.0391px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 5.83594px; display: inline-block;">7</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.9395px; display: inline-block;">,241</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 99.791px; width: 519.826px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 43.002px; display: inline-block;">Foreign e</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 101.344px; display: inline-block;">xchange adjustments</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 67.377px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 11.127px; display: inline-block;">16</span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; width: 53.0801px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.8477px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 5.83594px; display: inline-block;">7</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0801px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.498px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.195px; letter-spacing: -0.195px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 11.4902px; display: inline-block;">24</span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 115.01px; width: 120.252px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 120.252px; display: inline-block;">Addition on acquisition of </span></span><span style="position: absolute; display: inline-block; left: 222.281px; top: 130.35px; width: 3.28125px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 5.68425px; font-family: ffa; -webkit-text-stroke-width: 0.0852637px;"><span style="width: 3.28125px; display: inline-block;">1</span></span><span style="position: absolute; display: inline-block; left: 341.516px; top: 130.35px; width: 3.58008px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 5.68425px; font-family: ffa; -webkit-text-stroke-width: 0.0852637px;"><span style="width: 3.58008px; display: inline-block;">2</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 128.51px; width: 222.621px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 52.3301px; display: inline-block;">enterprises</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 150.205px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 20.0859px; display: inline-block;">528 </span></span><span style="position: absolute; display: inline-block; left: 275.406px; top: 128.479px; width: 65.8418px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.873px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 19.7871px; display: inline-block;">227 </span></span><span style="position: absolute; display: inline-block; left: 394.328px; top: 128.479px; width: 124.488px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.83594px; display: inline-block;">7</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0801px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.32175px; letter-spacing: -0.32175px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 11.3438px; display: inline-block;">76</span><span style="word-spacing: 0.32175px; letter-spacing: -0.32175px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.54883px; display: inline-block;">2</span></span></span><span style="position: absolute; display: inline-block; left: 460.281px; top: 145.568px; width: 3.72656px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 5.68425px; font-family: ffa; -webkit-text-stroke-width: 0.0852637px;"><span style="width: 3.72656px; display: inline-block;">3</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 143.697px; width: 460.154px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 44.0332px; display: inline-block;">Additions</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 171.861px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0801px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.2227px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 5.16797px; display: inline-block;">1</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.6154px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 14.1621px; display: inline-block;">82 </span></span><span style="position: absolute; display: inline-block; left: 507.281px; top: 143.682px; width: 12.1406px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 12.1406px; display: inline-block;">83</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 158.9px; width: 519.668px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 45.7031px; display: inline-block;">Disposals</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 169.986px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.2227px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 5.16797px; display: inline-block;">1</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.6482px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 14.8418px; display: inline-block;">-51</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.7636px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 15.8555px; display: inline-block;">-50</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 174.135px; width: 388.611px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.95898px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 38.4258px; display: inline-block;">ransfers</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 172.98px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0801px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0801px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7832px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="position: absolute; display: inline-block; left: 388.611px; top: 174.135px; width: 125.238px; white-space: pre; word-spacing: 0.0975px; letter-spacing: -0.0975px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 11.8125px; display: inline-block;">79</span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; width: 45.6154px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="word-spacing: 1.29675px; letter-spacing: -1.29675px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.98438px; display: inline-block;">-7</span><span style="word-spacing: 1.29675px; letter-spacing: -1.29675px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 4.53516px; display: inline-block;">7</span><span style="word-spacing: 1.29675px; letter-spacing: -1.29675px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span></span><span style="position: absolute; display: inline-block; left: 513.85px; top: 174.135px; width: 6.07031px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.07031px; display: inline-block;">3</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 194.898px; width: 382.529px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 126.773px; display: inline-block;">Cost at 31 December 2023</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 67.8926px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.11719px; display: inline-block;">5</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 22.0957px; display: inline-block;">,066</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 32.6719px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 26.4258px; display: inline-block;">1,214</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 32.291px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 27.5859px; display: inline-block;">1,008</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="position: absolute; display: inline-block; left: 382.529px; top: 194.898px; width: 109.348px; white-space: pre; word-spacing: 0.32175px; letter-spacing: -0.32175px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 17.4844px; display: inline-block;">758</span><span style="word-spacing: 0.32175px; letter-spacing: -0.32175px; display: inline-block; margin-left: 0px; width: 49.3125px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span><span style="word-spacing: 0.8385px; letter-spacing: -0.8385px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 9.87891px; display: inline-block;">17</span><span style="word-spacing: 0.8385px; letter-spacing: -0.8385px; display: inline-block; margin-left: 0px; width: 32.6719px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span></span></span><span style="position: absolute; display: inline-block; left: 491.877px; top: 194.898px; width: 27.4746px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 9.28711px; display: inline-block;">8,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.0547px; display: inline-block;">063</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 216.885px; width: 139.084px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 139.084px; display: inline-block;">Amortisation and impairment </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 230.385px; width: 519.24px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 115.793px; display: inline-block;">losses at 1 January 2023</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 90.1582px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 16.2656px; display: inline-block;">115</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.5741px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.10725px; letter-spacing: -0.10725px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 16.752px; display: inline-block;">187</span><span style="word-spacing: 0.10725px; letter-spacing: -0.10725px; display: inline-block; margin-left: 0px; width: 47.2969px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 12.2461px; display: inline-block;">98</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.5489px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.1755px; letter-spacing: -0.1755px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 17.543px; display: inline-block;">397</span><span style="word-spacing: 0.1755px; letter-spacing: -0.1755px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.1755px; letter-spacing: -0.1755px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 17.3086px; display: inline-block;">797</span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 245.604px; width: 519.469px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 43.002px; display: inline-block;">Foreign e</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 101.344px; display: inline-block;">xchange adjustments</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 70.3654px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 7.64648px; display: inline-block;">-1</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 53.8477px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.2227px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 5.16797px; display: inline-block;">1</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0801px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 260.822px; width: 518.988px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 95.7891px; display: inline-block;">Amortisation charge</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 119.924px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7832px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 11.9941px; display: inline-block;">35</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7832px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.2145px; letter-spacing: -0.2145px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 11.4785px; display: inline-block;">78</span><span style="word-spacing: 0.2145px; letter-spacing: -0.2145px; display: inline-block; margin-left: 0px; width: 47.2969px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 12.1641px; display: inline-block;">64</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.3534px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 9.36328px; display: inline-block;">17</span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.25586px; display: inline-block;">8</span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 276.041px; width: 519.668px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 45.7031px; display: inline-block;">Disposals</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 169.986px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.2227px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 5.16797px; display: inline-block;">1</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.6482px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 14.8418px; display: inline-block;">-51</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.7636px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 15.8555px; display: inline-block;">-50</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 291.26px; width: 519.703px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.95898px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 38.4258px; display: inline-block;">ransfers</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 172.98px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0801px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0801px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.6386px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 5.16797px; display: inline-block;">1</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0801px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.6386px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 5.16797px; display: inline-block;">1</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 312.039px; width: 141.785px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 141.785px; display: inline-block;">Amortisation and impairment </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 325.539px; width: 519.879px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 134.455px; display: inline-block;">losses at 31 December 2023</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 70.3654px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.08775px; letter-spacing: -0.08775px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 17.1152px; display: inline-block;">114</span><span style="word-spacing: 0.08775px; letter-spacing: -0.08775px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span></span><span style="width: 18.4512px; display: inline-block;">223</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.5741px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.8385px; letter-spacing: -0.8385px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 9.87891px; display: inline-block;">17</span><span style="word-spacing: 0.8385px; letter-spacing: -0.8385px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.47266px; display: inline-block;">8</span><span style="word-spacing: 0.8385px; letter-spacing: -0.8385px; display: inline-block; margin-left: 0px; width: 42.1054px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span></span><span style="width: 17.9238px; display: inline-block;">412</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0801px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.38672px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 18.8203px; display: inline-block;">926</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 346.273px; width: 97.1719px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 97.1719px; display: inline-block;">Carrying amount at </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 359.773px; width: 519.639px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 89.9941px; display: inline-block;">31 December 2023</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 104.49px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 27.8613px; display: inline-block;">4,952</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.873px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 19.1426px; display: inline-block;">990</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.5489px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 18.1406px; display: inline-block;">831</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.4062px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 18.9844px; display: inline-block;">346</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.9315px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.8385px; letter-spacing: -0.8385px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 9.87891px; display: inline-block;">17</span><span style="word-spacing: 0.8385px; letter-spacing: -0.8385px; display: inline-block; margin-left: 0px; width: 34.0547px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span></span><span style="width: 6.0293px; display: inline-block;">7</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 21.1699px; display: inline-block;">,136</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The carrying amount of completed softwar<span class="_ _3"/>e and developmen<span class="_ _3"/>t projects in pr<span class="_ _2"/>ogress primarily r<span class="_ _3"/>elates to a P<span class="_ _3"/>assenger </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">booking system, a T<span class="_ _26"/>ransport Management System, an onboard sales s<span class="_ _3"/>ystem, an ERP system, and v<span class="_ _2"/>arious digital<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">products. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">For informa<span class="_ _3"/>tion regar<span class="_ _3"/>ding the impairment tests ref<span class="_ _3"/>erence is made t<span class="_ _3"/>o note 3<span class="_ _3"/>.1.4.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:355.810546875px;"><span style="position: absolute; display: inline-block; left: 0px; top: 0.0097656px; width: 521.807px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 52.6699px; display: inline-block;">DKK million</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 165.176px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.1875px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.1875px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.1875px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.1875px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.133px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 26.0039px; display: inline-block;">2022 </span></span><span style="position: absolute; display: inline-block; left: 290.844px; top: 22.0703px; width: 52.3887px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 52.418px; display: inline-block;">Other non- </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 416.641px; top: 22.0703px; width: 42.668px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 18.498px; display: inline-block;">Dev</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 24.6328px; display: inline-block;">elop-</span></span><span style="position: absolute; display: inline-block; left: 260.891px; top: 35.5547px; width: 22.3008px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 22.3008px; display: inline-block;">Port </span></span><span style="position: absolute; display: inline-block; left: 306.188px; top: 35.5703px; width: 36.8379px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 36.8379px; display: inline-block;">current </span></span><span style="position: absolute; display: inline-block; left: 435.344px; top: 35.5859px; width: 26.4668px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 26.4668px; display: inline-block;">ment </span></span><span style="position: absolute; display: inline-block; left: 227.688px; top: 49.0703px; width: 55.8047px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 55.8047px; display: inline-block;">concession </span></span><span style="position: absolute; display: inline-block; left: 292.547px; top: 49.0703px; width: 50.3438px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 50.3438px; display: inline-block;">intangible </span></span><span style="position: absolute; display: inline-block; left: 410.344px; top: 49.0859px; width: 51.5977px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 51.5977px; display: inline-block;">projects in </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 62.5547px; width: 222.076px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 177.639px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 42.375px; display: inline-block;">Goodwill</span></span><span style="position: absolute; display: inline-block; left: 233.234px; top: 62.5703px; width: 47.7656px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 47.7656px; display: inline-block;">rights etc.</span></span><span style="position: absolute; display: inline-block; left: 309.547px; top: 62.5703px; width: 91.1543px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 31.377px; display: inline-block;">assets</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 16.0723px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 43.7051px; display: inline-block;">Software</span></span><span style="position: absolute; display: inline-block; left: 418.125px; top: 62.5859px; width: 100.975px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 41.8477px; display: inline-block;">progress</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.6641px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.2891px; display: inline-block;">otal</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 84.5723px; width: 521.596px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 108.27px; display: inline-block;">Cost at 1 January 2022</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.3477px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 4,400 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.9102px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 27.3809px; display: inline-block;">1,213 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.6641px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 656 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.6641px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 663 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.7636px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.16575px; letter-spacing: -0.16575px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span>14 </span><span style="word-spacing: 0.16575px; letter-spacing: -0.16575px; display: inline-block; margin-left: 0px; width: 27.6211px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="word-spacing: 0.43875px; letter-spacing: -0.43875px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 4.42969px; display: inline-block;"> </span>6,9</span><span style="word-spacing: 0.43875px; letter-spacing: -0.43875px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 13.1777px; display: inline-block;">47 </span></span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 99.791px; width: 521.818px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 43.002px; display: inline-block;">Foreign e</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 101.344px; display: inline-block;">xchange adjustments</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.4142px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 13.957px; display: inline-block;">22 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.6154px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span>-3 </span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; width: 48.9315px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.133px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 14.0156px; display: inline-block;">25 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 115.01px; width: 120.252px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 120.252px; display: inline-block;">Addition on acquisition of </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 128.51px; width: 220.646px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 52.3301px; display: inline-block;">enterprises</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 151.629px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.16575px; letter-spacing: -0.16575px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 16.6875px; display: inline-block;">144</span></span></span><span style="position: absolute; display: inline-block; left: 340.234px; top: 130.35px; width: 4.75781px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 5.68425px; font-family: ffa; -webkit-text-stroke-width: 0.0852637px;"><span style="display: inline-block;"> 5</span></span><span style="position: absolute; display: inline-block; left: 275.016px; top: 128.479px; width: 64.9043px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.6641px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 130</span></span><span style="position: absolute; display: inline-block; left: 344.031px; top: 128.479px; width: 176.713px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.2969px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.8946px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.77025px; letter-spacing: -0.77025px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 4.42969px; display: inline-block;"> </span>2</span><span style="word-spacing: 0.77025px; letter-spacing: -0.77025px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 10.3008px; display: inline-block;">74</span><span style="word-spacing: 0.77025px; letter-spacing: -0.77025px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="position: absolute; display: inline-block; left: 458.672px; top: 145.568px; width: 4.92188px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 5.68425px; font-family: ffa; -webkit-text-stroke-width: 0.0852637px;"><span style="display: inline-block;"> 6</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 143.697px; width: 458.379px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 44.0332px; display: inline-block;">Additions</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 171.861px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.0136px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 7.38281px; display: inline-block;">1 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.32175px; letter-spacing: -0.32175px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span>70</span></span></span><span style="position: absolute; display: inline-block; left: 463.594px; top: 143.697px; width: 57.8848px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.873px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.32175px; letter-spacing: -0.32175px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span>70 </span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 158.916px; width: 521.842px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 45.7031px; display: inline-block;">Disposals</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 169.986px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.6154px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.117px; letter-spacing: -0.117px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span>-9 </span><span style="word-spacing: 0.117px; letter-spacing: -0.117px; display: inline-block; margin-left: 0px; width: 42.9784px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 3.74414px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 13.3125px; display: inline-block;">15 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.133px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 14.0156px; display: inline-block;">25 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 174.135px; width: 386.678px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.95898px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 38.4258px; display: inline-block;">ransfers</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 170.525px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.9315px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.3534px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="position: absolute; display: inline-block; left: 386.678px; top: 174.135px; width: 124.535px; white-space: pre; word-spacing: 0.22425px; letter-spacing: -0.22425px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span>73 </span><span style="word-spacing: 0.22425px; letter-spacing: -0.22425px; display: inline-block; margin-left: 0px; width: 39.1699px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="word-spacing: 1.29675px; letter-spacing: -1.29675px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 4.42969px; display: inline-block;"> </span>-7</span><span style="word-spacing: 1.29675px; letter-spacing: -1.29675px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 4.57617px; display: inline-block;">2</span><span style="word-spacing: 1.29675px; letter-spacing: -1.29675px; display: inline-block; margin-left: 0px; width: 1.38867px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span><span style="word-spacing: 1.29675px; letter-spacing: -1.29675px; display: inline-block; margin-left: 0px; width: 48.9315px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span></span><span style="position: absolute; display: inline-block; left: 511.213px; top: 174.135px; width: 2.21484px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 513.428px; top: 174.135px; width: 6.18164px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.18164px; display: inline-block;">0</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 194.898px; width: 521.748px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 126.551px; display: inline-block;">Cost at 31 December 2022</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 66.1815px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 4,522 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 26.4961px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 1,213 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.0664px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.18525px; letter-spacing: -0.18525px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span>7</span><span style="word-spacing: 0.18525px; letter-spacing: -0.18525px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 14.0156px; display: inline-block;">73 </span><span style="word-spacing: 0.18525px; letter-spacing: -0.18525px; display: inline-block; margin-left: 0px; width: 38.133px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> 721 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.6154px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 13.6641px; display: inline-block;">12 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.9414px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 7</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 22.957px; display: inline-block;">,241 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 216.885px; width: 139.084px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 139.084px; display: inline-block;">Amortisation and impairment </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 230.385px; width: 521.824px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 115.6px; display: inline-block;">losses at 1 January 2022</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 84.8261px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 120 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.8946px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 152 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.3534px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.24375px; letter-spacing: -0.24375px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span>57</span><span style="word-spacing: 0.24375px; letter-spacing: -0.24375px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span><span style="word-spacing: 0.24375px; letter-spacing: -0.24375px; display: inline-block; margin-left: 0px; width: 34.6641px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> 365 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.6641px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 694 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 245.604px; width: 521.824px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 43.002px; display: inline-block;">Foreign e</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 101.344px; display: inline-block;">xchange adjustments</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 66.8145px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -5 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.996px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span>-2</span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; width: 48.498px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.9042px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 1.29675px; letter-spacing: -1.29675px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span>-7</span><span style="word-spacing: 1.29675px; letter-spacing: -1.29675px; display: inline-block; margin-left: 0px; width: 1.38867px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 260.838px; width: 521.777px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 95.7891px; display: inline-block;">Amortisation charge</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 119.924px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.9784px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 35 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.3534px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 52 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.9784px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 48 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.8946px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 135 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 276.057px; width: 522.252px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 45.7031px; display: inline-block;">Disposals</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 169.986px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.6154px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.117px; letter-spacing: -0.117px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span>-9 </span><span style="word-spacing: 0.117px; letter-spacing: -0.117px; display: inline-block; margin-left: 0px; width: 42.9784px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 3.74414px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 13.3125px; display: inline-block;">15 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 17.7598px; display: inline-block;">-25 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 296.82px; width: 141.785px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 141.785px; display: inline-block;">Amortisation and impairment </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 310.32px; width: 521.725px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 134.232px; display: inline-block;">losses at 31 December 2022</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 66.8145px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 115 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.5469px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span>187 </span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; width: 40.4062px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> 98 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.0664px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 397 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.9315px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.0664px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.16575px; letter-spacing: -0.16575px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span>797</span><span style="word-spacing: 0.16575px; letter-spacing: -0.16575px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 331.055px; width: 97.1719px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 97.1719px; display: inline-block;">Carrying amount at </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 344.57px; width: 522.076px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 89.7715px; display: inline-block;">31 December 2022</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 102.732px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 4,40</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 8.08594px; display: inline-block;">7 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.5645px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 1,026 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.0664px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.28275px; letter-spacing: -0.28275px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span>676 </span><span style="word-spacing: 0.28275px; letter-spacing: -0.28275px; display: inline-block; margin-left: 0px; width: 37.0664px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> 324 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.6154px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 13.6641px; display: inline-block;">12 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 27.6211px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 6,444 </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">1 <span class="_ _3a"> </span>Relates to acquisition of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">McBurney T<span class="_ _24e"/>ransport Group </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(DKK 446m), Estron Gr<span class="_ _2"/>oup<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(DKK 77m) and DR Macleod </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(DKK 5m)</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2 <span class="_ _3b"> </span>Primarily r<span class="_ _3"/>elates to </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">acquisition of McBurney </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">T<span class="_ _24e"/>ransport Group</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">3 <span class="_ _3b"> </span>Primarily r<span class="_ _2"/>elates to the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">implementation of an ERP </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">system</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">4 <span class="_ _3b"> </span>Reference ma<span class="_ _3"/>de to note 5<span class="_ _2"/>.5</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">5 <span class="_ _3b"> </span>Relates to additions of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Lucey T<span class="_ _24e"/>ransport (DKK 111m) </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and ICT Logistics (DKK 19m)</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">6 <span class="_ _3b"> </span>Primaril<span class="_ _3"/>y rela<span class="_ _3"/>tes to the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">implementation of an ERP </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">system</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">3<span class="_ _3"/>.1.1 <span class="_ _11f"> </span>Non-current intangible assets<span class="ff3"> (<span class="_ _2"/>continued)</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Recognised goodwill is attributable t<span class="_ _3"/>o the following cash gener<span class="_ _3"/>ating units:</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:118.294921875px;"><span style="position: absolute; display: inline-block; left: 0px; top: 0.0097656px; width: 519.574px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 52.6699px; display: inline-block;">DKK million</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 374.027px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 24.8379px; display: inline-block;">2023</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.244px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="width: 23.7949px; display: inline-block;">2022</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 22.0547px; width: 517.594px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 27.4688px; display: inline-block;">Ferry:</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 488.062px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 516.594px; top: 39.1152px; width: 3.28125px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 5.68425px; font-family: ffa; -webkit-text-stroke-width: 0.0852637px;"><span style="width: 3.28125px; display: inline-block;">1</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 37.2441px; width: 516.662px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 192.059px; display: inline-block;">North Sea, Baltic Sea and Mediterranean</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 232.98px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.96484px; display: inline-block;">3,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.1465px; display: inline-block;">384</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 32.6719px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 3,321 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 54.6172px; width: 517.506px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 45.2402px; display: inline-block;">Logistics:</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 470.205px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 71.0723px; width: 521.49px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 48.5273px; display: inline-block;">Dry Goods</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 384.919px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 18.0879px; display: inline-block;">448</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.0332px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 19.9219px; display: inline-block;">427 </span></span><span style="position: absolute; display: inline-block; left: 516.594px; top: 88.1621px; width: 3.28125px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 5.68425px; font-family: ffa; -webkit-text-stroke-width: 0.0852637px;"><span style="width: 3.28125px; display: inline-block;">1</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 86.291px; width: 516.1px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 52.0781px; display: inline-block;">Cold Chain</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 374.027px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 25.2832px; display: inline-block;">1,120</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.244px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 20.4668px; display: inline-block;">659 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 107.055px; width: 521.971px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.2891px; display: inline-block;">otal</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 399.623px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 9.29297px; display: inline-block;">4,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.5684px; display: inline-block;">952</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.4062px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 30.082px; display: inline-block;">4,407 </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> Accounting <span class="_ _4c"> </span>policies<span class="_ _4"/> <span class="_ _fe"> </span><span class="ls0 ws0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Non-current intangible assets - Other than goodwill </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Generall<span class="_ _2"/>y<span class="_ _3"/>, the following applies unless otherwise sta<span class="_ _3"/>ted:<span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">• <span class="_ _9f"> </span> <span class="_ _2d"/>Assets are measured a<span class="_ _3"/>t cost less accumulated amortisation and impairmen<span class="_ _3"/>t losses.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">• <span class="_ _9f"> </span> <span class="_ _2d"/>The cost includes costs to external suppliers, materials and components, dir<span class="_ _2"/>ect wages, salaries, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and interests paid as fr<span class="_ _2"/>om the time of payment until the date when the asset is a<span class="_ _3"/>vailable for use<span class="_ _3"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">• <span class="_ _9f"> </span> <span class="_ _2d"/>The assets are amortised on a straight<span class="_ _2"/>-line basis over the estimated useful life<span class="_ _3"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">• <span class="_ _9f"> </span> <span class="_ _2d"/>The effect from changes in amortisation period or the r<span class="_ _3"/>esidual value is r<span class="_ _3"/>ecognised prospectiv<span class="_ _2"/>ely <span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">as a change in the accounting estimate<span class="_ _3"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Goodwill</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">At initial r<span class="_ _2"/>ecognition goodwill is recognised in the balance sheet at cost, as described in note 5<span class="_ _2"/>.5 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">‘Business-combinations’<span class="_ _26"/>. Subsequently<span class="_ _2"/>, goodwill is measured at cost less accumula<span class="_ _2"/>ted impairment </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">losses. Goodwill is not amortised. An impairment test is performed at least once a y<span class="_ _3"/>ear together with </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">other non-current assets of the Gr<span class="_ _2"/>oup. The book value of goodwill is allocated to the Gr<span class="_ _3"/>oup’<span class="_ _3"/>s cash-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">genera<span class="_ _3"/>ting units at the time of acquisition.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> Accounting <span class="_ _4c"> </span>policies <span class="_ _fe"> </span><span class="ff3 ws0"> (continued)</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Dev<span class="_ _3"/>elopment projects in progr<span class="_ _2"/>ess</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Developmen<span class="_ _3"/>t projects in pr<span class="_ _3"/>ogress, primaril<span class="_ _2"/>y development of IT softwar<span class="_ _2"/>e, are recognised as non-curr<span class="_ _3"/>ent </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">intangible assets if the follo<span class="_ _3"/>wing criteria are met:<span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">• <span class="_ _9f"> </span> <span class="_ _2d"/>The projects are clearl<span class="_ _2"/>y defined and identifiable.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">• <span class="_ _9f"> </span> <span class="_ _2d"/>The Group intends to use the projec<span class="_ _3"/>ts once completed.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">• <span class="_ _9f"> </span> <span class="_ _2d"/>The future earnings from the pr<span class="_ _3"/>ojects are e<span class="_ _2"/>xpected to cover the de<span class="_ _3"/>velopment and administr<span class="_ _2"/>ative </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">costs, and</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">• <span class="_ _9f"> </span> <span class="_ _2d"/>The costs can be reliably measur<span class="_ _2"/>ed.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The amortisation of capitalised dev<span class="_ _3"/>elopment projects st<span class="_ _3"/>arts after the completion of the developmen<span class="_ _3"/>t </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">project and is r<span class="_ _2"/>ecognised on a straight-line basis o<span class="_ _3"/>ver the e<span class="_ _3"/>xpected useful life, which normall<span class="_ _2"/>y is 3-5 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">years, but in certain cases up to 10 y<span class="_ _3"/>ears (the latter applies t<span class="_ _3"/>o significant internally de<span class="_ _2"/>veloped </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">commercial and oper<span class="_ _2"/>ational systems).</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Other non-current intangible assets</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Other non-current intangible assets comprise the v<span class="_ _3"/>alue of customer rela<span class="_ _2"/>tions or similar<span class="_ _2"/>, identified as </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">part of business combinations, and which has definite useful life. Other non-curr<span class="_ _3"/>ent intangible assets </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are measur<span class="_ _2"/>ed at cost less accumulated amortisation and impairment losses. Amortisation is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">recognised on a str<span class="_ _2"/>aight-line basis over the e<span class="_ _2"/>xpected useful life, which normall<span class="_ _3"/>y is 3-5 years, ex<span class="_ _2"/>cept </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">from customer portf<span class="_ _3"/>olio which is up to 15 years.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Port concession rights</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Port concession rights comprise the value of access t<span class="_ _3"/>o strat<span class="_ _3"/>egically pla<span class="_ _3"/>ced ports which is recognised </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">at their fair v<span class="_ _3"/>alue at the acquisition da<span class="_ _3"/>te. Acquir<span class="_ _2"/>ed por<span class="_ _4"/>t concession rights are amortised ov<span class="_ _3"/>er the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">concession period.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">1 <span class="_ _3a"> </span>Comparison figures ha<span class="_ _3"/>ve </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">been resta<span class="_ _3"/>ted as part of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">goodwill from a prior acqui<span class="ls0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">sition has been realloca<span class="_ _3"/>ted </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">from Logistics Division to </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Ferry Division.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">3<span class="_ _3"/>.1.1 <span class="_ _11f"> </span>Non-current intangible assets</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:371.013671875px;"><span style="position: absolute; display: inline-block; left: 0px; top: 0.0097656px; width: 521.789px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 52.6699px; display: inline-block;">DKK million</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 165.176px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.1875px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.1875px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.1875px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.1875px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.0664px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 24.8379px; display: inline-block;">2023</span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 291.016px; top: 22.0547px; width: 52.3887px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 52.418px; display: inline-block;">Other non- </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 416.797px; top: 22.0703px; width: 42.668px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 18.498px; display: inline-block;">Dev</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 24.6328px; display: inline-block;">elop-</span></span><span style="position: absolute; display: inline-block; left: 261.984px; top: 35.5547px; width: 22.3008px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 22.3008px; display: inline-block;">Port </span></span><span style="position: absolute; display: inline-block; left: 306.5px; top: 35.5703px; width: 36.8379px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 36.8379px; display: inline-block;">current </span></span><span style="position: absolute; display: inline-block; left: 435.406px; top: 35.5703px; width: 26.4668px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 26.4668px; display: inline-block;">ment </span></span><span style="position: absolute; display: inline-block; left: 227.828px; top: 49.0547px; width: 55.8047px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 55.8047px; display: inline-block;">concession </span></span><span style="position: absolute; display: inline-block; left: 293.016px; top: 49.0703px; width: 50.3438px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 50.3438px; display: inline-block;">intangible </span></span><span style="position: absolute; display: inline-block; left: 411.516px; top: 49.0703px; width: 51.5977px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 51.5977px; display: inline-block;">projects in </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 62.5547px; width: 222.076px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 177.639px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 42.375px; display: inline-block;">Goodwill</span></span><span style="position: absolute; display: inline-block; left: 233.312px; top: 62.5547px; width: 47.7656px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 47.7656px; display: inline-block;">rights etc.</span></span><span style="position: absolute; display: inline-block; left: 310.734px; top: 62.5703px; width: 91.1543px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 31.377px; display: inline-block;">assets</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 16.0723px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 43.7051px; display: inline-block;">Software</span></span><span style="position: absolute; display: inline-block; left: 419.094px; top: 62.5859px; width: 100.975px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 41.8477px; display: inline-block;">progress</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.6641px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.2891px; display: inline-block;">otal</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 84.5723px; width: 323.625px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 108.463px; display: inline-block;">Cost at 1 January 2023</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 87.2636px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 26.5723px; display: inline-block;">4,522</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.0547px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 25.166px; display: inline-block;">1,213</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="position: absolute; display: inline-block; left: 323.625px; top: 84.5723px; width: 125.215px; white-space: pre; word-spacing: 0.22425px; letter-spacing: -0.22425px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 17.0566px; display: inline-block;">773</span><span style="word-spacing: 0.22425px; letter-spacing: -0.22425px; display: inline-block; margin-left: 0px; width: 42.9784px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="word-spacing: 0.195px; letter-spacing: -0.195px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 11.3145px; display: inline-block;">72</span><span style="word-spacing: 0.195px; letter-spacing: -0.195px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 4.97461px; display: inline-block;">1</span><span style="word-spacing: 0.195px; letter-spacing: -0.195px; display: inline-block; margin-left: 0px; width: 48.498px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span></span><span style="position: absolute; display: inline-block; left: 448.84px; top: 84.5723px; width: 70.9863px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 11.0391px; display: inline-block;">12</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.0391px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 5.83594px; display: inline-block;">7</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.9395px; display: inline-block;">,241</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 99.791px; width: 519.826px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 43.002px; display: inline-block;">Foreign e</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 101.344px; display: inline-block;">xchange adjustments</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 67.377px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 11.127px; display: inline-block;">16</span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; width: 53.0801px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.8477px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 5.83594px; display: inline-block;">7</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0801px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.498px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.195px; letter-spacing: -0.195px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 11.4902px; display: inline-block;">24</span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 115.01px; width: 120.252px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 120.252px; display: inline-block;">Addition on acquisition of </span></span><span style="position: absolute; display: inline-block; left: 222.281px; top: 130.35px; width: 3.28125px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 5.68425px; font-family: ffa; -webkit-text-stroke-width: 0.0852637px;"><span style="width: 3.28125px; display: inline-block;">1</span></span><span style="position: absolute; display: inline-block; left: 341.516px; top: 130.35px; width: 3.58008px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 5.68425px; font-family: ffa; -webkit-text-stroke-width: 0.0852637px;"><span style="width: 3.58008px; display: inline-block;">2</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 128.51px; width: 222.621px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 52.3301px; display: inline-block;">enterprises</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 150.205px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 20.0859px; display: inline-block;">528 </span></span><span style="position: absolute; display: inline-block; left: 275.406px; top: 128.479px; width: 65.8418px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.873px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 19.7871px; display: inline-block;">227 </span></span><span style="position: absolute; display: inline-block; left: 394.328px; top: 128.479px; width: 124.488px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.83594px; display: inline-block;">7</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0801px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.32175px; letter-spacing: -0.32175px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 11.3438px; display: inline-block;">76</span><span style="word-spacing: 0.32175px; letter-spacing: -0.32175px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.54883px; display: inline-block;">2</span></span></span><span style="position: absolute; display: inline-block; left: 460.281px; top: 145.568px; width: 3.72656px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 5.68425px; font-family: ffa; -webkit-text-stroke-width: 0.0852637px;"><span style="width: 3.72656px; display: inline-block;">3</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 143.697px; width: 460.154px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 44.0332px; display: inline-block;">Additions</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 171.861px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0801px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.2227px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 5.16797px; display: inline-block;">1</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.6154px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 14.1621px; display: inline-block;">82 </span></span><span style="position: absolute; display: inline-block; left: 507.281px; top: 143.682px; width: 12.1406px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 12.1406px; display: inline-block;">83</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 158.9px; width: 519.668px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 45.7031px; display: inline-block;">Disposals</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 169.986px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.2227px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 5.16797px; display: inline-block;">1</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.6482px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 14.8418px; display: inline-block;">-51</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.7636px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 15.8555px; display: inline-block;">-50</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 174.135px; width: 388.611px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.95898px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 38.4258px; display: inline-block;">ransfers</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 172.98px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0801px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0801px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7832px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="position: absolute; display: inline-block; left: 388.611px; top: 174.135px; width: 125.238px; white-space: pre; word-spacing: 0.0975px; letter-spacing: -0.0975px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 11.8125px; display: inline-block;">79</span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; width: 45.6154px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="word-spacing: 1.29675px; letter-spacing: -1.29675px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.98438px; display: inline-block;">-7</span><span style="word-spacing: 1.29675px; letter-spacing: -1.29675px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 4.53516px; display: inline-block;">7</span><span style="word-spacing: 1.29675px; letter-spacing: -1.29675px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span></span><span style="position: absolute; display: inline-block; left: 513.85px; top: 174.135px; width: 6.07031px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.07031px; display: inline-block;">3</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 194.898px; width: 382.529px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 126.773px; display: inline-block;">Cost at 31 December 2023</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 67.8926px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.11719px; display: inline-block;">5</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 22.0957px; display: inline-block;">,066</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 32.6719px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 26.4258px; display: inline-block;">1,214</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 32.291px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 27.5859px; display: inline-block;">1,008</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="position: absolute; display: inline-block; left: 382.529px; top: 194.898px; width: 109.348px; white-space: pre; word-spacing: 0.32175px; letter-spacing: -0.32175px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 17.4844px; display: inline-block;">758</span><span style="word-spacing: 0.32175px; letter-spacing: -0.32175px; display: inline-block; margin-left: 0px; width: 49.3125px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span><span style="word-spacing: 0.8385px; letter-spacing: -0.8385px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 9.87891px; display: inline-block;">17</span><span style="word-spacing: 0.8385px; letter-spacing: -0.8385px; display: inline-block; margin-left: 0px; width: 32.6719px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span></span></span><span style="position: absolute; display: inline-block; left: 491.877px; top: 194.898px; width: 27.4746px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 9.28711px; display: inline-block;">8,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.0547px; display: inline-block;">063</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 216.885px; width: 139.084px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 139.084px; display: inline-block;">Amortisation and impairment </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 230.385px; width: 519.24px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 115.793px; display: inline-block;">losses at 1 January 2023</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 90.1582px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 16.2656px; display: inline-block;">115</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.5741px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.10725px; letter-spacing: -0.10725px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 16.752px; display: inline-block;">187</span><span style="word-spacing: 0.10725px; letter-spacing: -0.10725px; display: inline-block; margin-left: 0px; width: 47.2969px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 12.2461px; display: inline-block;">98</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.5489px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.1755px; letter-spacing: -0.1755px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 17.543px; display: inline-block;">397</span><span style="word-spacing: 0.1755px; letter-spacing: -0.1755px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.1755px; letter-spacing: -0.1755px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 17.3086px; display: inline-block;">797</span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 245.604px; width: 519.469px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 43.002px; display: inline-block;">Foreign e</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 101.344px; display: inline-block;">xchange adjustments</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 70.3654px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 7.64648px; display: inline-block;">-1</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 53.8477px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.2227px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 5.16797px; display: inline-block;">1</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0801px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 260.822px; width: 518.988px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 95.7891px; display: inline-block;">Amortisation charge</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 119.924px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7832px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 11.9941px; display: inline-block;">35</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7832px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.2145px; letter-spacing: -0.2145px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 11.4785px; display: inline-block;">78</span><span style="word-spacing: 0.2145px; letter-spacing: -0.2145px; display: inline-block; margin-left: 0px; width: 47.2969px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 12.1641px; display: inline-block;">64</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.3534px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 9.36328px; display: inline-block;">17</span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.25586px; display: inline-block;">8</span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 276.041px; width: 519.668px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 45.7031px; display: inline-block;">Disposals</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 169.986px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.2227px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 5.16797px; display: inline-block;">1</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.6482px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 14.8418px; display: inline-block;">-51</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.7636px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 15.8555px; display: inline-block;">-50</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 291.26px; width: 519.703px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.95898px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 38.4258px; display: inline-block;">ransfers</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 172.98px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0801px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0801px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.6386px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 5.16797px; display: inline-block;">1</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0801px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.6386px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 5.16797px; display: inline-block;">1</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 312.039px; width: 141.785px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 141.785px; display: inline-block;">Amortisation and impairment </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 325.539px; width: 519.879px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 134.455px; display: inline-block;">losses at 31 December 2023</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 70.3654px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.08775px; letter-spacing: -0.08775px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 17.1152px; display: inline-block;">114</span><span style="word-spacing: 0.08775px; letter-spacing: -0.08775px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span></span><span style="width: 18.4512px; display: inline-block;">223</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.5741px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.8385px; letter-spacing: -0.8385px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 9.87891px; display: inline-block;">17</span><span style="word-spacing: 0.8385px; letter-spacing: -0.8385px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.47266px; display: inline-block;">8</span><span style="word-spacing: 0.8385px; letter-spacing: -0.8385px; display: inline-block; margin-left: 0px; width: 42.1054px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span></span><span style="width: 17.9238px; display: inline-block;">412</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0801px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.38672px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 18.8203px; display: inline-block;">926</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 346.273px; width: 97.1719px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 97.1719px; display: inline-block;">Carrying amount at </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 359.773px; width: 519.639px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 89.9941px; display: inline-block;">31 December 2023</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 104.49px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 27.8613px; display: inline-block;">4,952</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.873px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 19.1426px; display: inline-block;">990</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.5489px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 18.1406px; display: inline-block;">831</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.4062px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 18.9844px; display: inline-block;">346</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.9315px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.8385px; letter-spacing: -0.8385px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 9.87891px; display: inline-block;">17</span><span style="word-spacing: 0.8385px; letter-spacing: -0.8385px; display: inline-block; margin-left: 0px; width: 34.0547px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span></span><span style="width: 6.0293px; display: inline-block;">7</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 21.1699px; display: inline-block;">,136</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The carrying amount of completed softwar<span class="_ _3"/>e and developmen<span class="_ _3"/>t projects in pr<span class="_ _2"/>ogress primarily r<span class="_ _3"/>elates to a P<span class="_ _3"/>assenger </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">booking system, a T<span class="_ _26"/>ransport Management System, an onboard sales s<span class="_ _3"/>ystem, an ERP system, and v<span class="_ _2"/>arious digital<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">products. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">For informa<span class="_ _3"/>tion regar<span class="_ _3"/>ding the impairment tests ref<span class="_ _3"/>erence is made t<span class="_ _3"/>o note 3<span class="_ _3"/>.1.4.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:355.810546875px;"><span style="position: absolute; display: inline-block; left: 0px; top: 0.0097656px; width: 521.807px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 52.6699px; display: inline-block;">DKK million</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 165.176px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.1875px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.1875px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.1875px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.1875px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.133px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 26.0039px; display: inline-block;">2022 </span></span><span style="position: absolute; display: inline-block; left: 290.844px; top: 22.0703px; width: 52.3887px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 52.418px; display: inline-block;">Other non- </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 416.641px; top: 22.0703px; width: 42.668px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 18.498px; display: inline-block;">Dev</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 24.6328px; display: inline-block;">elop-</span></span><span style="position: absolute; display: inline-block; left: 260.891px; top: 35.5547px; width: 22.3008px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 22.3008px; display: inline-block;">Port </span></span><span style="position: absolute; display: inline-block; left: 306.188px; top: 35.5703px; width: 36.8379px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 36.8379px; display: inline-block;">current </span></span><span style="position: absolute; display: inline-block; left: 435.344px; top: 35.5859px; width: 26.4668px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 26.4668px; display: inline-block;">ment </span></span><span style="position: absolute; display: inline-block; left: 227.688px; top: 49.0703px; width: 55.8047px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 55.8047px; display: inline-block;">concession </span></span><span style="position: absolute; display: inline-block; left: 292.547px; top: 49.0703px; width: 50.3438px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 50.3438px; display: inline-block;">intangible </span></span><span style="position: absolute; display: inline-block; left: 410.344px; top: 49.0859px; width: 51.5977px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 51.5977px; display: inline-block;">projects in </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 62.5547px; width: 222.076px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 177.639px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 42.375px; display: inline-block;">Goodwill</span></span><span style="position: absolute; display: inline-block; left: 233.234px; top: 62.5703px; width: 47.7656px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 47.7656px; display: inline-block;">rights etc.</span></span><span style="position: absolute; display: inline-block; left: 309.547px; top: 62.5703px; width: 91.1543px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 31.377px; display: inline-block;">assets</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 16.0723px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 43.7051px; display: inline-block;">Software</span></span><span style="position: absolute; display: inline-block; left: 418.125px; top: 62.5859px; width: 100.975px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 41.8477px; display: inline-block;">progress</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.6641px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.2891px; display: inline-block;">otal</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 84.5723px; width: 521.596px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 108.27px; display: inline-block;">Cost at 1 January 2022</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 82.3477px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 4,400 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.9102px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 27.3809px; display: inline-block;">1,213 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.6641px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 656 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.6641px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 663 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.7636px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.16575px; letter-spacing: -0.16575px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span>14 </span><span style="word-spacing: 0.16575px; letter-spacing: -0.16575px; display: inline-block; margin-left: 0px; width: 27.6211px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="word-spacing: 0.43875px; letter-spacing: -0.43875px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 4.42969px; display: inline-block;"> </span>6,9</span><span style="word-spacing: 0.43875px; letter-spacing: -0.43875px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 13.1777px; display: inline-block;">47 </span></span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 99.791px; width: 521.818px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 43.002px; display: inline-block;">Foreign e</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 101.344px; display: inline-block;">xchange adjustments</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.4142px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 13.957px; display: inline-block;">22 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.6154px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span>-3 </span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; width: 48.9315px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.133px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 14.0156px; display: inline-block;">25 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 115.01px; width: 120.252px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 120.252px; display: inline-block;">Addition on acquisition of </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 128.51px; width: 220.646px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 52.3301px; display: inline-block;">enterprises</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 151.629px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.16575px; letter-spacing: -0.16575px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 16.6875px; display: inline-block;">144</span></span></span><span style="position: absolute; display: inline-block; left: 340.234px; top: 130.35px; width: 4.75781px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 5.68425px; font-family: ffa; -webkit-text-stroke-width: 0.0852637px;"><span style="display: inline-block;"> 5</span></span><span style="position: absolute; display: inline-block; left: 275.016px; top: 128.479px; width: 64.9043px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.6641px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 130</span></span><span style="position: absolute; display: inline-block; left: 344.031px; top: 128.479px; width: 176.713px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.2969px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.8946px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.77025px; letter-spacing: -0.77025px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 4.42969px; display: inline-block;"> </span>2</span><span style="word-spacing: 0.77025px; letter-spacing: -0.77025px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 10.3008px; display: inline-block;">74</span><span style="word-spacing: 0.77025px; letter-spacing: -0.77025px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="position: absolute; display: inline-block; left: 458.672px; top: 145.568px; width: 4.92188px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 5.68425px; font-family: ffa; -webkit-text-stroke-width: 0.0852637px;"><span style="display: inline-block;"> 6</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 143.697px; width: 458.379px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 44.0332px; display: inline-block;">Additions</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 171.861px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.0136px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 7.38281px; display: inline-block;">1 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.32175px; letter-spacing: -0.32175px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span>70</span></span></span><span style="position: absolute; display: inline-block; left: 463.594px; top: 143.697px; width: 57.8848px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.873px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.32175px; letter-spacing: -0.32175px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span>70 </span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 158.916px; width: 521.842px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 45.7031px; display: inline-block;">Disposals</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 169.986px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.6154px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.117px; letter-spacing: -0.117px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span>-9 </span><span style="word-spacing: 0.117px; letter-spacing: -0.117px; display: inline-block; margin-left: 0px; width: 42.9784px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 3.74414px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 13.3125px; display: inline-block;">15 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.133px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 14.0156px; display: inline-block;">25 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 174.135px; width: 386.678px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.95898px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 38.4258px; display: inline-block;">ransfers</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 170.525px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.9315px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.3534px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="position: absolute; display: inline-block; left: 386.678px; top: 174.135px; width: 124.535px; white-space: pre; word-spacing: 0.22425px; letter-spacing: -0.22425px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span>73 </span><span style="word-spacing: 0.22425px; letter-spacing: -0.22425px; display: inline-block; margin-left: 0px; width: 39.1699px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="word-spacing: 1.29675px; letter-spacing: -1.29675px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 4.42969px; display: inline-block;"> </span>-7</span><span style="word-spacing: 1.29675px; letter-spacing: -1.29675px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 4.57617px; display: inline-block;">2</span><span style="word-spacing: 1.29675px; letter-spacing: -1.29675px; display: inline-block; margin-left: 0px; width: 1.38867px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span><span style="word-spacing: 1.29675px; letter-spacing: -1.29675px; display: inline-block; margin-left: 0px; width: 48.9315px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span></span><span style="position: absolute; display: inline-block; left: 511.213px; top: 174.135px; width: 2.21484px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 513.428px; top: 174.135px; width: 6.18164px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.18164px; display: inline-block;">0</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 194.898px; width: 521.748px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 126.551px; display: inline-block;">Cost at 31 December 2022</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 66.1815px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 4,522 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 26.4961px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 1,213 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.0664px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.18525px; letter-spacing: -0.18525px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span>7</span><span style="word-spacing: 0.18525px; letter-spacing: -0.18525px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 14.0156px; display: inline-block;">73 </span><span style="word-spacing: 0.18525px; letter-spacing: -0.18525px; display: inline-block; margin-left: 0px; width: 38.133px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> 721 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.6154px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 13.6641px; display: inline-block;">12 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.9414px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 7</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 22.957px; display: inline-block;">,241 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 216.885px; width: 139.084px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 139.084px; display: inline-block;">Amortisation and impairment </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 230.385px; width: 521.824px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 115.6px; display: inline-block;">losses at 1 January 2022</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 84.8261px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 120 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.8946px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 152 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.3534px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.24375px; letter-spacing: -0.24375px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span>57</span><span style="word-spacing: 0.24375px; letter-spacing: -0.24375px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span><span style="word-spacing: 0.24375px; letter-spacing: -0.24375px; display: inline-block; margin-left: 0px; width: 34.6641px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> 365 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.6641px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 694 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 245.604px; width: 521.824px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 43.002px; display: inline-block;">Foreign e</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 101.344px; display: inline-block;">xchange adjustments</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 66.8145px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -5 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.996px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span>-2</span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; width: 48.498px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.9042px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 1.29675px; letter-spacing: -1.29675px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span>-7</span><span style="word-spacing: 1.29675px; letter-spacing: -1.29675px; display: inline-block; margin-left: 0px; width: 1.38867px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 260.838px; width: 521.777px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 95.7891px; display: inline-block;">Amortisation charge</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 119.924px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.9784px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 35 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.3534px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 52 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.9784px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 48 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.8946px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 135 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 276.057px; width: 522.252px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 45.7031px; display: inline-block;">Disposals</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 169.986px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.6154px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.117px; letter-spacing: -0.117px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span>-9 </span><span style="word-spacing: 0.117px; letter-spacing: -0.117px; display: inline-block; margin-left: 0px; width: 42.9784px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 3.74414px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 13.3125px; display: inline-block;">15 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 17.7598px; display: inline-block;">-25 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 296.82px; width: 141.785px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 141.785px; display: inline-block;">Amortisation and impairment </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 310.32px; width: 521.725px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 134.232px; display: inline-block;">losses at 31 December 2022</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 66.8145px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 115 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.5469px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span>187 </span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; width: 40.4062px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> 98 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.0664px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 397 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.9315px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.0664px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.16575px; letter-spacing: -0.16575px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span>797</span><span style="word-spacing: 0.16575px; letter-spacing: -0.16575px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 331.055px; width: 97.1719px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 97.1719px; display: inline-block;">Carrying amount at </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 344.57px; width: 522.076px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 89.7715px; display: inline-block;">31 December 2022</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 102.732px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 4,40</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 8.08594px; display: inline-block;">7 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.5645px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 1,026 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.0664px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.28275px; letter-spacing: -0.28275px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span>676 </span><span style="word-spacing: 0.28275px; letter-spacing: -0.28275px; display: inline-block; margin-left: 0px; width: 37.0664px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> 324 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.6154px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 13.6641px; display: inline-block;">12 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 27.6211px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 6,444 </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">1 <span class="_ _3a"> </span>Relates to acquisition of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">McBurney T<span class="_ _24e"/>ransport Group </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(DKK 446m), Estron Gr<span class="_ _2"/>oup<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(DKK 77m) and DR Macleod </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(DKK 5m)</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2 <span class="_ _3b"> </span>Primarily r<span class="_ _3"/>elates to </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">acquisition of McBurney </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">T<span class="_ _24e"/>ransport Group</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">3 <span class="_ _3b"> </span>Primarily r<span class="_ _2"/>elates to the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">implementation of an ERP </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">system</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">4 <span class="_ _3b"> </span>Reference ma<span class="_ _3"/>de to note 5<span class="_ _2"/>.5</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">5 <span class="_ _3b"> </span>Relates to additions of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Lucey T<span class="_ _24e"/>ransport (DKK 111m) </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and ICT Logistics (DKK 19m)</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">6 <span class="_ _3b"> </span>Primaril<span class="_ _3"/>y rela<span class="_ _3"/>tes to the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">implementation of an ERP </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">system</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">3<span class="_ _3"/>.1.1 <span class="_ _11f"> </span>Non-current intangible assets<span class="ff3"> (<span class="_ _2"/>continued)</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Recognised goodwill is attributable t<span class="_ _3"/>o the following cash gener<span class="_ _3"/>ating units:</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:118.294921875px;"><span style="position: absolute; display: inline-block; left: 0px; top: 0.0097656px; width: 519.574px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 52.6699px; display: inline-block;">DKK million</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 374.027px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 24.8379px; display: inline-block;">2023</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.244px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="width: 23.7949px; display: inline-block;">2022</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 22.0547px; width: 517.594px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 27.4688px; display: inline-block;">Ferry:</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 488.062px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 516.594px; top: 39.1152px; width: 3.28125px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 5.68425px; font-family: ffa; -webkit-text-stroke-width: 0.0852637px;"><span style="width: 3.28125px; display: inline-block;">1</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 37.2441px; width: 516.662px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 192.059px; display: inline-block;">North Sea, Baltic Sea and Mediterranean</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 232.98px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.96484px; display: inline-block;">3,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.1465px; display: inline-block;">384</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 32.6719px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 3,321 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 54.6172px; width: 517.506px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 45.2402px; display: inline-block;">Logistics:</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 470.205px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 71.0723px; width: 521.49px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 48.5273px; display: inline-block;">Dry Goods</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 384.919px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 18.0879px; display: inline-block;">448</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.0332px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 19.9219px; display: inline-block;">427 </span></span><span style="position: absolute; display: inline-block; left: 516.594px; top: 88.1621px; width: 3.28125px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 5.68425px; font-family: ffa; -webkit-text-stroke-width: 0.0852637px;"><span style="width: 3.28125px; display: inline-block;">1</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 86.291px; width: 516.1px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 52.0781px; display: inline-block;">Cold Chain</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 374.027px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 25.2832px; display: inline-block;">1,120</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.244px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 20.4668px; display: inline-block;">659 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 107.055px; width: 521.971px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.2891px; display: inline-block;">otal</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 399.623px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 9.29297px; display: inline-block;">4,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.5684px; display: inline-block;">952</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.4062px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 30.082px; display: inline-block;">4,407 </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> Accounting <span class="_ _4c"> </span>policies<span class="_ _4"/> <span class="_ _fe"> </span><span class="ls0 ws0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Non-current intangible assets - Other than goodwill </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Generall<span class="_ _2"/>y<span class="_ _3"/>, the following applies unless otherwise sta<span class="_ _3"/>ted:<span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">• <span class="_ _9f"> </span> <span class="_ _2d"/>Assets are measured a<span class="_ _3"/>t cost less accumulated amortisation and impairmen<span class="_ _3"/>t losses.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">• <span class="_ _9f"> </span> <span class="_ _2d"/>The cost includes costs to external suppliers, materials and components, dir<span class="_ _2"/>ect wages, salaries, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and interests paid as fr<span class="_ _2"/>om the time of payment until the date when the asset is a<span class="_ _3"/>vailable for use<span class="_ _3"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">• <span class="_ _9f"> </span> <span class="_ _2d"/>The assets are amortised on a straight<span class="_ _2"/>-line basis over the estimated useful life<span class="_ _3"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">• <span class="_ _9f"> </span> <span class="_ _2d"/>The effect from changes in amortisation period or the r<span class="_ _3"/>esidual value is r<span class="_ _3"/>ecognised prospectiv<span class="_ _2"/>ely <span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">as a change in the accounting estimate<span class="_ _3"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Goodwill</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">At initial r<span class="_ _2"/>ecognition goodwill is recognised in the balance sheet at cost, as described in note 5<span class="_ _2"/>.5 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">‘Business-combinations’<span class="_ _26"/>. Subsequently<span class="_ _2"/>, goodwill is measured at cost less accumula<span class="_ _2"/>ted impairment </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">losses. Goodwill is not amortised. An impairment test is performed at least once a y<span class="_ _3"/>ear together with </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">other non-current assets of the Gr<span class="_ _2"/>oup. The book value of goodwill is allocated to the Gr<span class="_ _3"/>oup’<span class="_ _3"/>s cash-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">genera<span class="_ _3"/>ting units at the time of acquisition.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> Accounting <span class="_ _4c"> </span>policies <span class="_ _fe"> </span><span class="ff3 ws0"> (continued)</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Dev<span class="_ _3"/>elopment projects in progr<span class="_ _2"/>ess</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Developmen<span class="_ _3"/>t projects in pr<span class="_ _3"/>ogress, primaril<span class="_ _2"/>y development of IT softwar<span class="_ _2"/>e, are recognised as non-curr<span class="_ _3"/>ent </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">intangible assets if the follo<span class="_ _3"/>wing criteria are met:<span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">• <span class="_ _9f"> </span> <span class="_ _2d"/>The projects are clearl<span class="_ _2"/>y defined and identifiable.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">• <span class="_ _9f"> </span> <span class="_ _2d"/>The Group intends to use the projec<span class="_ _3"/>ts once completed.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">• <span class="_ _9f"> </span> <span class="_ _2d"/>The future earnings from the pr<span class="_ _3"/>ojects are e<span class="_ _2"/>xpected to cover the de<span class="_ _3"/>velopment and administr<span class="_ _2"/>ative </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">costs, and</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">• <span class="_ _9f"> </span> <span class="_ _2d"/>The costs can be reliably measur<span class="_ _2"/>ed.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The amortisation of capitalised dev<span class="_ _3"/>elopment projects st<span class="_ _3"/>arts after the completion of the developmen<span class="_ _3"/>t </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">project and is r<span class="_ _2"/>ecognised on a straight-line basis o<span class="_ _3"/>ver the e<span class="_ _3"/>xpected useful life, which normall<span class="_ _2"/>y is 3-5 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">years, but in certain cases up to 10 y<span class="_ _3"/>ears (the latter applies t<span class="_ _3"/>o significant internally de<span class="_ _2"/>veloped </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">commercial and oper<span class="_ _2"/>ational systems).</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Other non-current intangible assets</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Other non-current intangible assets comprise the v<span class="_ _3"/>alue of customer rela<span class="_ _2"/>tions or similar<span class="_ _2"/>, identified as </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">part of business combinations, and which has definite useful life. Other non-curr<span class="_ _3"/>ent intangible assets </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are measur<span class="_ _2"/>ed at cost less accumulated amortisation and impairment losses. Amortisation is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">recognised on a str<span class="_ _2"/>aight-line basis over the e<span class="_ _2"/>xpected useful life, which normall<span class="_ _3"/>y is 3-5 years, ex<span class="_ _2"/>cept </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">from customer portf<span class="_ _3"/>olio which is up to 15 years.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Port concession rights</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Port concession rights comprise the value of access t<span class="_ _3"/>o strat<span class="_ _3"/>egically pla<span class="_ _3"/>ced ports which is recognised </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">at their fair v<span class="_ _3"/>alue at the acquisition da<span class="_ _3"/>te. Acquir<span class="_ _2"/>ed por<span class="_ _4"/>t concession rights are amortised ov<span class="_ _3"/>er the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">concession period.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">1 <span class="_ _3a"> </span>Comparison figures ha<span class="_ _3"/>ve </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">been resta<span class="_ _3"/>ted as part of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">goodwill from a prior acqui<span class="ls0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">sition has been realloca<span class="_ _3"/>ted </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">from Logistics Division to </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Ferry Division.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> Accounting <span class="_ _4c"> </span>policies<span class="_ _4"/> <span class="_ _fe"> </span><span class="ls0 ws0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Non-current intangible assets - Other than goodwill </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Generall<span class="_ _2"/>y<span class="_ _3"/>, the following applies unless otherwise sta<span class="_ _3"/>ted:<span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">• <span class="_ _9f"> </span> <span class="_ _2d"/>Assets are measured a<span class="_ _3"/>t cost less accumulated amortisation and impairmen<span class="_ _3"/>t losses.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">• <span class="_ _9f"> </span> <span class="_ _2d"/>The cost includes costs to external suppliers, materials and components, dir<span class="_ _2"/>ect wages, salaries, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and interests paid as fr<span class="_ _2"/>om the time of payment until the date when the asset is a<span class="_ _3"/>vailable for use<span class="_ _3"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">• <span class="_ _9f"> </span> <span class="_ _2d"/>The assets are amortised on a straight<span class="_ _2"/>-line basis over the estimated useful life<span class="_ _3"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">• <span class="_ _9f"> </span> <span class="_ _2d"/>The effect from changes in amortisation period or the r<span class="_ _3"/>esidual value is r<span class="_ _3"/>ecognised prospectiv<span class="_ _2"/>ely <span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">as a change in the accounting estimate<span class="_ _3"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Goodwill</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">At initial r<span class="_ _2"/>ecognition goodwill is recognised in the balance sheet at cost, as described in note 5<span class="_ _2"/>.5 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">‘Business-combinations’<span class="_ _26"/>. Subsequently<span class="_ _2"/>, goodwill is measured at cost less accumula<span class="_ _2"/>ted impairment </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">losses. Goodwill is not amortised. An impairment test is performed at least once a y<span class="_ _3"/>ear together with </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">other non-current assets of the Gr<span class="_ _2"/>oup. The book value of goodwill is allocated to the Gr<span class="_ _3"/>oup’<span class="_ _3"/>s cash-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">genera<span class="_ _3"/>ting units at the time of acquisition.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> Accounting <span class="_ _4c"> </span>policies <span class="_ _fe"> </span><span class="ff3 ws0"> (continued)</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Dev<span class="_ _3"/>elopment projects in progr<span class="_ _2"/>ess</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Developmen<span class="_ _3"/>t projects in pr<span class="_ _3"/>ogress, primaril<span class="_ _2"/>y development of IT softwar<span class="_ _2"/>e, are recognised as non-curr<span class="_ _3"/>ent </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">intangible assets if the follo<span class="_ _3"/>wing criteria are met:<span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">• <span class="_ _9f"> </span> <span class="_ _2d"/>The projects are clearl<span class="_ _2"/>y defined and identifiable.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">• <span class="_ _9f"> </span> <span class="_ _2d"/>The Group intends to use the projec<span class="_ _3"/>ts once completed.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">• <span class="_ _9f"> </span> <span class="_ _2d"/>The future earnings from the pr<span class="_ _3"/>ojects are e<span class="_ _2"/>xpected to cover the de<span class="_ _3"/>velopment and administr<span class="_ _2"/>ative </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">costs, and</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">• <span class="_ _9f"> </span> <span class="_ _2d"/>The costs can be reliably measur<span class="_ _2"/>ed.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The amortisation of capitalised dev<span class="_ _3"/>elopment projects st<span class="_ _3"/>arts after the completion of the developmen<span class="_ _3"/>t </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">project and is r<span class="_ _2"/>ecognised on a straight-line basis o<span class="_ _3"/>ver the e<span class="_ _3"/>xpected useful life, which normall<span class="_ _2"/>y is 3-5 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">years, but in certain cases up to 10 y<span class="_ _3"/>ears (the latter applies t<span class="_ _3"/>o significant internally de<span class="_ _2"/>veloped </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">commercial and oper<span class="_ _2"/>ational systems).</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Other non-current intangible assets</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Other non-current intangible assets comprise the v<span class="_ _3"/>alue of customer rela<span class="_ _2"/>tions or similar<span class="_ _2"/>, identified as </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">part of business combinations, and which has definite useful life. Other non-curr<span class="_ _3"/>ent intangible assets </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are measur<span class="_ _2"/>ed at cost less accumulated amortisation and impairment losses. Amortisation is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">recognised on a str<span class="_ _2"/>aight-line basis over the e<span class="_ _2"/>xpected useful life, which normall<span class="_ _3"/>y is 3-5 years, ex<span class="_ _2"/>cept </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">from customer portf<span class="_ _3"/>olio which is up to 15 years.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Port concession rights</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Port concession rights comprise the value of access t<span class="_ _3"/>o strat<span class="_ _3"/>egically pla<span class="_ _3"/>ced ports which is recognised </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">at their fair v<span class="_ _3"/>alue at the acquisition da<span class="_ _3"/>te. Acquir<span class="_ _2"/>ed por<span class="_ _4"/>t concession rights are amortised ov<span class="_ _3"/>er the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">concession period.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Non-current intangible assets - Other than goodwill </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Generall<span class="_ _2"/>y<span class="_ _3"/>, the following applies unless otherwise sta<span class="_ _3"/>ted:<span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">• <span class="_ _9f"> </span> <span class="_ _2d"/>Assets are measured a<span class="_ _3"/>t cost less accumulated amortisation and impairmen<span class="_ _3"/>t losses.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">• <span class="_ _9f"> </span> <span class="_ _2d"/>The cost includes costs to external suppliers, materials and components, dir<span class="_ _2"/>ect wages, salaries, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and interests paid as fr<span class="_ _2"/>om the time of payment until the date when the asset is a<span class="_ _3"/>vailable for use<span class="_ _3"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">• <span class="_ _9f"> </span> <span class="_ _2d"/>The assets are amortised on a straight<span class="_ _2"/>-line basis over the estimated useful life<span class="_ _3"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">• <span class="_ _9f"> </span> <span class="_ _2d"/>The effect from changes in amortisation period or the r<span class="_ _3"/>esidual value is r<span class="_ _3"/>ecognised prospectiv<span class="_ _2"/>ely <span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">as a change in the accounting estimate<span class="_ _3"/>.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Goodwill</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">At initial r<span class="_ _2"/>ecognition goodwill is recognised in the balance sheet at cost, as described in note 5<span class="_ _2"/>.5 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">‘Business-combinations’<span class="_ _26"/>. Subsequently<span class="_ _2"/>, goodwill is measured at cost less accumula<span class="_ _2"/>ted impairment </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">losses. Goodwill is not amortised. An impairment test is performed at least once a y<span class="_ _3"/>ear together with </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">other non-current assets of the Gr<span class="_ _2"/>oup. The book value of goodwill is allocated to the Gr<span class="_ _3"/>oup’<span class="_ _3"/>s cash-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">genera<span class="_ _3"/>ting units at the time of acquisition.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">3<span class="_ _3"/>.1.2 <span class="_ _9e"> </span>Non-current tangible assets</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:368.873046875px;"><span style="position: absolute; display: inline-block; left: 0px; top: 0.0097656px; width: 520.465px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 52.6699px; display: inline-block;">DKK million</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 178.676px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.6386px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.6386px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.0547px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 24.8379px; display: inline-block;">2023</span></span></span><span style="position: absolute; display: inline-block; left: 430.797px; top: 19.9609px; width: 34.1543px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 34.1543px; display: inline-block;">Assets </span></span><span style="position: absolute; display: inline-block; left: 412.797px; top: 33.4609px; width: 50.8184px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 50.8184px; display: inline-block;">under con-</span></span><span style="position: absolute; display: inline-block; left: 317.047px; top: 46.9297px; width: 34.4297px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 34.459px; display: inline-block;">Ferries </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 376.062px; top: 46.9453px; width: 30.2695px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 30.2695px; display: inline-block;">Equip-</span></span><span style="position: absolute; display: inline-block; left: 420.234px; top: 46.9609px; width: 44.666px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 44.666px; display: inline-block;">struction </span></span><span style="position: absolute; display: inline-block; left: 190.688px; top: 60.4297px; width: 46.2949px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 46.2949px; display: inline-block;">Land and </span></span><span style="position: absolute; display: inline-block; left: 303.344px; top: 60.4453px; width: 47.8359px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 47.8359px; display: inline-block;">and other </span></span><span style="position: absolute; display: inline-block; left: 381.203px; top: 60.4453px; width: 26.4668px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 26.4668px; display: inline-block;">ment </span></span><span style="position: absolute; display: inline-block; left: 422.812px; top: 60.4609px; width: 40.0371px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 40.0371px; display: inline-block;">and pre-</span></span><span style="position: absolute; display: inline-block; left: 191.734px; top: 73.9297px; width: 100.289px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 43.4297px; display: inline-block;">buildings</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 10.0781px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 41.6074px; display: inline-block;">erminals</span></span><span style="position: absolute; display: inline-block; left: 324.734px; top: 73.9453px; width: 24.7793px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 24.7793px; display: inline-block;">ships</span></span><span style="position: absolute; display: inline-block; left: 388.219px; top: 73.9453px; width: 18.0586px; white-space: pre; word-spacing: 0.08775px; letter-spacing: -0.08775px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 18.0586px; display: inline-block;">etc.</span></span><span style="position: absolute; display: inline-block; left: 415.219px; top: 73.9766px; width: 80.7539px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 47.707px; display: inline-block;">payments</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 33.0469px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="position: absolute; display: inline-block; left: 495.973px; top: 73.9766px; width: 22.998px; white-space: pre; word-spacing: 0.2925px; letter-spacing: -0.2925px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.74805px; display: inline-block;">T</span><span style="word-spacing: 0.2925px; letter-spacing: -0.2925px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.1172px; display: inline-block;">otal</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 95.9629px; width: 519.041px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 108.463px; display: inline-block;">Cost at 1 January 2023</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 109.605px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 17.1797px; display: inline-block;">616</span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; width: 31.2832px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 26.2324px; display: inline-block;">1,395</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 24.6738px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 32.4023px; display: inline-block;">22,372</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.9414px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.96484px; display: inline-block;">3,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.2344px; display: inline-block;">020</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.748px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 18.3926px; display: inline-block;">369</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 27.2109px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 1.17px; letter-spacing: -1.17px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 4.70508px; display: inline-block;">2</span><span style="word-spacing: 1.17px; letter-spacing: -1.17px; display: inline-block; margin-left: 0px; width: 1.38867px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 11.0508px; display: inline-block;">7,7</span><span style="word-spacing: 1.17px; letter-spacing: -1.17px; display: inline-block; margin-left: 0px; width: 1.38867px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="width: 4.66406px; display: inline-block;">7</span><span style="word-spacing: 1.17px; letter-spacing: -1.17px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 4.00195px; display: inline-block;">1</span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 111.182px; width: 520.195px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 43.002px; display: inline-block;">Foreign e</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 101.344px; display: inline-block;">xchange adjustments</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 85.8926px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 5.83594px; display: inline-block;">7</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.07617px; display: inline-block;">8</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.0529px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 11.7422px; display: inline-block;">22</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.9042px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 9.36328px; display: inline-block;">17</span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; width: 52.5877px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 5.16797px; display: inline-block;">1</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.0529px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 11.9355px; display: inline-block;">54</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 126.4px; width: 520.418px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 172.576px; display: inline-block;">Addition on acquisition of enterprises</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.6154px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 17.2793px; display: inline-block;">150</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.4727px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.873px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.08775px; letter-spacing: -0.08775px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 17.0449px; display: inline-block;">318</span><span style="word-spacing: 0.08775px; letter-spacing: -0.08775px; display: inline-block; margin-left: 0px; width: 45.6154px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="width: 11.0684px; display: inline-block;">18</span><span style="word-spacing: 0.08775px; letter-spacing: -0.08775px; display: inline-block; margin-left: 0px; width: 39.1699px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 18.2344px; display: inline-block;">486</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 141.619px; width: 519.809px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 44.0332px; display: inline-block;">Additions</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 181.19px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 10.3359px; display: inline-block;">11</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.6154px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 11.2324px; display: inline-block;">31</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.996px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 11.0391px; display: inline-block;">21</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.748px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 18.1172px; display: inline-block;">203</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 30.6621px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 26.4844px; display: inline-block;">1,309</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.9102px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.41925px; letter-spacing: -0.41925px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 4.75195px; display: inline-block;">1</span><span style="word-spacing: 0.41925px; letter-spacing: -0.41925px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 7.98633px; display: inline-block;">,5</span><span style="word-spacing: 0.41925px; letter-spacing: -0.41925px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 10.9219px; display: inline-block;">75</span></span></span><span style="position: absolute; display: inline-block; left: 347.109px; top: 158.646px; width: 3.28125px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 5.68425px; font-family: ffa; -webkit-text-stroke-width: 0.0852637px;"><span style="width: 3.28125px; display: inline-block;">1</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 156.838px; width: 346.148px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 45.7031px; display: inline-block;">Disposals</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 183.727px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.9042px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 9.61523px; display: inline-block;">-3</span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; width: 23.4727px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 11.8125px; display: inline-block;">-1,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.5996px; display: inline-block;">631 </span></span><span style="position: absolute; display: inline-block; left: 386.766px; top: 156.775px; width: 133.418px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 3.74414px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 16.207px; display: inline-block;">211</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.9784px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 7.64648px; display: inline-block;">-1</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.23828px; display: inline-block;">2</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 29.3027px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 3.74414px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 25.8984px; display: inline-block;">1,857</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 171.994px; width: 519.926px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.95898px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 38.4258px; display: inline-block;">ransfers</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 180.316px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 11.8125px; display: inline-block;">79</span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; width: 45.6154px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 11.7422px; display: inline-block;">22</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.748px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 17.877px; display: inline-block;">852</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.1699px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 18.1172px; display: inline-block;">298</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 27.2109px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 30.0059px; display: inline-block;">-1,269</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 7.64648px; display: inline-block;">-1</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.44336px; display: inline-block;">8</span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 192.773px; width: 520.799px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 126.773px; display: inline-block;">Cost at 31 December 2023</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 90.1582px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 18.75px; display: inline-block;">862</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.9414px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 27.2344px; display: inline-block;">1,453</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 23.4727px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 14.5781px; display: inline-block;">21,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.0371px; display: inline-block;">636</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.3027px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 28.0723px; display: inline-block;">3,645</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.748px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 17.9648px; display: inline-block;">415</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 23.8828px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 33.3457px; display: inline-block;">28,012</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 214.76px; width: 170.508px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 42.9141px; display: inline-block;">Deprecia</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 128.057px; display: inline-block;">tion and impairment losses </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 228.26px; width: 520.723px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 84.2344px; display: inline-block;">at 1 January 2023</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 139.734px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.24375px; letter-spacing: -0.24375px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 11.2734px; display: inline-block;">57</span><span style="word-spacing: 0.24375px; letter-spacing: -0.24375px; display: inline-block; margin-left: 0px; width: 39.1699px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 18.0293px; display: inline-block;">559</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.2832px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.17578px; display: inline-block;">9</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.291px; display: inline-block;">,186</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.2832px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 26.1211px; display: inline-block;">1,420</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.4727px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 26.4961px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 30.8438px; display: inline-block;">11,222</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 243.479px; width: 520.342px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 43.002px; display: inline-block;">Foreign e</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 101.344px; display: inline-block;">xchange adjustments</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 86.7304px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 5.16797px; display: inline-block;">1</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 5.92969px; display: inline-block;">5</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 5.92969px; display: inline-block;">5</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.17578px; display: inline-block;">9</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.4727px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.6154px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 11.3438px; display: inline-block;">19</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 258.697px; width: 520.4px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 42.9141px; display: inline-block;">Deprecia</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 53.1973px; display: inline-block;">tion charge</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 128.045px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.0234px; display: inline-block;">26</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.6482px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 11.9883px; display: inline-block;">67</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 30.6621px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 26.584px; display: inline-block;">1,060</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.748px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 17.9414px; display: inline-block;">432</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.2832px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.06836px; display: inline-block;">1,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 17.9355px; display: inline-block;">585</span></span><span style="position: absolute; display: inline-block; left: 344.531px; top: 275.771px; width: 4.43555px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 5.68425px; font-family: ffa; -webkit-text-stroke-width: 0.0852637px;"><span style="display: inline-block;"> 1</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 273.916px; width: 345.176px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 45.7031px; display: inline-block;">Disposals</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 183.727px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.498px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 7.64648px; display: inline-block;">-1</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 32.291px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 21.1289px; display: inline-block;">-361</span></span><span style="position: absolute; display: inline-block; left: 386.766px; top: 273.9px; width: 133.875px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 3.74414px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 16.9688px; display: inline-block;">152</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.8946px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 20.8477px; display: inline-block;">-514</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 289.119px; width: 519.475px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.95898px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 38.4258px; display: inline-block;">ransfers</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 180.316px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.0527px; display: inline-block;">20</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 15.6738px; display: inline-block;">-36</span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; width: 46.9042px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="width: 9.61523px; display: inline-block;">-3</span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; width: 51.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.5741px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 7.64648px; display: inline-block;">-1</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.44336px; display: inline-block;">8</span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 309.883px; width: 143.033px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 135.545px; display: inline-block;">Depreciation and impairmen</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 7.95117px; display: inline-block;">t </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 323.398px; width: 520.295px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 134.455px; display: inline-block;">losses at 31 December 2023</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 83.2793px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.06825px; letter-spacing: -0.06825px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 18.0293px; display: inline-block;">104</span><span style="word-spacing: 0.06825px; letter-spacing: -0.06825px; display: inline-block; margin-left: 0px; width: 37.5469px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span></span><span style="width: 19.0547px; display: inline-block;">630</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.9414px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.38086px; display: inline-block;">9</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 21.7148px; display: inline-block;">,854</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 30.6621px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.50781px; display: inline-block;">1,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.7793px; display: inline-block;">706</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.4727px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.38672px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 23.4727px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 33.3457px; display: inline-block;">12,294</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 344.133px; width: 97.1719px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 97.1719px; display: inline-block;">Carrying amount at </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 357.633px; width: 519.17px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 89.9941px; display: inline-block;">31 December 2023</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 127.096px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.32175px; letter-spacing: -0.32175px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 11.4961px; display: inline-block;">75</span><span style="word-spacing: 0.32175px; letter-spacing: -0.32175px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 6.05859px; display: inline-block;">9</span><span style="word-spacing: 0.32175px; letter-spacing: -0.32175px; display: inline-block; margin-left: 0px; width: 38.748px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span></span><span style="width: 18.6855px; display: inline-block;">823</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 25.8516px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 14.0332px; display: inline-block;">11,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.4102px; display: inline-block;">782</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.3027px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 27.5566px; display: inline-block;">1,939</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.1699px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 17.9648px; display: inline-block;">415</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 26.4961px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.9945px; letter-spacing: -0.9945px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 4.53516px; display: inline-block;">1</span><span style="word-spacing: 0.9945px; letter-spacing: -0.9945px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.12109px; display: inline-block;">5</span><span style="word-spacing: 0.9945px; letter-spacing: -0.9945px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 7.01367px; display: inline-block;">,7</span><span style="word-spacing: 0.9945px; letter-spacing: -0.9945px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 9.56836px; display: inline-block;">17</span></span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:368.873046875px;"><span style="position: absolute; display: inline-block; left: 0px; top: 0.0097656px; width: 520.406px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 52.6699px; display: inline-block;">DKK million</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 178.676px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.6386px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.6386px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.0391px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="width: 23.7949px; display: inline-block;">2022</span></span><span style="position: absolute; display: inline-block; left: 431.594px; top: 19.9453px; width: 34.1543px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 34.1543px; display: inline-block;">Assets </span></span><span style="position: absolute; display: inline-block; left: 412.578px; top: 33.4609px; width: 50.8184px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 50.8184px; display: inline-block;">under con-</span></span><span style="position: absolute; display: inline-block; left: 316.266px; top: 46.9297px; width: 34.4297px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 34.459px; display: inline-block;">Ferries </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 375.766px; top: 46.9453px; width: 30.2695px; white-space: pre; word-spacing: -2.05725px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 30.2695px; display: inline-block;">Equip -</span></span><span style="position: absolute; display: inline-block; left: 421.406px; top: 46.9609px; width: 44.666px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 44.666px; display: inline-block;">struction </span></span><span style="position: absolute; display: inline-block; left: 190.906px; top: 60.4297px; width: 46.2949px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 46.2949px; display: inline-block;">Land and </span></span><span style="position: absolute; display: inline-block; left: 302.938px; top: 60.4297px; width: 47.8359px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 47.8359px; display: inline-block;">and other </span></span><span style="position: absolute; display: inline-block; left: 382.141px; top: 60.4453px; width: 26.4668px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 26.4668px; display: inline-block;">ment </span></span><span style="position: absolute; display: inline-block; left: 423.016px; top: 60.4609px; width: 40.0371px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 40.0371px; display: inline-block;">and pre-</span></span><span style="position: absolute; display: inline-block; left: 190.906px; top: 73.9297px; width: 100.289px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 43.4297px; display: inline-block;">buildings</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 10.0781px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 41.6074px; display: inline-block;">erminals</span></span><span style="position: absolute; display: inline-block; left: 324.328px; top: 73.9297px; width: 24.7793px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 24.7793px; display: inline-block;">ships</span></span><span style="position: absolute; display: inline-block; left: 387.781px; top: 73.9453px; width: 18.0586px; white-space: pre; word-spacing: 0.08775px; letter-spacing: -0.08775px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 18.0586px; display: inline-block;">etc.</span></span><span style="position: absolute; display: inline-block; left: 416.641px; top: 73.9609px; width: 80.7539px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 47.707px; display: inline-block;">payments</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 33.0469px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="position: absolute; display: inline-block; left: 497.395px; top: 73.9609px; width: 22.998px; white-space: pre; word-spacing: 0.2925px; letter-spacing: -0.2925px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.74805px; display: inline-block;">T</span><span style="word-spacing: 0.2925px; letter-spacing: -0.2925px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.1172px; display: inline-block;">otal</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 95.9473px; width: 522.516px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 108.27px; display: inline-block;">Cost at 1 January 2022</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 105.064px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 482 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 23.8828px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 1,230 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 23.4727px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.0527px; display: inline-block;">20</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 22.2246px; display: inline-block;">,218 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 23.8828px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 2,486 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 23.8828px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 1,368 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 23.4727px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 14.6953px; display: inline-block;">25,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.62px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.0508px; display: inline-block;">785 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 111.166px; width: 221.689px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 43.002px; display: inline-block;">Foreign e</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 101.344px; display: inline-block;">xchange adjustments</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.2108px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="position: absolute; display: inline-block; left: 221.689px; top: 111.166px; width: 164.344px; white-space: pre; word-spacing: 0.63375px; letter-spacing: -0.63375px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 13.0195px; display: inline-block;">-14</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 40.4062px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="width: 7.64648px; display: inline-block;">-1</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.51953px; display: inline-block;">6</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 33.5449px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="word-spacing: 0.65325px; letter-spacing: -0.65325px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span>-1</span><span style="word-spacing: 0.65325px; letter-spacing: -0.65325px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 10.5352px; display: inline-block;">47</span><span style="word-spacing: 0.65325px; letter-spacing: -0.65325px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span><span style="word-spacing: 0.65325px; letter-spacing: -0.65325px; display: inline-block; margin-left: 0px; width: 34.6641px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span></span><span style="position: absolute; display: inline-block; left: 386.033px; top: 111.166px; width: 136.324px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> -33 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.7636px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span>-2</span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; width: 31.2832px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.4219px; display: inline-block;">211 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 126.385px; width: 522.521px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 172.576px; display: inline-block;">Addition on acquisition of enterprises</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.7188px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.2793px; display: inline-block;">3 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.498px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.498px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.195px; letter-spacing: -0.195px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span>24 </span><span style="word-spacing: 0.195px; letter-spacing: -0.195px; display: inline-block; margin-left: 0px; width: 48.9315px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.4062px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 28 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 141.619px; width: 522.568px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 44.0332px; display: inline-block;">Additions</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 178.184px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 71 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.4062px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 49 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 33.0469px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 313 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.9102px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 340 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 25.8516px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 2,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 11.3496px; display: inline-block;">01</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 8.04492px; display: inline-block;">7 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 24.2754px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 2,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.4023px; display: inline-block;">790 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 156.838px; width: 522.445px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 45.7031px; display: inline-block;">Disposals</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 174.434px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 12.5508px; display: inline-block;">11 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.996px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 33.0469px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 23.959px; display: inline-block;">-453 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 32.291px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.7168px; display: inline-block;">160 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 4.42969px; display: inline-block;"> </span>-1</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 32.6719px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 23.9121px; display: inline-block;">-625 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 172.057px; width: 348.949px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.95898px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 38.4258px; display: inline-block;">ransfers</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 178.184px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 85 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 33.0469px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 132 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 25.2304px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 2,440</span></span><span style="position: absolute; display: inline-block; left: 383.359px; top: 171.994px; width: 138.639px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> 363 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 23.4727px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -3</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 14.25px; display: inline-block;">,01</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 8.2207px; display: inline-block;">4 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.9315px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.14453px; display: inline-block;">5 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 192.758px; width: 522.445px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 126.551px; display: inline-block;">Cost at 31 December 2022</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 86.7304px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 616 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 23.4727px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 1,395 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 21.8203px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 21.4219px; display: inline-block;">22,3</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 14.1621px; display: inline-block;">72 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 22.998px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 3,020 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 33.5449px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 369 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 23.8828px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 1.1505px; letter-spacing: -1.1505px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 4.92773px; display: inline-block;">2</span><span style="word-spacing: 1.1505px; letter-spacing: -1.1505px; display: inline-block; margin-left: 0px; width: 1.38867px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span><span style="width: 11.5781px; display: inline-block;">7,7</span><span style="word-spacing: 1.1505px; letter-spacing: -1.1505px; display: inline-block; margin-left: 0px; width: 1.38867px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span><span style="width: 4.88086px; display: inline-block;">7</span><span style="word-spacing: 1.1505px; letter-spacing: -1.1505px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 4.38281px; display: inline-block;">1</span><span style="word-spacing: 1.1505px; letter-spacing: -1.1505px; display: inline-block; margin-left: 0px; width: 1.38867px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 214.744px; width: 170.508px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 42.9141px; display: inline-block;">Deprecia</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 128.057px; display: inline-block;">tion and impairment losses </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 228.244px; width: 522.656px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 84.041px; display: inline-block;">at 1 January 2022</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 137.455px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 55 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 33.0469px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 512 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 25.2304px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 8</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 2.90039px; display: inline-block;">,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.3789px; display: inline-block;">760 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.9414px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 19.4062px; display: inline-block;">1,19</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 8.04492px; display: inline-block;">7 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.498px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 23.8828px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 11.3496px; display: inline-block;">10</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 2.90039px; display: inline-block;">,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.8809px; display: inline-block;">522 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 243.463px; width: 522.316px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 43.002px; display: inline-block;">Foreign e</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 101.344px; display: inline-block;">xchange adjustments</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 80.8301px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span>-2</span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; width: 38.748px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 12.5508px; display: inline-block;">11 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.6641px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -87 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.5489px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 12.2871px; display: inline-block;">-17</span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; width: 48.498px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.9102px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 10.3359px; display: inline-block;">11</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 8.04492px; display: inline-block;">7 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 258.682px; width: 522.832px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 42.9141px; display: inline-block;">Deprecia</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 53.1973px; display: inline-block;">tion charge</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 126.691px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 15 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.4062px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 59 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 32.291px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 927 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 32.291px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 328 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.498px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 24.6738px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 1,328 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 273.9px; width: 522.586px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 45.7031px; display: inline-block;">Disposals</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 174.434px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 12.5508px; display: inline-block;">11 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.996px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.9102px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -413 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.0547px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -90 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.498px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.9102px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -514 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 289.119px; width: 522.422px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.95898px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 38.4258px; display: inline-block;">ransfers</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 183.727px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.9315px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.498px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.3125px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 7.38281px; display: inline-block;">1 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.9315px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.3125px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 7.38281px; display: inline-block;">1 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 309.898px; width: 143.033px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 135.545px; display: inline-block;">Depreciation and impairmen</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 7.95117px; display: inline-block;">t </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 323.398px; width: 522.809px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 134.232px; display: inline-block;">losses at 31 December 2022</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 89.4259px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.32175px; letter-spacing: -0.32175px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 11.4961px; display: inline-block;">57</span><span style="word-spacing: 0.32175px; letter-spacing: -0.32175px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span><span style="word-spacing: 0.32175px; letter-spacing: -0.32175px; display: inline-block; margin-left: 0px; width: 34.0547px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> 559 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 23.8828px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 9,1</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 14.7363px; display: inline-block;">86 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 23.4727px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 1,420 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.244px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 21.1641px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 11,222 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 344.133px; width: 97.1719px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 97.1719px; display: inline-block;">Carrying amount at </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 357.633px; width: 353.496px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 89.7715px; display: inline-block;">31 December 2022</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 124.998px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 559 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.0547px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 836 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 25.8516px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 33.0059px; display: inline-block;">13,186</span></span><span style="position: absolute; display: inline-block; left: 374.688px; top: 357.633px; width: 147.211px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> 1,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 21.1992px; display: inline-block;">600 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 33.5449px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 369 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 22.2773px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 14.8711px; display: inline-block;">16,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.8652px; display: inline-block;">549 </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Significant accounting estimates<span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Assessment of useful life and residual v<span class="_ _3"/>alues </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Estimation of useful lives is based on e<span class="_ _2"/>xperience. When there is an indication of a change in an asset’<span class="_ _3"/>s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">useful life, Management r<span class="_ _2"/>evises the estimates for individual assets or gr<span class="_ _2"/>oups of assets with similar </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">charac<span class="_ _3"/>teristics due to fact<span class="_ _3"/>ors such as quality of maintenance and repair<span class="_ _24e"/>, technical development, or </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">environmen<span class="_ _3"/>tal requir<span class="_ _3"/>ements. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Management has also consider<span class="_ _3"/>ed the impact of decarbonisation and clima<span class="_ _3"/>te-related risk<span class="_ _3"/>s on useful </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">lives of e<span class="_ _3"/>xisting assets. Such risks include ne<span class="_ _3"/>w climate-rela<span class="_ _3"/>ted legislation r<span class="_ _3"/>estricting the use of certain </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">assets, new technology demanded b<span class="_ _3"/>y climate-rela<span class="_ _3"/>ted legislation, and the incr<span class="_ _3"/>ease in restor<span class="_ _2"/>ation costs </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">for terminal sites due to change in legisla<span class="_ _3"/>tion. Residual values of ferries ar<span class="_ _2"/>e estimated based on steel </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">prices.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">1 <span class="_ _3a"> </span>Primarily r<span class="_ _2"/>elated to sale and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">lease back: Hollandia Sea<span class="ls0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">wa<span class="_ _3"/>ys, Humbria Seawa<span class="_ _2"/>ys, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Flandria Seaw<span class="_ _3"/>ays</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2 <span class="_ _3b"> </span>Primarily r<span class="_ _3"/>elates to deliv<span class="_ _3"/>ery </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of two new v<span class="_ _2"/>essels.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> Accounting <span class="_ _4c"> </span>policies<span class="_ _4"/><span class="ls0 ws0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Non-current tangible assets</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The following applies unless otherwise sta<span class="_ _3"/>ted:<span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">• <span class="_ _2f"> </span> <span class="_ _2b"/>Assets are measur<span class="_ _2"/>ed at cost less accumulated depr<span class="_ _3"/>eciation and impairment losses.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">• <span class="_ _2f"> </span> <span class="_ _2b"/>The cost includes costs to ext<span class="_ _3"/>ernal suppliers, materials and components, dir<span class="_ _3"/>ect wages, salaries </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and interests paid as fr<span class="_ _2"/>om the time of payment until the date when the asset is a<span class="_ _3"/>vailable for use<span class="_ _3"/>. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The cost price also comprises gains and losses on transac<span class="_ _3"/>tions designated as hedges.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">• <span class="_ _2f"> </span> <span class="_ _2b"/>The basis for deprecia<span class="_ _2"/>tion is determined as the cost less estimated residual v<span class="_ _3"/>alue.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">• <span class="_ _2f"> </span> <span class="_ _2b"/>The assets are depr<span class="_ _2"/>eciated on a straight<span class="_ _3"/>-line basis ov<span class="_ _3"/>er the estimated useful life to the estima<span class="_ _3"/>ted </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">residual v<span class="_ _3"/>alue.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">• <span class="_ _2f"> </span> <span class="_ _2b"/>Estimated useful life and estima<span class="_ _3"/>ted residual v<span class="_ _3"/>alues are r<span class="_ _2"/>eassessed at least once a year<span class="_ _24e"/>. In<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">estimating the estimat<span class="_ _3"/>ed useful life for ferries and other ships it is tak<span class="_ _2"/>en into consideration that </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS continuously is spending subst<span class="_ _3"/>antial funds on ongoing maintenance.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">• <span class="_ _2f"> </span> <span class="_ _2b"/>The effect fr<span class="_ _3"/>om changes in depreciation period or the r<span class="_ _2"/>esidual value is recognised pr<span class="_ _2"/>ospectively as </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">a change in the accounting estimate<span class="_ _3"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Ferries and other ships</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The rebuilding/<span class="_ _2"/>upgrade of ferries and other ships is capitalised if the r<span class="_ _2"/>ebuilding/upgra<span class="_ _3"/>de can be </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">attributed t<span class="_ _3"/>o:</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">• <span class="_ _43"> </span> Safety <span class="_ _fe"> </span>measures.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">• <span class="_ _2f"> </span> <span class="_ _2b"/>Measures to e<span class="_ _2"/>xtend the useful life of the ferries and other ships.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">• <span class="_ _2f"> </span> <span class="_ _2b"/>Measures to r<span class="_ _2"/>educe climate impact.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">• <span class="_ _2f"> </span> <span class="_ _2b"/>Measures to impr<span class="_ _2"/>ove earnings.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">• <span class="_ _43"> </span> Docking.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Maintenance and dail<span class="_ _3"/>y running costs for the ferries and other ships ar<span class="_ _3"/>e expensed in the income </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">statement as incurr<span class="_ _2"/>ed. Docking costs are capitalised and deprecia<span class="_ _3"/>ted on a straight<span class="_ _2"/>-line basis until the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ferries' or ships' next docking. In most cases, the docking in<span class="_ _3"/>terval is 2 years for passenger cruise f<span class="_ _3"/>erries </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and 2½ years for fr<span class="_ _2"/>eight and passenger ferries as well as freight ferries.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Gains or losses on the disposal of ferries and other ships ar<span class="_ _3"/>e calculated as the differ<span class="_ _2"/>ence between the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">sales price less sales costs and the book value a<span class="_ _3"/>t disposal date. Gains or losses on the disposal of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ferries and other ships ar<span class="_ _3"/>e recognised when contr<span class="_ _2"/>ol have transferr<span class="_ _2"/>ed to the buyer and are pr<span class="_ _3"/>esented in </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the income statement as ‘Pr<span class="_ _2"/>ofit on disposal of non-<span class="_ _4"/>current assets, net’<span class="_ _26"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> Accounting <span class="_ _4c"> </span>policies <span class="_ _fe"> </span><span class="ff3 ws0"> (continued)<span class="ff2 ls0"> </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Passenger cruise ferries and freight and passenger (ro-pax) ferries</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Due to differ<span class="_ _3"/>ences in the wear of certain components of passenger cruise ferries and r<span class="_ _3"/>o-pax ferries, the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">cost of these ferries is divided into components with lo<span class="_ _3"/>w wear<span class="_ _24e"/>, such as hull and engine, and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">components with high wear<span class="_ _24e"/>, such as parts of the hotel, catering/<span class="_ _2"/>restaur<span class="_ _3"/>ants, and shop areas.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Freight ferries (ro-ro<span class="_ _2"/>)</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The cost of freight f<span class="_ _3"/>erries is not divided into components as there is no ma<span class="_ _2"/>terial difference in the wear of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the various components of fr<span class="_ _3"/>eight ferries.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Depreciation – e<span class="_ _2"/>xpected useful life and residual value </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The deprecia<span class="_ _3"/>tion period for components with low w<span class="_ _3"/>ear is 35 years for both r<span class="_ _2"/>o<span class="_ _4"/>-pax and ro-ro f<span class="_ _3"/>erries from </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the year in which the ferry was buil<span class="_ _3"/>t. The depreciation period f<span class="_ _3"/>or passenger cruise ferries is 45 years.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The residual v<span class="_ _3"/>alue of ferries is estimated as the e<span class="_ _2"/>xpected fair value at the end of their use<span class="_ _3"/>ful lifetime.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Management has also consider<span class="_ _3"/>ed the impact of decarbonisation and clima<span class="_ _3"/>te-related risk<span class="_ _3"/>s on the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">useful lives of e<span class="_ _3"/>xisting assets. Such risks include ne<span class="_ _3"/>w climate-rela<span class="_ _3"/>ted legislation r<span class="_ _3"/>estricting the use of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">certain assets, new technology demanded b<span class="_ _3"/>y climate-rela<span class="_ _3"/>ted legislation, and the incr<span class="_ _3"/>ease in </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">restor<span class="_ _2"/>ation costs for terminal sites due to new and/<span class="_ _24e"/>or more comprehensiv<span class="_ _3"/>e policies.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Other non-current tangible assets</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Other non-current tangible assets comprise buildings, terminals and machinery<span class="_ _24e"/>, tools and equipment,<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and leasehold impro<span class="_ _3"/>vements.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The estimated useful lifetimes ar<span class="_ _3"/>e as follow<span class="_ _3"/>s:<span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">• <span class="_ _11f"> </span> Buildings <span class="_ _1c1"> </span>25-50 <span class="_ _30"> </span>years</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">• <span class="_ _9f"> </span> <span class="_ _2d"/>T<span class="_ _2"/>erminals etc. <span class="_ _22"> </span>10-40 years</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">• <span class="_ _9f"> </span> <span class="_ _2d"/>Equipment etc. <span class="_ _d"> </span>4-<span class="_ _2"/>10 years</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">• <span class="_ _9f"> </span> <span class="_ _2d"/>Leasehold improvements <span class="_ _5f"> </span>Max. depr<span class="_ _3"/>eciated ov<span class="_ _2"/>er the term of the lease<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Gains or losses arising from the disposal of other non-curr<span class="_ _3"/>ent tangible assets are calcula<span class="_ _2"/>ted as the<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">difference be<span class="_ _3"/>tween the sales price less sales costs and the book value a<span class="_ _2"/>t disposal date. Gains or losses <span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">on the disposal of these non-current assets ar<span class="_ _3"/>e recognised in the income sta<span class="_ _3"/>tement as ‘Profit on disposal of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">non-current assets, net'.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> Accounting <span class="_ _4c"> </span>policies<span class="_ _4"/><span class="ls0 ws0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Non-current tangible assets</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The following applies unless otherwise sta<span class="_ _3"/>ted:<span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">• <span class="_ _2f"> </span> <span class="_ _2b"/>Assets are measur<span class="_ _2"/>ed at cost less accumulated depr<span class="_ _3"/>eciation and impairment losses.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">• <span class="_ _2f"> </span> <span class="_ _2b"/>The cost includes costs to ext<span class="_ _3"/>ernal suppliers, materials and components, dir<span class="_ _3"/>ect wages, salaries </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and interests paid as fr<span class="_ _2"/>om the time of payment until the date when the asset is a<span class="_ _3"/>vailable for use<span class="_ _3"/>. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The cost price also comprises gains and losses on transac<span class="_ _3"/>tions designated as hedges.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">• <span class="_ _2f"> </span> <span class="_ _2b"/>The basis for deprecia<span class="_ _2"/>tion is determined as the cost less estimated residual v<span class="_ _3"/>alue.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">• <span class="_ _2f"> </span> <span class="_ _2b"/>The assets are depr<span class="_ _2"/>eciated on a straight<span class="_ _3"/>-line basis ov<span class="_ _3"/>er the estimated useful life to the estima<span class="_ _3"/>ted </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">residual v<span class="_ _3"/>alue.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">• <span class="_ _2f"> </span> <span class="_ _2b"/>Estimated useful life and estima<span class="_ _3"/>ted residual v<span class="_ _3"/>alues are r<span class="_ _2"/>eassessed at least once a year<span class="_ _24e"/>. In<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">estimating the estimat<span class="_ _3"/>ed useful life for ferries and other ships it is tak<span class="_ _2"/>en into consideration that </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS continuously is spending subst<span class="_ _3"/>antial funds on ongoing maintenance.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">• <span class="_ _2f"> </span> <span class="_ _2b"/>The effect fr<span class="_ _3"/>om changes in depreciation period or the r<span class="_ _2"/>esidual value is recognised pr<span class="_ _2"/>ospectively as </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">a change in the accounting estimate<span class="_ _3"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Ferries and other ships</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The rebuilding/<span class="_ _2"/>upgrade of ferries and other ships is capitalised if the r<span class="_ _2"/>ebuilding/upgra<span class="_ _3"/>de can be </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">attributed t<span class="_ _3"/>o:</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">• <span class="_ _43"> </span> Safety <span class="_ _fe"> </span>measures.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">• <span class="_ _2f"> </span> <span class="_ _2b"/>Measures to e<span class="_ _2"/>xtend the useful life of the ferries and other ships.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">• <span class="_ _2f"> </span> <span class="_ _2b"/>Measures to r<span class="_ _2"/>educe climate impact.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">• <span class="_ _2f"> </span> <span class="_ _2b"/>Measures to impr<span class="_ _2"/>ove earnings.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">• <span class="_ _43"> </span> Docking.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Maintenance and dail<span class="_ _3"/>y running costs for the ferries and other ships ar<span class="_ _3"/>e expensed in the income </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">statement as incurr<span class="_ _2"/>ed. Docking costs are capitalised and deprecia<span class="_ _3"/>ted on a straight<span class="_ _2"/>-line basis until the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ferries' or ships' next docking. In most cases, the docking in<span class="_ _3"/>terval is 2 years for passenger cruise f<span class="_ _3"/>erries </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and 2½ years for fr<span class="_ _2"/>eight and passenger ferries as well as freight ferries.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Gains or losses on the disposal of ferries and other ships ar<span class="_ _3"/>e calculated as the differ<span class="_ _2"/>ence between the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">sales price less sales costs and the book value a<span class="_ _3"/>t disposal date. Gains or losses on the disposal of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ferries and other ships ar<span class="_ _3"/>e recognised when contr<span class="_ _2"/>ol have transferr<span class="_ _2"/>ed to the buyer and are pr<span class="_ _3"/>esented in </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the income statement as ‘Pr<span class="_ _2"/>ofit on disposal of non-<span class="_ _4"/>current assets, net’<span class="_ _26"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> Accounting <span class="_ _4c"> </span>policies <span class="_ _fe"> </span><span class="ff3 ws0"> (continued)<span class="ff2 ls0"> </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Passenger cruise ferries and freight and passenger (ro-pax) ferries</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Due to differ<span class="_ _3"/>ences in the wear of certain components of passenger cruise ferries and r<span class="_ _3"/>o-pax ferries, the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">cost of these ferries is divided into components with lo<span class="_ _3"/>w wear<span class="_ _24e"/>, such as hull and engine, and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">components with high wear<span class="_ _24e"/>, such as parts of the hotel, catering/<span class="_ _2"/>restaur<span class="_ _3"/>ants, and shop areas.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Freight ferries (ro-ro<span class="_ _2"/>)</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The cost of freight f<span class="_ _3"/>erries is not divided into components as there is no ma<span class="_ _2"/>terial difference in the wear of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the various components of fr<span class="_ _3"/>eight ferries.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Depreciation – e<span class="_ _2"/>xpected useful life and residual value </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The deprecia<span class="_ _3"/>tion period for components with low w<span class="_ _3"/>ear is 35 years for both r<span class="_ _2"/>o<span class="_ _4"/>-pax and ro-ro f<span class="_ _3"/>erries from </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the year in which the ferry was buil<span class="_ _3"/>t. The depreciation period f<span class="_ _3"/>or passenger cruise ferries is 45 years.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The residual v<span class="_ _3"/>alue of ferries is estimated as the e<span class="_ _2"/>xpected fair value at the end of their use<span class="_ _3"/>ful lifetime.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Management has also consider<span class="_ _3"/>ed the impact of decarbonisation and clima<span class="_ _3"/>te-related risk<span class="_ _3"/>s on the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">useful lives of e<span class="_ _3"/>xisting assets. Such risks include ne<span class="_ _3"/>w climate-rela<span class="_ _3"/>ted legislation r<span class="_ _3"/>estricting the use of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">certain assets, new technology demanded b<span class="_ _3"/>y climate-rela<span class="_ _3"/>ted legislation, and the incr<span class="_ _3"/>ease in </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">restor<span class="_ _2"/>ation costs for terminal sites due to new and/<span class="_ _24e"/>or more comprehensiv<span class="_ _3"/>e policies.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Other non-current tangible assets</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Other non-current tangible assets comprise buildings, terminals and machinery<span class="_ _24e"/>, tools and equipment,<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and leasehold impro<span class="_ _3"/>vements.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The estimated useful lifetimes ar<span class="_ _3"/>e as follow<span class="_ _3"/>s:<span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">• <span class="_ _11f"> </span> Buildings <span class="_ _1c1"> </span>25-50 <span class="_ _30"> </span>years</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">• <span class="_ _9f"> </span> <span class="_ _2d"/>T<span class="_ _2"/>erminals etc. <span class="_ _22"> </span>10-40 years</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">• <span class="_ _9f"> </span> <span class="_ _2d"/>Equipment etc. <span class="_ _d"> </span>4-<span class="_ _2"/>10 years</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">• <span class="_ _9f"> </span> <span class="_ _2d"/>Leasehold improvements <span class="_ _5f"> </span>Max. depr<span class="_ _3"/>eciated ov<span class="_ _2"/>er the term of the lease<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Gains or losses arising from the disposal of other non-curr<span class="_ _3"/>ent tangible assets are calcula<span class="_ _2"/>ted as the<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">difference be<span class="_ _3"/>tween the sales price less sales costs and the book value a<span class="_ _2"/>t disposal date. Gains or losses <span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">on the disposal of these non-current assets ar<span class="_ _3"/>e recognised in the income sta<span class="_ _3"/>tement as ‘Profit on disposal of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">non-current assets, net'.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">3<span class="_ _3"/>.1.3 <span class="_ _9e"> </span>Right<span class="_ _2"/>-<span class="_ _4"/>of-use assets and l<span class="_ _3"/>ease liabilities</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Group has lease contr<span class="_ _2"/>acts for various items of land &amp; buildings, terminals, ferries, equipment e<span class="_ _3"/>tc. in its </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">opera<span class="_ _3"/>tions. The Group’<span class="_ _2"/>s obligations under the leases are secur<span class="_ _3"/>ed by the lessors' title to the leased assets. Se<span class="_ _3"/>veral </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">lease contra<span class="_ _3"/>cts include extension and t<span class="_ _3"/>ermination options, options ar<span class="_ _3"/>e negotiated b<span class="_ _3"/>y Management to pr<span class="_ _3"/>ovide </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">flexibility in managing the asse<span class="_ _3"/>t portfolio. Some lease contr<span class="_ _3"/>acts include v<span class="_ _3"/>ariable lease payments, which ar<span class="_ _3"/>e further </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">described below<span class="_ _2"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Set out below ar<span class="_ _2"/>e the carr<span class="_ _4"/>ying amounts of right-of<span class="_ _3"/>-use assets recognised and the mo<span class="_ _3"/>vements during the period.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:334.341796875px;"><span style="position: absolute; display: inline-block; left: 0px; top: 0.0097656px; width: 519.592px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 52.6699px; display: inline-block;">DKK million</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 442.084px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 24.8379px; display: inline-block;">2023</span></span></span><span style="position: absolute; display: inline-block; left: 203.219px; top: 19.9297px; width: 46.2949px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 46.2949px; display: inline-block;">Land and </span></span><span style="position: absolute; display: inline-block; left: 331.125px; top: 19.9297px; width: 55.002px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 55.002px; display: inline-block;">Ferries and </span></span><span style="position: absolute; display: inline-block; left: 400.422px; top: 19.9297px; width: 53.0215px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 53.0215px; display: inline-block;">Equipment </span></span><span style="position: absolute; display: inline-block; left: 203.219px; top: 33.4297px; width: 111.375px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 43.4297px; display: inline-block;">buildings</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 21.1641px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 41.6074px; display: inline-block;">erminals</span></span><span style="position: absolute; display: inline-block; left: 331.125px; top: 33.4297px; width: 52.0664px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 52.0664px; display: inline-block;">other ships</span></span><span style="position: absolute; display: inline-block; left: 432.812px; top: 33.4297px; width: 61.8223px; white-space: pre; word-spacing: 0.08775px; letter-spacing: -0.08775px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 18.0586px; display: inline-block;">etc.</span><span style="word-spacing: 0.08775px; letter-spacing: -0.08775px; display: inline-block; margin-left: 0px; width: 43.7636px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span></span><span style="position: absolute; display: inline-block; left: 494.635px; top: 33.4297px; width: 24.4629px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.2891px; display: inline-block;">otal</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 55.416px; width: 519.557px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 108.463px; display: inline-block;">Cost at 1 January 2023</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 121.734px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 17.2676px; display: inline-block;">951</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.5741px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.76562px; display: inline-block;">2,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 17.209px; display: inline-block;">921</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.9784px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 25.4824px; display: inline-block;">1,891</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.32175px; letter-spacing: -0.32175px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 16.6289px; display: inline-block;">757</span><span style="word-spacing: 0.32175px; letter-spacing: -0.32175px; display: inline-block; margin-left: 0px; width: 42.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 6.15234px; display: inline-block;">6</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 2.90039px; display: inline-block;">,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 17.9824px; display: inline-block;">520</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 73.6035px; width: 519.58px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 43.002px; display: inline-block;">Foreign e</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 101.344px; display: inline-block;">xchange adjustments</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 92.6483px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 11.1562px; display: inline-block;">10</span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; width: 56.0977px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 12.0469px; display: inline-block;">29</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.8594px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 1.29675px; letter-spacing: -1.29675px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.98438px; display: inline-block;">-7</span><span style="word-spacing: 1.29675px; letter-spacing: -1.29675px; display: inline-block; margin-left: 0px; width: 63.1406px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 5.92969px; display: inline-block;">5</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0977px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.1406px; display: inline-block;">38</span></span><span style="position: absolute; display: inline-block; left: 245.953px; top: 93.6777px; width: 5.5957px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 5.68425px; font-family: ffa; -webkit-text-stroke-width: 0.0852637px;"><span style="display: inline-block;"> 1 </span></span><span style="position: absolute; display: inline-block; left: 450.578px; top: 93.6777px; width: 5.5957px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 5.68425px; font-family: ffa; -webkit-text-stroke-width: 0.0852637px;"><span style="display: inline-block;"> 1 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 91.8066px; width: 246.141px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 172.576px; display: inline-block;">Addition on acquisition of enterprises</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.1875px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.77025px; letter-spacing: -0.77025px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.10352px; display: inline-block;">2</span><span style="word-spacing: 0.77025px; letter-spacing: -0.77025px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 10.3008px; display: inline-block;">74</span></span></span><span style="position: absolute; display: inline-block; left: 308.656px; top: 91.8066px; width: 142.037px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6406px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0977px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 11.9355px; display: inline-block;">54</span></span><span style="position: absolute; display: inline-block; left: 502.734px; top: 91.8066px; width: 17.5312px; white-space: pre; word-spacing: 0.078px; letter-spacing: -0.078px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 17.5312px; display: inline-block;">327</span></span><span style="position: absolute; display: inline-block; left: 383.5px; top: 108.896px; width: 5.89453px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 5.68425px; font-family: ffa; -webkit-text-stroke-width: 0.0852637px;"><span style="display: inline-block;"> 2 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 107.025px; width: 382.342px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 96.1699px; display: inline-block;">Additions/Remeasur</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 29.8477px; display: inline-block;">ement</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 103.863px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.77734px; display: inline-block;">2</span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 11.8125px; display: inline-block;">79</span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; width: 50.0332px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 18.0527px; display: inline-block;">294</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.06836px; display: inline-block;">1,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.5156px; display: inline-block;">006</span></span><span style="position: absolute; display: inline-block; left: 432.812px; top: 107.01px; width: 86.1328px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 18.0117px; display: inline-block;">328</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.5489px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 26.5723px; display: inline-block;">1,906</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 122.229px; width: 233.291px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 45.7031px; display: inline-block;">Disposals</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 187.588px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="position: absolute; display: inline-block; left: 233.291px; top: 122.229px; width: 264.041px; white-space: pre; word-spacing: 0.63375px; letter-spacing: -0.63375px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 7.64648px; display: inline-block;">-1</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.43164px; display: inline-block;">3</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 59.8594px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 8.21484px; display: inline-block;">-2</span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; width: 48.498px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 13.166px; display: inline-block;">-16</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.51953px; display: inline-block;">6</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 48.498px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 8.21484px; display: inline-block;">-2</span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 4.4707px; display: inline-block;">1</span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.37305px; display: inline-block;">8</span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; width: 46.4179px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span></span><span style="position: absolute; display: inline-block; left: 497.332px; top: 122.229px; width: 22.1133px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 22.1133px; display: inline-block;">-400</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 137.463px; width: 518.801px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.95898px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 33.4336px; display: inline-block;">ransfer</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 197.221px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 11.9355px; display: inline-block;">23</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0801px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 8.21484px; display: inline-block;">-2</span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.36719px; display: inline-block;">3</span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; width: 62.0685px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 12.2871px; display: inline-block;">-17</span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="width: 2.92969px; display: inline-block;">-</span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 9.36328px; display: inline-block;">17</span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 158.227px; width: 518.912px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 126.773px; display: inline-block;">Cost at 31 December 2023</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 94.0957px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.50781px; display: inline-block;">1,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.4863px; display: inline-block;">523</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 27.252px; display: inline-block;">3,219</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 9.05273px; display: inline-block;">2,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.3984px; display: inline-block;">723</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.9315px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 19.1426px; display: inline-block;">909</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.507px; letter-spacing: -0.507px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 8.27344px; display: inline-block;">8,</span><span style="word-spacing: 0.507px; letter-spacing: -0.507px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.79492px; display: inline-block;">3</span><span style="word-spacing: 0.507px; letter-spacing: -0.507px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 11.332px; display: inline-block;">74</span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 180.213px; width: 172.723px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 42.9141px; display: inline-block;">Deprecia</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 130.271px; display: inline-block;">tion and impairment losses </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 193.713px; width: 518.959px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 84.2344px; display: inline-block;">at 1 January 2023</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 145.494px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 17.6719px; display: inline-block;">252</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.4727px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.32175px; letter-spacing: -0.32175px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 16.9512px; display: inline-block;">765</span><span style="word-spacing: 0.32175px; letter-spacing: -0.32175px; display: inline-block; margin-left: 0px; width: 50.4727px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 18px; display: inline-block;">534</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.0332px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 18.1172px; display: inline-block;">320</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.9784px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.34125px; letter-spacing: -0.34125px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 13.1191px; display: inline-block;">1,8</span><span style="word-spacing: 0.34125px; letter-spacing: -0.34125px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 11.0215px; display: inline-block;">72</span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 208.932px; width: 519.293px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 43.002px; display: inline-block;">Foreign e</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 101.344px; display: inline-block;">xchange adjustments</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 98.0565px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.01172px; display: inline-block;">4</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6406px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.17578px; display: inline-block;">9</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.4415px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 9.67383px; display: inline-block;">-5</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 62.0685px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 5.87109px; display: inline-block;">2</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.7188px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 11.1562px; display: inline-block;">10</span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 224.15px; width: 519.943px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 42.9141px; display: inline-block;">Deprecia</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 53.1973px; display: inline-block;">tion charge</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 134.42px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.08775px; letter-spacing: -0.08775px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 11.0684px; display: inline-block;">18</span><span style="word-spacing: 0.08775px; letter-spacing: -0.08775px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.8418px; display: inline-block;">5</span><span style="word-spacing: 0.08775px; letter-spacing: -0.08775px; display: inline-block; margin-left: 0px; width: 50.0332px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 17.9414px; display: inline-block;">234</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.0136px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.19141px; display: inline-block;">4</span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 9.36328px; display: inline-block;">17</span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; width: 51.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 17.3496px; display: inline-block;">194</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 26.4961px; display: inline-block;">1,030</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 239.369px; width: 233.291px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 45.7031px; display: inline-block;">Disposals</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 187.588px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="position: absolute; display: inline-block; left: 233.291px; top: 239.369px; width: 265.189px; white-space: pre; word-spacing: 0.63375px; letter-spacing: -0.63375px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 7.64648px; display: inline-block;">-1</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.23828px; display: inline-block;">2</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 59.8594px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 8.21484px; display: inline-block;">-2</span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; width: 48.498px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 7.64648px; display: inline-block;">-1</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.51953px; display: inline-block;">6</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.51953px; display: inline-block;">6</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 50.4727px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 12.2871px; display: inline-block;">-17</span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 4.35352px; display: inline-block;">1</span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; width: 47.7832px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span></span><span style="position: absolute; display: inline-block; left: 498.48px; top: 239.369px; width: 20.9062px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 20.9062px; display: inline-block;">-351</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 254.588px; width: 518.713px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.95898px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 33.4336px; display: inline-block;">ransfer</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 203.338px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.07617px; display: inline-block;">8</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.4142px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 1.29675px; letter-spacing: -1.29675px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.98438px; display: inline-block;">-7</span><span style="word-spacing: 1.29675px; letter-spacing: -1.29675px; display: inline-block; margin-left: 0px; width: 63.1406px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.8477px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 7.64648px; display: inline-block;">-1</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.43164px; display: inline-block;">3</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 54.6386px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="width: 7.64648px; display: inline-block;">-1</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.43164px; display: inline-block;">3</span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 275.367px; width: 143.033px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 135.545px; display: inline-block;">Depreciation and impairmen</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 7.95117px; display: inline-block;">t </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 288.867px; width: 519.768px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 122.08px; display: inline-block;">losses 31 December 2023</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 106.793px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 18.3516px; display: inline-block;">437</span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; width: 48.9315px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span></span><span style="width: 19.1309px; display: inline-block;">999</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.4727px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.08775px; letter-spacing: -0.08775px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 17.6016px; display: inline-block;">781</span><span style="word-spacing: 0.08775px; letter-spacing: -0.08775px; display: inline-block; margin-left: 0px; width: 49.3125px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span></span><span style="width: 18.8965px; display: inline-block;">333</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.4062px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 27.791px; display: inline-block;">2,548</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 309.602px; width: 97.1719px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 97.1719px; display: inline-block;">Carrying amount at </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 323.102px; width: 519.305px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 89.9941px; display: inline-block;">31 December 2023</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 130.306px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.50781px; display: inline-block;">1,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.0664px; display: inline-block;">086</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.4062px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 27.5859px; display: inline-block;">2,220</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.50781px; display: inline-block;">1,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.9961px; display: inline-block;">943</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.4727px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.32175px; letter-spacing: -0.32175px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 17.543px; display: inline-block;">576</span><span style="word-spacing: 0.32175px; letter-spacing: -0.32175px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span></span><span style="width: 9.08789px; display: inline-block;">5,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.75px; display: inline-block;">826</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:328.404296875px;"><span style="position: absolute; display: inline-block; left: 0px; top: 0.0097656px; width: 519.592px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 52.6699px; display: inline-block;">DKK million</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 443.126px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 23.7949px; display: inline-block;">2022</span></span><span style="position: absolute; display: inline-block; left: 201.828px; top: 19.9297px; width: 46.2949px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 46.2949px; display: inline-block;">Land and </span></span><span style="position: absolute; display: inline-block; left: 330.531px; top: 19.9297px; width: 55.002px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 55.002px; display: inline-block;">Ferries and </span></span><span style="position: absolute; display: inline-block; left: 400.312px; top: 19.9297px; width: 53.0215px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 53.0215px; display: inline-block;">Equipment </span></span><span style="position: absolute; display: inline-block; left: 203.672px; top: 33.4297px; width: 111.375px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 43.4297px; display: inline-block;">buildings</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 21.1641px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 41.6074px; display: inline-block;">erminals</span></span><span style="position: absolute; display: inline-block; left: 330.531px; top: 33.4297px; width: 52.0664px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 52.0664px; display: inline-block;">other ships</span></span><span style="position: absolute; display: inline-block; left: 433.469px; top: 33.4297px; width: 61.8223px; white-space: pre; word-spacing: 0.08775px; letter-spacing: -0.08775px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 18.0586px; display: inline-block;">etc.</span><span style="word-spacing: 0.08775px; letter-spacing: -0.08775px; display: inline-block; margin-left: 0px; width: 43.7636px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span></span><span style="position: absolute; display: inline-block; left: 495.291px; top: 33.4297px; width: 24.4629px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.2891px; display: inline-block;">otal</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 55.416px; width: 521.742px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 108.27px; display: inline-block;">Cost at 1 January 2022</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 119.197px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 556 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.873px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 28.0898px; display: inline-block;">2,812 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.873px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.06836px; display: inline-block;">1,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.4492px; display: inline-block;">486 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.9042px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 713 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.873px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.82422px; display: inline-block;">5,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.127px; display: inline-block;">567 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 70.6348px; width: 228.305px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 43.002px; display: inline-block;">Foreign e</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 101.344px; display: inline-block;">xchange adjustments</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 84.8261px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="position: absolute; display: inline-block; left: 228.305px; top: 70.6348px; width: 68.4316px; white-space: pre; word-spacing: 0.702px; letter-spacing: -0.702px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 4.42969px; display: inline-block;"> </span>-2</span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.30859px; display: inline-block;">4</span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; width: 46.9042px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="position: absolute; display: inline-block; left: 296.736px; top: 70.6348px; width: 136.764px; white-space: pre; word-spacing: 1.29675px; letter-spacing: -1.29675px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 4.42969px; display: inline-block;"> </span>-7</span><span style="word-spacing: 1.29675px; letter-spacing: -1.29675px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 4.88672px; display: inline-block;">0</span><span style="word-spacing: 1.29675px; letter-spacing: -1.29675px; display: inline-block; margin-left: 0px; width: 1.38867px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span><span style="word-spacing: 1.29675px; letter-spacing: -1.29675px; display: inline-block; margin-left: 0px; width: 46.9042px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 4.42969px; display: inline-block;"> </span>-1</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.54883px; display: inline-block;">0</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 47.7832px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span></span><span style="position: absolute; display: inline-block; left: 433.5px; top: 70.6348px; width: 88.2305px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 12.5508px; display: inline-block;">11 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.5566px; display: inline-block;">114 </span></span><span style="position: absolute; display: inline-block; left: 245.969px; top: 87.7246px; width: 6.04688px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 5.68425px; font-family: ffa; -webkit-text-stroke-width: 0.0852637px;"><span style="display: inline-block;"> 3 </span></span><span style="position: absolute; display: inline-block; left: 450.5px; top: 87.7246px; width: 4.88672px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 5.68425px; font-family: ffa; -webkit-text-stroke-width: 0.0852637px;"><span style="display: inline-block;"> 3</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 85.8535px; width: 246.375px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 172.576px; display: inline-block;">Addition on acquisition of enterprises</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 203</span></span><span style="position: absolute; display: inline-block; left: 309.547px; top: 85.8535px; width: 141.357px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.4142px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: -2.21325px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.18164px; display: inline-block;">0 </span><span style="word-spacing: -2.21325px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.10725px; letter-spacing: -0.10725px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span>37</span></span></span></span><span style="position: absolute; display: inline-block; left: 499.094px; top: 85.8535px; width: 22.4883px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> 240 </span></span><span style="position: absolute; display: inline-block; left: 383.359px; top: 102.943px; width: 4.92773px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 5.68425px; font-family: ffa; -webkit-text-stroke-width: 0.0852637px;"><span style="width: 4.92773px; display: inline-block;">4 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 101.072px; width: 383.566px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 96.1699px; display: inline-block;">Additions/Remeasur</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 29.8477px; display: inline-block;">ement</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 102.732px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 321 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.9042px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 181 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.133px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 20.1152px; display: inline-block;">1,02</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 8.2207px; display: inline-block;">4 </span></span><span style="position: absolute; display: inline-block; left: 387.781px; top: 101.072px; width: 134.297px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.5741px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 183 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.5489px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.06836px; display: inline-block;">1,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.3945px; display: inline-block;">710 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 116.291px; width: 522px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 45.7031px; display: inline-block;">Disposals</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 176.56px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -1</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 14.5488px; display: inline-block;">06 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.5917px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 4.42969px; display: inline-block;"> </span>-3 </span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; width: 39.1699px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> -609 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.7168px; display: inline-block;">160 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.873px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -878 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 131.51px; width: 521.754px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.95898px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 33.4336px; display: inline-block;">ransfer</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 198.556px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.4142px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.5917px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -6 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.5917px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -6 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 152.273px; width: 522.047px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 126.551px; display: inline-block;">Cost at 31 December 2022</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 102.732px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 20.0801px; display: inline-block;">951 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.1699px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 29.0859px; display: inline-block;">2,921 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.1699px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 28.7754px; display: inline-block;">1,891 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.498px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.32175px; letter-spacing: -0.32175px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 19.2598px; display: inline-block;">757 </span><span style="word-spacing: 0.32175px; letter-spacing: -0.32175px; display: inline-block; margin-left: 0px; width: 38.748px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span></span><span style="width: 29.9766px; display: inline-block;">6,520 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 174.26px; width: 172.723px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 42.9141px; display: inline-block;">Deprecia</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 130.271px; display: inline-block;">tion and impairment losses </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 187.76px; width: 521.789px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 84.041px; display: inline-block;">at 1 January 2022</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 143.355px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 222 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.6154px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 566 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.996px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 619 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.6154px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 235 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.4062px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.06836px; display: inline-block;">1,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.2441px; display: inline-block;">642 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 202.979px; width: 521.449px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 43.002px; display: inline-block;">Foreign e</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 101.344px; display: inline-block;">xchange adjustments</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 85.8926px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 12.5508px; display: inline-block;">11 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.996px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -20 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -5 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0801px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 1.29675px; letter-spacing: -1.29675px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 4.42969px; display: inline-block;"> </span>-7</span><span style="word-spacing: 1.29675px; letter-spacing: -1.29675px; display: inline-block; margin-left: 0px; width: 1.38867px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span><span style="word-spacing: 1.29675px; letter-spacing: -1.29675px; display: inline-block; margin-left: 0px; width: 45.6154px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> -42 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 218.197px; width: 522.199px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 42.9141px; display: inline-block;">Deprecia</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 53.1973px; display: inline-block;">tion charge</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 133.084px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 127 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.6154px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 222 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.6154px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 520 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.2969px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span>17</span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.25px; display: inline-block;">3</span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; width: 39.873px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 28.3359px; display: inline-block;">1,042 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 233.432px; width: 522.07px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 45.7031px; display: inline-block;">Disposals</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 181.658px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -87 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.5917px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 4.42969px; display: inline-block;"> </span>-3 </span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; width: 39.873px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> -599 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.4179px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 1.29675px; letter-spacing: -1.29675px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 4.42969px; display: inline-block;"> </span>-7</span><span style="word-spacing: 1.29675px; letter-spacing: -1.29675px; display: inline-block; margin-left: 0px; width: 1.38867px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="width: 4.88086px; display: inline-block;">9</span><span style="word-spacing: 1.29675px; letter-spacing: -1.29675px; display: inline-block; margin-left: 0px; width: 1.38867px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span><span style="word-spacing: 1.29675px; letter-spacing: -1.29675px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.2734px; display: inline-block;">768 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 248.65px; width: 521.795px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.95898px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 33.4336px; display: inline-block;">ransfer</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 198.556px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.8594px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.4142px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0801px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 4.42969px; display: inline-block;"> </span>-1</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 52.5877px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 4.42969px; display: inline-block;"> </span>-1</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 269.414px; width: 143.033px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 135.545px; display: inline-block;">Depreciation and impairmen</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 7.95117px; display: inline-block;">t </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 282.914px; width: 521.701px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 121.857px; display: inline-block;">losses 31 December 2022</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 107.467px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 20.3203px; display: inline-block;">252 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.2969px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 20.5664px; display: inline-block;">765 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.2969px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 20.7891px; display: inline-block;">534 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.9042px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 20.8184px; display: inline-block;">320 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.873px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 14.8125px; display: inline-block;">1,8</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 14.1621px; display: inline-block;">72 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 303.648px; width: 97.1719px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 97.1719px; display: inline-block;">Carrying amount at </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 317.164px; width: 521.66px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 89.7715px; display: inline-block;">31 December 2022</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 138.574px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 21.1816px; display: inline-block;">699 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.1699px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 28.8633px; display: inline-block;">2,155 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.748px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 29.3379px; display: inline-block;">1,356 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.2969px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 20.7012px; display: inline-block;">437 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.133px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 9.29297px; display: inline-block;">4,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 21.0527px; display: inline-block;">648 </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">1 <span class="_ _3a"> </span>Addition on acquisitions <span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of enterprises rela<span class="_ _2"/>te to </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">McBurney T<span class="_ _24e"/>ransport Group </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and Estron Gr<span class="_ _2"/>oup.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2 Addition/<span class="_ _2"/>remeasuremen<span class="_ _3"/>t </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">primarily r<span class="_ _2"/>elates to sale and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">leaseback of three f<span class="_ _3"/>erries, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">as well as two ne<span class="_ _2"/>w char<span class="_ _4"/>ter </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">contra<span class="_ _3"/>cts for ferries.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">3 <span class="_ _3b"> </span>Addition on acquisition of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">enterprises rela<span class="_ _2"/>tes to Lucey </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">T<span class="_ _24e"/>ransport and ICT Logistics.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">4 Addition/<span class="_ _2"/>remeasuremen<span class="_ _3"/>t </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">primarily r<span class="_ _2"/>elates to two </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">charter contracts with a </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">purchase option, as w<span class="_ _2"/>ell as<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">other new charter contr<span class="_ _3"/>acts </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">for ferries.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">3<span class="_ _3"/>.1.3 <span class="_ _9e"> </span>Right<span class="_ _2"/>-<span class="_ _4"/>of-use assets and l<span class="_ _3"/>ease liabilities <span class="ff3">(<span class="_ _2"/>continued)</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Set out in the following ar<span class="_ _2"/>e the carr<span class="_ _4"/>ying amounts of lease liabilities (<span class="_ _4"/>included under inter<span class="_ _3"/>est-bearing liabilities) <span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and the movemen<span class="_ _3"/>ts during the period.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:568.169921875px;"><span style="position: absolute; display: inline-block; left: 0px; top: 0.0097656px; width: 519.574px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 52.6699px; display: inline-block;">DKK million</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 374.027px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 24.8379px; display: inline-block;">2023</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.244px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="width: 23.7949px; display: inline-block;">2022</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 22.0254px; width: 522.129px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 71.9473px; display: inline-block;">As at 1 January</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 354.058px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.90625px; display: inline-block;">4,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 17.9414px; display: inline-block;">705</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.0664px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 3</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 23.4199px; display: inline-block;">,839 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 37.2441px; width: 519.334px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 43.002px; display: inline-block;">Foreign e</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 101.344px; display: inline-block;">xchange adjustments</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 296.853px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 11.2324px; display: inline-block;">13</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.0332px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span>-34</span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 52.4629px; width: 521.971px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 172.576px; display: inline-block;">Addition on acquisition of enterprises</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 261.117px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.078px; letter-spacing: -0.078px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 17.5312px; display: inline-block;">327</span><span style="word-spacing: 0.078px; letter-spacing: -0.078px; display: inline-block; margin-left: 0px; width: 50.4727px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 20.2734px; display: inline-block;">240 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 67.6816px; width: 521.883px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 96.1699px; display: inline-block;">Additions/Remeasur</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 29.8477px; display: inline-block;">ement</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 300.27px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 25.9863px; display: inline-block;">2,012</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.1699px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 1,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.2773px; display: inline-block;">731 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 82.9004px; width: 521.607px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 55.2246px; display: inline-block;">Instalments</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 374.555px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 21.9141px; display: inline-block;">-935</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.3534px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -963 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 98.1191px; width: 521.848px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 45.7031px; display: inline-block;">Disposals</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 390.007px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 15.8555px; display: inline-block;">-50</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.0529px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.7344px; display: inline-block;">109 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 118.883px; width: 521.707px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 170.918px; display: inline-block;">otal lease liabilities at 31 December</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 248.338px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.38025px; letter-spacing: -0.38025px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 14.5898px; display: inline-block;">6,0</span><span style="word-spacing: 0.38025px; letter-spacing: -0.38025px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.64844px; display: inline-block;">7</span><span style="word-spacing: 0.38025px; letter-spacing: -0.38025px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.69531px; display: inline-block;">2</span><span style="word-spacing: 0.38025px; letter-spacing: -0.38025px; display: inline-block; margin-left: 0px; width: 41.5489px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span></span><span style="width: 9.29297px; display: inline-block;">4,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.584px; display: inline-block;">705 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 153.057px; width: 451.863px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 256.26px; display: inline-block;">Non-discounted lease liabilities expiring within the follo</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 184.201px; display: inline-block;">wing periods from the balance sheet da</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 12.3281px; display: inline-block;">te:</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 172.947px; width: 519.574px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 52.6699px; display: inline-block;">DKK million</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 374.027px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 24.8379px; display: inline-block;">2023</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.244px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="width: 23.7949px; display: inline-block;">2022</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 194.963px; width: 521.719px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 59.9062px; display: inline-block;">Within 1 year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 367.395px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 24.4629px; display: inline-block;">1,311</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.4727px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 19.4824px; display: inline-block;">951 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 210.182px; width: 521.848px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.16797px; display: inline-block;">1</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 37.8516px; display: inline-block;">-3 years</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 383.321px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 20.6426px; display: inline-block;">2,42</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.83594px; display: inline-block;">7</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.5469px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 1,293 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 225.4px; width: 522.141px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 43.7812px; display: inline-block;">3-5 years</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 381.836px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 26.25px; display: inline-block;">1,449</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.5469px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 1,407 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 240.619px; width: 521.695px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 38.5723px; display: inline-block;">After 5 y</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.7305px; display: inline-block;">ears</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 367.395px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.06836px; display: inline-block;">1,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 17.9707px; display: inline-block;">952</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.748px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 1,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.291px; display: inline-block;">789 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 261.383px; width: 521.818px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 85.4824px; display: inline-block;">otal lease liability</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 79.418px; display: inline-block;">, non-discounted</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 256.195px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.0293px; display: inline-block;">7</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 21.1816px; display: inline-block;">,139</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 29.3086px; display: inline-block;">5,441 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 295.557px; width: 517.518px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 96.0117px; display: inline-block;">Lease liabilities are r</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 197.186px; display: inline-block;">ecognised in the balance sheet as follows:</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 155.045px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 65.7127px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 315.447px; width: 519.574px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 52.6699px; display: inline-block;">DKK million</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 374.027px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 24.8379px; display: inline-block;">2023</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.244px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="width: 23.7949px; display: inline-block;">2022</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 337.463px; width: 521.883px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 100.787px; display: inline-block;">Non-current liabilities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 325.723px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.43875px; letter-spacing: -0.43875px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 18.4219px; display: inline-block;">5,01</span><span style="word-spacing: 0.43875px; letter-spacing: -0.43875px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.63672px; display: inline-block;">8</span><span style="word-spacing: 0.43875px; letter-spacing: -0.43875px; display: inline-block; margin-left: 0px; width: 38.748px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> 3</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 2.90039px; display: inline-block;">,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.7051px; display: inline-block;">916 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 352.682px; width: 521.742px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 79.6582px; display: inline-block;">Current liabilities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 346.207px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.06836px; display: inline-block;">1,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.041px; display: inline-block;">055</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.0332px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 20.1973px; display: inline-block;">788 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 373.445px; width: 521.742px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 93.3867px; display: inline-block;">otal lease liabilities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 325.723px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.38025px; letter-spacing: -0.38025px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.98828px; display: inline-block;">6</span><span style="word-spacing: 0.38025px; letter-spacing: -0.38025px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 14.25px; display: inline-block;">,07</span><span style="word-spacing: 0.38025px; letter-spacing: -0.38025px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.69531px; display: inline-block;">2</span><span style="word-spacing: 0.38025px; letter-spacing: -0.38025px; display: inline-block; margin-left: 0px; width: 42.1054px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span></span><span style="width: 9.29297px; display: inline-block;">4,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.584px; display: inline-block;">705 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 402.947px; width: 295.025px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 117.873px; display: inline-block;">The following amounts ar</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 178.02px; display: inline-block;">e recognised in the income statement:</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 422.838px; width: 519.574px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 52.6699px; display: inline-block;">DKK million</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 374.027px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 24.8379px; display: inline-block;">2023</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.244px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="width: 23.7949px; display: inline-block;">2022</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 444.854px; width: 518.561px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 65.209px; display: inline-block;">Expenses rela</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 59.5488px; display: inline-block;">ting to short-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 60.1113px; display: inline-block;">term leases (</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 81.3105px; display: inline-block;">included in costs)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 177.639px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 7.64648px; display: inline-block;">-1</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 59.4142px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 8.21484px; display: inline-block;">-2</span></span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 460.072px; width: 518.549px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 65.209px; display: inline-block;">Expenses rela</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 48.0586px; display: inline-block;">ting to low</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 53.8711px; display: inline-block;">-value asse</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 14.0039px; display: inline-block;">ts (</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 81.3105px; display: inline-block;">included in costs)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 175.523px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 8.21484px; display: inline-block;">-2</span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.13281px; display: inline-block;">7</span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; width: 53.8477px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="width: 8.21484px; display: inline-block;">-2</span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.37305px; display: inline-block;">8</span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 475.291px; width: 519.738px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.31055px; display: inline-block;">V</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 196.775px; display: inline-block;">ariable lease payments (included in costs)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 232.98px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.117px; letter-spacing: -0.117px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 15.5742px; display: inline-block;">-94</span><span style="word-spacing: 0.117px; letter-spacing: -0.117px; display: inline-block; margin-left: 0px; width: 52.5877px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 15.9727px; display: inline-block;">-86</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 490.51px; width: 519.334px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 42.9141px; display: inline-block;">Deprecia</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 46.998px; display: inline-block;">tion, ships</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 342.404px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 2.92969px; display: inline-block;">-</span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.19141px; display: inline-block;">4</span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 9.36328px; display: inline-block;">17</span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; width: 46.9042px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 21.7266px; display: inline-block;">-520</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 505.729px; width: 519.398px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 42.9141px; display: inline-block;">Deprecia</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 137.613px; display: inline-block;">tion, other non-current assets</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 250.371px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 21.1289px; display: inline-block;">-613</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.4179px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 21.416px; display: inline-block;">-522</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 520.947px; width: 519.58px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 43.7344px; display: inline-block;">Interest e</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 124.295px; display: inline-block;">xpenses on lease liabilities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 265.312px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 7.98047px; display: inline-block;">-2</span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 9.36328px; display: inline-block;">17</span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; width: 48.498px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 3.74414px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 17.4141px; display: inline-block;">130</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 536.166px; width: 519.258px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 183.264px; display: inline-block;">Gain arising from sale and leaseback tr</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 51.9023px; display: inline-block;">ansactions</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 205.031px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.1055px; display: inline-block;">95</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6406px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 556.93px; width: 519.562px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 195.686px; display: inline-block;">otal amount recognised in the income sta</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 34.0312px; display: inline-block;">tement</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 187.588px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 3.70898px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 26.7188px; display: inline-block;">1,275</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.5469px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 3.70898px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 27.1934px; display: inline-block;">1,288</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The following amounts fr<span class="_ _2"/>om leases are recognised in the sta<span class="_ _3"/>tement of Cash flows:</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:103.091796875px;"><span style="position: absolute; display: inline-block; left: 0px; top: 0.0097656px; width: 519.574px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 52.6699px; display: inline-block;">DKK million</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 374.027px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 24.8379px; display: inline-block;">2023</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.244px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="width: 23.7949px; display: inline-block;">2022</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 22.0254px; width: 519.088px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 60.4922px; display: inline-block;">Cash flows fr</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 122.227px; display: inline-block;">om operating activities, gr</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 15.8848px; display: inline-block;">oss</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 233.988px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 20.6543px; display: inline-block;">-122</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.498px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 12.1816px; display: inline-block;">-11</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.51953px; display: inline-block;">6</span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 37.2441px; width: 519.58px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 43.7344px; display: inline-block;">Interest e</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 38.4844px; display: inline-block;">tc., paid</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 350.719px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 7.98047px; display: inline-block;">-2</span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 9.36328px; display: inline-block;">17</span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; width: 48.498px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 3.74414px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 17.4141px; display: inline-block;">130</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 55.8535px; width: 518.912px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 60.4922px; display: inline-block;">Cash flows fr</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 127.658px; display: inline-block;">om operating activities, net</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 242.431px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 21.9492px; display: inline-block;">-338</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.9042px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 8.21484px; display: inline-block;">-2</span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.30859px; display: inline-block;">4</span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.45508px; display: inline-block;">6</span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 71.0723px; width: 519.504px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 60.4922px; display: inline-block;">Cash flows fr</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 125.508px; display: inline-block;">om financing activities, net</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 244.705px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 21.9141px; display: inline-block;">-935</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.6154px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 22.1367px; display: inline-block;">-963</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 91.8516px; width: 519.586px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 74.7363px; display: inline-block;">otal cash outflo</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 70.875px; display: inline-block;">ws from leases</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 271.459px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 3.70898px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 26.9004px; display: inline-block;">1,273</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.4199px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 27.3398px; display: inline-block;">1,209</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In 2023 the Group has paid DKK 1,151m (2022: DKK 1,<span class="_ _2"/>093m) regarding lease a<span class="_ _3"/>greements wher<span class="_ _2"/>eof interest expenses </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">rela<span class="_ _3"/>ted to lease liabilities amount to DKK 21<span class="_ _24e"/>7m (2022: DKK 130m), and instalment of lease liability amounts to DKK </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">935m (2022: DKK 963m).</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">At 31 December 2023 the Gr<span class="_ _2"/>oup was committed to short term and low<span class="_ _3"/>-val<span class="_ _3"/>ue leases for an amount of DKK 90m <span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(2022: DKK 76m).</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Group has tw<span class="_ _3"/>o terminal lease contra<span class="_ _3"/>cts that contains v<span class="_ _3"/>ariable payments based on the number of tr<span class="_ _3"/>ansferred units. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The terms align the lease expense with the units tr<span class="_ _2"/>ansferred and re<span class="_ _3"/>venue earned. The follo<span class="_ _3"/>wing pro<span class="_ _3"/>vides </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">information on the Gr<span class="_ _2"/>oup’s variable lease pa<span class="_ _3"/>yments in rela<span class="_ _3"/>tion to fixed pa<span class="_ _2"/>yments:</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:81.888671875px;"><span style="position: absolute; display: inline-block; left: 153.656px; top: 0.0390625px; width: 27.3047px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 27.7324px; display: inline-block;">Fixed </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.49588px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 206.422px; top: 0.0390625px; width: 42.3926px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.82031px; display: inline-block;">V</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 36.4395px; display: inline-block;">ariable </span></span><span style="position: absolute; display: inline-block; left: 358.469px; top: 0.0097656px; width: 27.0059px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 27.2812px; display: inline-block;">Fixed </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.49588px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 412.578px; top: 0.0097656px; width: 41.4375px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.31055px; display: inline-block;">V</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 35.5898px; display: inline-block;">ariable </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 13.5098px; width: 52.6699px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 52.6699px; display: inline-block;">DKK million</span></span><span style="position: absolute; display: inline-block; left: 130.859px; top: 13.5391px; width: 47.707px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 47.707px; display: inline-block;">payments</span></span><span style="position: absolute; display: inline-block; left: 199.656px; top: 13.5391px; width: 115.119px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 47.707px; display: inline-block;">payments</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.5741px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 24.8379px; display: inline-block;">2023</span></span><span style="position: absolute; display: inline-block; left: 337.141px; top: 13.5098px; width: 46.7461px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 46.7461px; display: inline-block;">payments</span></span><span style="position: absolute; display: inline-block; left: 405.359px; top: 13.5098px; width: 114.305px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 46.7461px; display: inline-block;">payments</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.7636px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 23.7949px; display: inline-block;">2022</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 35.5254px; width: 521.947px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 77.127px; display: inline-block;">Lease payments</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 84.8261px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 17.1621px; display: inline-block;">135</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0977px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.1816px; display: inline-block;">49</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.08775px; letter-spacing: -0.08775px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 16.9863px; display: inline-block;">184</span><span style="word-spacing: 0.08775px; letter-spacing: -0.08775px; display: inline-block; margin-left: 0px; width: 51.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 19.1836px; display: inline-block;">125 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.3125px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 44 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.498px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 19.7051px; display: inline-block;">169 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 49.8848px; width: 522.076px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.31055px; display: inline-block;">V</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 70.9043px; display: inline-block;">ariable rent onl</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.10352px; display: inline-block;">y</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 90.1582px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0977px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 11.9355px; display: inline-block;">45</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0977px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 11.9355px; display: inline-block;">45</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.8594px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.5917px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 42 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.0332px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 42 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 70.6484px; width: 521.695px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 84.4453px; display: inline-block;">otal 31 December</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.8185px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 17.9414px; display: inline-block;">135</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.6973px; display: inline-block;">94</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.3125px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 18.457px; display: inline-block;">228</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.4727px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 19.7754px; display: inline-block;">125 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.3125px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 86 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.9315px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 19.1895px; display: inline-block;">211 </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">A 10% increase in units tr<span class="_ _2"/>ansferred would incr<span class="_ _2"/>ease total lease payments by 7%. The Gr<span class="_ _3"/>oup has lease contra<span class="_ _3"/>cts for </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ferries and terminals that incl<span class="_ _3"/>ude extension and termina<span class="_ _3"/>tion options. These options pro<span class="_ _2"/>vide flexibility in managing </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the leased asset portfolio and align with the Gr<span class="_ _3"/>oup’s business needs. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In 2023, DFDS ent<span class="_ _3"/>ered into an a<span class="_ _3"/>greement to sell and leaseback thr<span class="_ _2"/>ee freight ferries for a tot<span class="_ _3"/>al sales price of DKK </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">1,466m which ent<span class="_ _3"/>ailed a gain in the income statement of DKK 95m. The tr<span class="_ _2"/>ansaction improv<span class="_ _3"/>es financial flexibility by </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">releasing cash and lo<span class="_ _3"/>wering the asset o<span class="_ _3"/>wnership share. The leasing period is fiv<span class="_ _3"/>e years starting from the da<span class="_ _2"/>y of<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">delivery which is expec<span class="_ _3"/>ted this week. The agr<span class="_ _3"/>eement includes a right of first r<span class="_ _3"/>efusal to purchase the ferries during </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the leasing period.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">3<span class="_ _3"/>.1.3 <span class="_ _9e"> </span>Right<span class="_ _2"/>-<span class="_ _4"/>of-use assets and l<span class="_ _3"/>ease liabilities <span class="ff3">(<span class="_ _2"/>continued)</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Group as a lessor</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Future minimum r<span class="_ _2"/>eceivable under non-cancellable operating leases as at 31 December ar<span class="_ _3"/>e as follow<span class="_ _3"/>s:</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Operating l<span class="_ _3"/>ease commitments (lessor)</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:125.841796875px;"><span style="position: absolute; display: inline-block; left: 0px; top: 0.0097656px; width: 519.574px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 52.6699px; display: inline-block;">DKK million</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 374.027px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 24.8379px; display: inline-block;">2023</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.244px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="width: 23.7949px; display: inline-block;">2022</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 22.0547px; width: 517.529px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 112.301px; display: inline-block;">Minimum lease paymen</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 14.4902px; display: inline-block;">ts (</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 38.4258px; display: inline-block;">income)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 350.32px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 36.4141px; width: 517.535px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 32.4023px; display: inline-block;">Ferries</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 483.071px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 50.7441px; width: 521.988px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 59.9062px; display: inline-block;">Within 1 year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 374.555px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 17.1035px; display: inline-block;">312</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 19.3184px; display: inline-block;">312 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 65.1035px; width: 521.695px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.16797px; display: inline-block;">1</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 37.8516px; display: inline-block;">-3 years</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 391.373px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 17.8828px; display: inline-block;">442</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.996px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.24375px; letter-spacing: -0.24375px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 4.42969px; display: inline-block;"> </span>57</span><span style="word-spacing: 0.24375px; letter-spacing: -0.24375px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.58984px; display: inline-block;">7</span><span style="word-spacing: 0.24375px; letter-spacing: -0.24375px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 79.4629px; width: 521.695px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 43.7812px; display: inline-block;">3-5 years</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 401.603px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.5917px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 9.36328px; display: inline-block;">17</span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.01562px; display: inline-block;">7</span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 93.8379px; width: 521.602px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 38.5723px; display: inline-block;">After 5 y</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.7305px; display: inline-block;">ears</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 386.543px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6406px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 114.602px; width: 519.697px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.2891px; display: inline-block;">otal</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 408.971px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.32175px; letter-spacing: -0.32175px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 17.4961px; display: inline-block;">754</span><span style="word-spacing: 0.32175px; letter-spacing: -0.32175px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span></span><span style="width: 27.627px; display: inline-block;">1,066</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The specified minimum payments ar<span class="_ _3"/>e not discounted. Oper<span class="_ _3"/>ating lease and r<span class="_ _3"/>ental income recognised in the income </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">statement amount to DKK 405m in 2023 (2022: DKK 3<span class="_ _3"/>7<span class="_ _2"/>4m). The contracts ar<span class="_ _2"/>e entered into on normal conditions.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Significant accounting estimates and judgements <span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Extension options</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Group has enter<span class="_ _2"/>ed into lease agreements for f<span class="_ _3"/>erries with extension options. Mana<span class="_ _3"/>gement ex<span class="_ _3"/>ercises </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">significant judgement in determining whether these e<span class="_ _2"/>xtension options are reasonabl<span class="_ _2"/>y cer<span class="_ _4"/>tain to be </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ex<span class="_ _2"/>ercised and, in that connection, considers all r<span class="_ _3"/>elevant f<span class="_ _3"/>actors that cr<span class="_ _2"/>eate an economic and strat<span class="_ _3"/>egic </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">incentive for it to e<span class="_ _2"/>xercise the e<span class="_ _2"/>xtension option.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Management has also consider<span class="_ _3"/>ed the impact of decarbonisation and clima<span class="_ _3"/>te-related risk<span class="_ _3"/>s on assessing </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the likelihood of e<span class="_ _3"/>xtending lease agr<span class="_ _3"/>eements. Such risks include ne<span class="_ _3"/>w climate-rela<span class="_ _3"/>ted legislation </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">restricting the use of certain assets and ne<span class="_ _2"/>w technology demanded by climate-related legisla<span class="_ _2"/>tion.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Lessor (lease out)</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Group has enter<span class="_ _2"/>ed into operating lease agr<span class="_ _2"/>eements for ferries under usual terms and conditions for </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">such agreemen<span class="_ _3"/>ts. At inception of ea<span class="_ _3"/>ch individual agreement, Managemen<span class="_ _3"/>t assesses and determines </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">whether the agr<span class="_ _3"/>eement is a finance or an opera<span class="_ _3"/>ting leasing agreement.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> Accounting <span class="_ _4c"> </span>policies<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Group as lessee (lease in)</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The right-of<span class="_ _3"/>-use asset and corresponding lease liability is r<span class="_ _2"/>ecognised at the commencement date, i.e<span class="_ _3"/>. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the date the underl<span class="_ _2"/>ying asset is ready for use. Right<span class="_ _2"/>-<span class="_ _4"/>of-use asse<span class="_ _3"/>ts are measur<span class="_ _3"/>ed at cost corr<span class="_ _3"/>esponding </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to the lease liability recognised, a<span class="_ _3"/>djusted for any lease pr<span class="_ _3"/>epayments including dismantling and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">restor<span class="_ _2"/>ation costs. The lease liabilities are measured a<span class="_ _2"/>t the present value of lease pa<span class="_ _3"/>yments to be made </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">over the lease t<span class="_ _3"/>erm. The lease payments ar<span class="_ _3"/>e discounted using DFDS’ incremental borr<span class="_ _2"/>owing rat<span class="_ _3"/>e. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Deprecia<span class="_ _3"/>tion follows the str<span class="_ _2"/>aight-line method ov<span class="_ _3"/>er the lease term or the useful life of the right<span class="_ _2"/>-<span class="_ _4"/>of-use </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">assets, whichev<span class="_ _3"/>er is shortest. Howev<span class="_ _2"/>er<span class="_ _2"/>, for one terminal the depreciation is based on v<span class="_ _3"/>olumes handled </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in the terminal.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The lease payments include fix<span class="_ _2"/>ed payments less any lease incentives r<span class="_ _3"/>eceivable and variable lease </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">payments tha<span class="_ _3"/>t depend on an index or a r<span class="_ _3"/>ate. If the contr<span class="_ _2"/>act holds an option to purchase, e<span class="_ _2"/>xtend or </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">terminate a lease and it is r<span class="_ _2"/>easonably certain to be ex<span class="_ _3"/>ercised b<span class="_ _3"/>y the Group, the lease liability will </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">include those. The variable lease pa<span class="_ _2"/>yments that do not depend on an index or a r<span class="_ _3"/>ate ar<span class="_ _3"/>e recognised as </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">expenses in the period on which the e<span class="_ _3"/>vent or condition that triggers the pa<span class="_ _2"/>yment occurs.<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Group applies the short<span class="_ _3"/>-term lease r<span class="_ _3"/>ecognition ex<span class="_ _2"/>emption for lease contracts tha<span class="_ _3"/>t, at the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">commencement date, ha<span class="_ _2"/>ve a lease term of 12 months or less for all classes of underl<span class="_ _3"/>ying assets </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ex<span class="_ _2"/>cept for terminals and ferries and other ships, and the ex<span class="_ _2"/>emption for lease contracts f<span class="_ _3"/>or which the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">underlying asse<span class="_ _3"/>t is of low value<span class="_ _3"/>. Lease payments on short<span class="_ _3"/>-term leases and leases of lo<span class="_ _3"/>w-v<span class="_ _3"/>alue assets </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are r<span class="_ _2"/>ecognised as expenses on a straight<span class="_ _3"/>-line basis over the lease t<span class="_ _3"/>erm. For all classes of assets, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ex<span class="_ _2"/>cept for terminals, non-lease components, i.e., the service element, is not separa<span class="_ _3"/>ted from the lease </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">components and thereb<span class="_ _3"/>y form part of the right-of<span class="_ _3"/>-use asset and lease liability recognised in the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">balance sheet.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">For contr<span class="_ _3"/>acts with a rolling t<span class="_ _3"/>erm (e<span class="_ _3"/>ver<span class="_ _3"/>green leases), the Mana<span class="_ _3"/>gement ex<span class="_ _3"/>ercises judgement in </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">determining useful lifetime of the underl<span class="_ _2"/>ying right-of-use asset.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">As from 1 January 2024 the Gr<span class="_ _2"/>oup will changed its accounting policies regarding short<span class="_ _2"/>-term leases for </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ferries and other ships as well as a<span class="_ _3"/>ccounting trea<span class="_ _3"/>tment of the non-lease components. Please ref<span class="_ _3"/>er to </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">section 1.2 "New accounting policies and disclosur<span class="_ _2"/>es".</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Group as lessor (lease out)</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">For accounting purposes, assets leased out ar<span class="_ _2"/>e divided into finance and operating leases. In r<span class="_ _3"/>espect of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">assets leased out on a finance lease, an amount equal to the net pr<span class="_ _2"/>esent value of the future lease </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">payments is r<span class="_ _3"/>ecognised in the balance sheet as a lease receiv<span class="_ _2"/>able from lessee. The asset leased out is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">reclassified fr<span class="_ _2"/>om non-<span class="_ _4"/>current asset to leases r<span class="_ _2"/>eceivables and any gain or loss arising from this is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">recognised in the income sta<span class="_ _3"/>tement. Lease income from assets leased out on an oper<span class="_ _2"/>ating lease is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">recognised in the income sta<span class="_ _3"/>tement on a straight<span class="_ _2"/>-line basis over the lease term.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> Accounting <span class="_ _4c"> </span>policies<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Group as lessee (lease in)</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The right-of<span class="_ _3"/>-use asset and corresponding lease liability is r<span class="_ _2"/>ecognised at the commencement date, i.e<span class="_ _3"/>. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the date the underl<span class="_ _2"/>ying asset is ready for use. Right<span class="_ _2"/>-<span class="_ _4"/>of-use asse<span class="_ _3"/>ts are measur<span class="_ _3"/>ed at cost corr<span class="_ _3"/>esponding </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to the lease liability recognised, a<span class="_ _3"/>djusted for any lease pr<span class="_ _3"/>epayments including dismantling and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">restor<span class="_ _2"/>ation costs. The lease liabilities are measured a<span class="_ _2"/>t the present value of lease pa<span class="_ _3"/>yments to be made </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">over the lease t<span class="_ _3"/>erm. The lease payments ar<span class="_ _3"/>e discounted using DFDS’ incremental borr<span class="_ _2"/>owing rat<span class="_ _3"/>e. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Deprecia<span class="_ _3"/>tion follows the str<span class="_ _2"/>aight-line method ov<span class="_ _3"/>er the lease term or the useful life of the right<span class="_ _2"/>-<span class="_ _4"/>of-use </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">assets, whichev<span class="_ _3"/>er is shortest. Howev<span class="_ _2"/>er<span class="_ _2"/>, for one terminal the depreciation is based on v<span class="_ _3"/>olumes handled </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in the terminal.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The lease payments include fix<span class="_ _2"/>ed payments less any lease incentives r<span class="_ _3"/>eceivable and variable lease </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">payments tha<span class="_ _3"/>t depend on an index or a r<span class="_ _3"/>ate. If the contr<span class="_ _2"/>act holds an option to purchase, e<span class="_ _2"/>xtend or </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">terminate a lease and it is r<span class="_ _2"/>easonably certain to be ex<span class="_ _3"/>ercised b<span class="_ _3"/>y the Group, the lease liability will </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">include those. The variable lease pa<span class="_ _2"/>yments that do not depend on an index or a r<span class="_ _3"/>ate ar<span class="_ _3"/>e recognised as </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">expenses in the period on which the e<span class="_ _3"/>vent or condition that triggers the pa<span class="_ _2"/>yment occurs.<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Group applies the short<span class="_ _3"/>-term lease r<span class="_ _3"/>ecognition ex<span class="_ _2"/>emption for lease contracts tha<span class="_ _3"/>t, at the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">commencement date, ha<span class="_ _2"/>ve a lease term of 12 months or less for all classes of underl<span class="_ _3"/>ying assets </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ex<span class="_ _2"/>cept for terminals and ferries and other ships, and the ex<span class="_ _2"/>emption for lease contracts f<span class="_ _3"/>or which the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">underlying asse<span class="_ _3"/>t is of low value<span class="_ _3"/>. Lease payments on short<span class="_ _3"/>-term leases and leases of lo<span class="_ _3"/>w-v<span class="_ _3"/>alue assets </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are r<span class="_ _2"/>ecognised as expenses on a straight<span class="_ _3"/>-line basis over the lease t<span class="_ _3"/>erm. For all classes of assets, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ex<span class="_ _2"/>cept for terminals, non-lease components, i.e., the service element, is not separa<span class="_ _3"/>ted from the lease </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">components and thereb<span class="_ _3"/>y form part of the right-of<span class="_ _3"/>-use asset and lease liability recognised in the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">balance sheet.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">For contr<span class="_ _3"/>acts with a rolling t<span class="_ _3"/>erm (e<span class="_ _3"/>ver<span class="_ _3"/>green leases), the Mana<span class="_ _3"/>gement ex<span class="_ _3"/>ercises judgement in </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">determining useful lifetime of the underl<span class="_ _2"/>ying right-of-use asset.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">As from 1 January 2024 the Gr<span class="_ _2"/>oup will changed its accounting policies regarding short<span class="_ _2"/>-term leases for </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ferries and other ships as well as a<span class="_ _3"/>ccounting trea<span class="_ _3"/>tment of the non-lease components. Please ref<span class="_ _3"/>er to </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">section 1.2 "New accounting policies and disclosur<span class="_ _2"/>es".</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Group as lessor (lease out)</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">For accounting purposes, assets leased out ar<span class="_ _2"/>e divided into finance and operating leases. In r<span class="_ _3"/>espect of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">assets leased out on a finance lease, an amount equal to the net pr<span class="_ _2"/>esent value of the future lease </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">payments is r<span class="_ _3"/>ecognised in the balance sheet as a lease receiv<span class="_ _2"/>able from lessee. The asset leased out is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">reclassified fr<span class="_ _2"/>om non-<span class="_ _4"/>current asset to leases r<span class="_ _2"/>eceivables and any gain or loss arising from this is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">recognised in the income sta<span class="_ _3"/>tement. Lease income from assets leased out on an oper<span class="_ _2"/>ating lease is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">recognised in the income sta<span class="_ _3"/>tement on a straight<span class="_ _2"/>-line basis over the lease term.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> Accounting <span class="_ _4c"> </span>policies<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The carrying amount of Goodwill, non-current intangible, tangible and right<span class="_ _2"/>-<span class="_ _4"/>of-use assets ar<span class="_ _2"/>e<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">continuously assessed, a<span class="_ _2"/>t least once a year<span class="_ _2"/>, to determine whether there is an indica<span class="_ _2"/>tion of impairment.<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">When such indication e<span class="_ _3"/>xists the reco<span class="_ _3"/>verable amoun<span class="_ _3"/>t of the asset is assessed. The reco<span class="_ _3"/>ver<span class="_ _3"/>able amount </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">is the higher of the fair value less costs of disposal and the v<span class="_ _2"/>alue<span class="_ _4"/>-in-use. The value-in-use is calculated </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">as the present v<span class="_ _3"/>alue of the future ne<span class="_ _3"/>t cash flow<span class="_ _2"/>, which the asset is expected t<span class="_ _3"/>o generat<span class="_ _3"/>e either by itself </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">or from the lo<span class="_ _3"/>west cash-genera<span class="_ _3"/>ting unit to which the asset is allocated.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">3<span class="_ _3"/>.2.1 Receivabl<span class="_ _3"/>es</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:191.904296875px;"><span style="position: absolute; display: inline-block; left: 0px; top: 0.0097656px; width: 519.574px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 52.6699px; display: inline-block;">DKK million</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 374.027px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 24.8379px; display: inline-block;">2023</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.244px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="width: 23.7949px; display: inline-block;">2022</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 22.0254px; width: 521.408px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 114.135px; display: inline-block;">Other non-current receiv</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 26.0156px; display: inline-block;">ables</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 307.178px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 5.16797px; display: inline-block;">1</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.0136px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 4.42969px; display: inline-block;"> </span>16 </span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 42.7891px; width: 521.273px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 108.932px; display: inline-block;">otal non-current receiv</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 26.5605px; display: inline-block;">ables</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 305.818px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 5.53125px; display: inline-block;">1</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.8477px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.06825px; letter-spacing: -0.06825px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span>16 </span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 64.7754px; width: 521.66px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.95898px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 52.4121px; display: inline-block;">rade receiv</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 26.0156px; display: inline-block;">ables</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 343.301px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.34125px; letter-spacing: -0.34125px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 13.9453px; display: inline-block;">3,4</span><span style="word-spacing: 0.34125px; letter-spacing: -0.34125px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 11.0215px; display: inline-block;">27</span><span style="word-spacing: 0.34125px; letter-spacing: -0.34125px; display: inline-block; margin-left: 0px; width: 37.5469px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> 3,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.6543px; display: inline-block;">080 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 79.9941px; width: 521.877px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 9.62695px; display: inline-block;">W</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 52.7109px; display: inline-block;">ork in progr</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 56.2324px; display: inline-block;">ess services</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 316.6px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 17.2969px; display: inline-block;">331</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.0332px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 20.3027px; display: inline-block;">263 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 95.2129px; width: 521.42px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 66.6035px; display: inline-block;">Receivables fr</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 118.318px; display: inline-block;">om associates and joint v</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 35.2793px; display: inline-block;">entures</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 219.838px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.1406px; display: inline-block;">38</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.5917px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 23 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 110.432px; width: 363.035px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 38.9824px; display: inline-block;">Corpora</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 101.812px; display: inline-block;">tion tax and joint taxa</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 139.635px; display: inline-block;">tion contribution, receivable, r</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 68.5371px; display: inline-block;">eference is ma</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 16.3242px; display: inline-block;">de </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 123.947px; width: 521.549px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 43.8281px; display: inline-block;">to note 2.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 6.15234px; display: inline-block;">6</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 390.007px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.1055px; display: inline-block;">59</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.5877px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 51 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 139.166px; width: 521.66px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 56.9648px; display: inline-block;">Other receiv</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 115.6px; display: inline-block;">ables and current assets</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 261.117px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 18.2637px; display: inline-block;">605</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.0332px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 20.1445px; display: inline-block;">597 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 159.93px; width: 521.361px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 87.6094px; display: inline-block;">otal current receiv</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 26.5605px; display: inline-block;">ables</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 305.133px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 28.1016px; display: inline-block;">4,459</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 9.29297px; display: inline-block;">4,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.0859px; display: inline-block;">015 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 180.664px; width: 521.291px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 166.307px; display: inline-block;">otal current and non-current receiv</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 26.5605px; display: inline-block;">ables</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 225.914px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 28.3652px; display: inline-block;">4,460</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 9.29297px; display: inline-block;">4,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.2734px; display: inline-block;">031 </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The carrying amount of receivables is in all ma<span class="_ _2"/>terial respects equal to the fair val<span class="_ _3"/>ue. Collater<span class="_ _2"/>al is pledged<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">as security for certain receiv<span class="_ _3"/>ables. The collater<span class="_ _3"/>al consists of bank guarantees with a f<span class="_ _3"/>air value of DKK 55m <span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(2022: DKK 61m).</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:314.529296875px;"><span style="position: absolute; display: inline-block; left: 0px; top: 0.0097656px; width: 519.574px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 52.6699px; display: inline-block;">DKK million</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 374.027px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 24.8379px; display: inline-block;">2023</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.244px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="width: 23.7949px; display: inline-block;">2022</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 22.0547px; width: 517.518px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 98.5254px; display: inline-block;">rade receivables tha</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 68.4492px; display: inline-block;">t are past due:</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 344.174px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 37.2441px; width: 517.342px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 69.9082px; display: inline-block;">Days past due:</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 445.219px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 52.4629px; width: 521.695px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 64.1895px; display: inline-block;">Up to 30 days</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 369.258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 18.0879px; display: inline-block;">465</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.0332px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 20.127px; display: inline-block;">487 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 67.6816px; width: 521.754px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 11.2324px; display: inline-block;">31</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 40.9336px; display: inline-block;">-60 days</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 382.53px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.1755px; letter-spacing: -0.1755px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 17.3555px; display: inline-block;">207</span><span style="word-spacing: 0.1755px; letter-spacing: -0.1755px; display: inline-block; margin-left: 0px; width: 52.5877px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> 91 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 82.9004px; width: 521.566px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 11.3203px; display: inline-block;">61</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 40.9512px; display: inline-block;">-90 days</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 388.196px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 11.9355px; display: inline-block;">23</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.5917px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 25 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 267.291px; width: 521.771px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 72.3691px; display: inline-block;">Realised losses</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 365.086px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 8.21484px; display: inline-block;">-2</span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 4.4707px; display: inline-block;">1</span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; width: 59.0156px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 9.61523px; display: inline-block;">-3</span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 98.1191px; width: 521.543px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 11.3438px; display: inline-block;">91</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 3.74414px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 42.0762px; display: inline-block;">120 days</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 384.919px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 11.0977px; display: inline-block;">15</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.0136px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 21 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 113.338px; width: 521.9px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 81.4277px; display: inline-block;">More than 120 da</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 10.0957px; display: inline-block;">ys</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 348.111px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.0059px; display: inline-block;">58</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0801px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 71 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 303.289px; width: 439.541px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 69.3867px; display: inline-block;">Write-downs a</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 68.9941px; display: inline-block;">t 31 December</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 301.623px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 134.117px; width: 521.309px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 119.432px; display: inline-block;">Past due at 31 December</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 313.617px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.28275px; letter-spacing: -0.28275px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 17.9238px; display: inline-block;">769</span><span style="word-spacing: 0.28275px; letter-spacing: -0.28275px; display: inline-block; margin-left: 0px; width: 45.0529px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> 696 </span></span><span style="position: absolute; display: inline-block; left: 439.541px; top: 303.289px; width: 11.959px; white-space: pre; word-spacing: 0.18525px; letter-spacing: -0.18525px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 11.959px; display: inline-block;">73</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 169.182px; width: 519.574px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 52.6699px; display: inline-block;">DKK million</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 374.027px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 24.8379px; display: inline-block;">2023</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.244px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="width: 23.7949px; display: inline-block;">2022</span></span><span style="position: absolute; display: inline-block; left: 451.5px; top: 303.289px; width: 53.8477px; white-space: pre; word-spacing: 0.18525px; letter-spacing: -0.18525px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="word-spacing: 0.18525px; letter-spacing: -0.18525px; display: inline-block; margin-left: 0px; width: 53.8477px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 191.227px; width: 517.166px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 20.0098px; display: inline-block;">Mov</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 263.701px; display: inline-block;">ements in write-downs, which are included in the trade r</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 55.1309px; display: inline-block;">eceivables:</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 177.188px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 505.348px; top: 303.289px; width: 2.0625px; white-space: pre; word-spacing: 0.28275px; letter-spacing: -0.28275px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 206.416px; width: 521.895px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 119.297px; display: inline-block;">Write-downs at 1 January</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 320.654px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.32175px; letter-spacing: -0.32175px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 11.373px; display: inline-block;">70</span><span style="word-spacing: 0.32175px; letter-spacing: -0.32175px; display: inline-block; margin-left: 0px; width: 51.5917px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> 60 </span></span><span style="position: absolute; display: inline-block; left: 507.41px; top: 303.289px; width: 11.8477px; white-space: pre; word-spacing: 0.28275px; letter-spacing: -0.28275px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 11.8477px; display: inline-block;">70</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 221.635px; width: 521.912px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 43.002px; display: inline-block;">Foreign e</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 96.3516px; display: inline-block;">xchange adjustment</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 306.551px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.8594px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 7.64648px; display: inline-block;">-1</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 236.854px; width: 521.707px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 172.576px; display: inline-block;">Addition on acquisition of enterprises</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 272.397px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.0429px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 2 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 252.072px; width: 521.414px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 59.0508px; display: inline-block;">Write-downs</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 380.49px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 11.9941px; display: inline-block;">53</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 33 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 282.51px; width: 521.59px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 63.1758px; display: inline-block;">Reversed writ</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 9.49219px; display: inline-block;">e-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 30.2988px; display: inline-block;">downs</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 333.65px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 8.21484px; display: inline-block;">-2</span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.37305px; display: inline-block;">8</span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; width: 52.0136px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 13.957px; display: inline-block;">22 </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">3<span class="_ _3"/>.2.1 Receivabl<span class="_ _3"/>es <span class="_ _9c"/><span class="ff3 ws0">(<span class="_ _3"/>continued)</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:145.341796875px;"><span style="position: absolute; display: inline-block; left: 0px; top: 0.0097656px; width: 519.574px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 52.6699px; display: inline-block;">DKK million</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 374.027px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 24.8379px; display: inline-block;">2023</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.244px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="width: 23.7949px; display: inline-block;">2022</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 22.0547px; width: 517.506px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 151.119px; display: inline-block;">Age distribution of write-downs:</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 364.324px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 37.2441px; width: 517.342px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 69.9082px; display: inline-block;">Days past due:</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 445.219px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 52.4629px; width: 521.438px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 64.1895px; display: inline-block;">Up to 30 days</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 381.304px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 5.83594px; display: inline-block;">7</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 2 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 67.6816px; width: 521.789px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 11.2324px; display: inline-block;">31</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 40.9336px; display: inline-block;">-60 days</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 394.054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.4415px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 1 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 82.9004px; width: 521.789px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 11.3203px; display: inline-block;">61</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 40.9512px; display: inline-block;">-90 days</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 394.961px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 5.16797px; display: inline-block;">1</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.4415px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 1 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 98.1191px; width: 521.584px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 11.3438px; display: inline-block;">91</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 3.74414px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 42.0762px; display: inline-block;">120 days</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 385.305px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 10.3359px; display: inline-block;">11</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 2 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 113.338px; width: 521.508px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 81.4277px; display: inline-block;">More than 120 da</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 10.0957px; display: inline-block;">ys</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 348.621px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 11.8594px; display: inline-block;">55</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 63 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 134.102px; width: 521.309px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 69.3867px; display: inline-block;">Write-downs a</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 68.9941px; display: inline-block;">t 31 December</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 301.623px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.18525px; letter-spacing: -0.18525px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 11.959px; display: inline-block;">73</span><span style="word-spacing: 0.18525px; letter-spacing: -0.18525px; display: inline-block; margin-left: 0px; width: 53.8477px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span><span style="word-spacing: 0.28275px; letter-spacing: -0.28275px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span>70 </span></span></span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The last five years DFDS’ r<span class="_ _2"/>ealised credit losses on trade r<span class="_ _2"/>eceivables have been insignificant and the loss r<span class="_ _2"/>ate is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">below 0<span class="_ _2"/>.1% (2022: 0<span class="_ _3"/>.1%) of the re<span class="_ _3"/>venue in any of the r<span class="_ _2"/>espective years. The changes in payment pa<span class="_ _3"/>ttern continue to </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">be insignificant and at the same lev<span class="_ _2"/>el as previous years.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Accor<span class="_ _3"/>dingly<span class="_ _24e"/>, at year-end 2023 the e<span class="_ _3"/>xpected credit losses on tr<span class="_ _2"/>ade receivables calcula<span class="_ _3"/>ted under the simplified </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">expected cr<span class="_ _2"/>edit loss model is based on the aver<span class="_ _3"/>age historical loss ra<span class="_ _3"/>te on re<span class="_ _2"/>venue for the last five years of 0<span class="_ _2"/>.<span class="_ _3"/>0% </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(2022: 0<span class="_ _2"/>.0%) plus adjustments f<span class="_ _3"/>or forwar<span class="_ _3"/>d-looking factors wher<span class="_ _2"/>e considered relev<span class="_ _2"/>ant<span class="_ _4"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> Accounting <span class="_ _4c"> </span>policies<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Receivables ar<span class="_ _3"/>e recognised a<span class="_ _3"/>t amortised cost less expected cr<span class="_ _3"/>edit losses. DFDS’ risks r<span class="_ _3"/>egarding tr<span class="_ _3"/>ade </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">receiv<span class="_ _3"/>ables are not consider<span class="_ _2"/>ed unusual and no material risk is attributable to a single customer or </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">group of customers. A<span class="_ _3"/>ccording to the Gr<span class="_ _2"/>oup’s policy of undertaking cr<span class="_ _3"/>edit risks, assessment of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">significant customers are perf<span class="_ _3"/>ormed. Write-downs on tr<span class="_ _3"/>ade receiv<span class="_ _3"/>ables are based on the simplified </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">expected cr<span class="_ _2"/>edit loss model. Credit loss allowances on individual r<span class="_ _2"/>eceivables are pr<span class="_ _3"/>ovided for when </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">objective indica<span class="_ _3"/>tions of credit losses occur such as customer bankruptc<span class="_ _2"/>y and uncer<span class="_ _4"/>tainty about the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">customers’ ability and/<span class="_ _2"/>or willingness to pay<span class="_ _2"/>, etc. In addition to this, allo<span class="_ _3"/>wances for e<span class="_ _3"/>xpected cr<span class="_ _3"/>edit </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">losses are made on the r<span class="_ _2"/>emaining trade receiv<span class="_ _2"/>ables based on a simplified approach. W<span class="_ _3"/>ork in progr<span class="_ _3"/>ess </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">services is measured based on the value o<span class="_ _3"/>f the of the work performed as of the balance sheet da<span class="_ _3"/>te. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Write-downs and r<span class="_ _3"/>ealised losses on trade r<span class="_ _2"/>eceivables and work in progr<span class="_ _2"/>ess ser<span class="_ _4"/>vices are r<span class="_ _3"/>ecognised in </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ferry and other ship opera<span class="_ _3"/>tion and maintenance costs in the income statemen<span class="_ _3"/>t. Other receivables </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">comprise other tra<span class="_ _3"/>de receiv<span class="_ _3"/>ables; insurance r<span class="_ _3"/>eceivables on loss or damage of ferries and o<span class="_ _3"/>ther ships; </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">financial lease receiv<span class="_ _3"/>ables; outstanding balances for chartered f<span class="_ _3"/>erries; interest r<span class="_ _2"/>eceivable, etc.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:314.529296875px;"><span style="position: absolute; display: inline-block; left: 0px; top: 0.0097656px; width: 519.574px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 52.6699px; display: inline-block;">DKK million</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 374.027px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 24.8379px; display: inline-block;">2023</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.244px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="width: 23.7949px; display: inline-block;">2022</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 22.0547px; width: 517.518px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 98.5254px; display: inline-block;">rade receivables tha</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 68.4492px; display: inline-block;">t are past due:</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 344.174px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 37.2441px; width: 517.342px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 69.9082px; display: inline-block;">Days past due:</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 445.219px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 52.4629px; width: 521.695px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 64.1895px; display: inline-block;">Up to 30 days</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 369.258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 18.0879px; display: inline-block;">465</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.0332px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 20.127px; display: inline-block;">487 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 67.6816px; width: 521.754px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 11.2324px; display: inline-block;">31</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 40.9336px; display: inline-block;">-60 days</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 382.53px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.1755px; letter-spacing: -0.1755px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 17.3555px; display: inline-block;">207</span><span style="word-spacing: 0.1755px; letter-spacing: -0.1755px; display: inline-block; margin-left: 0px; width: 52.5877px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> 91 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 82.9004px; width: 521.566px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 11.3203px; display: inline-block;">61</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 40.9512px; display: inline-block;">-90 days</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 388.196px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 11.9355px; display: inline-block;">23</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.5917px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 25 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 267.291px; width: 521.771px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 72.3691px; display: inline-block;">Realised losses</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 365.086px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 8.21484px; display: inline-block;">-2</span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 4.4707px; display: inline-block;">1</span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; width: 59.0156px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 9.61523px; display: inline-block;">-3</span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 98.1191px; width: 521.543px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 11.3438px; display: inline-block;">91</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 3.74414px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 42.0762px; display: inline-block;">120 days</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 384.919px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 11.0977px; display: inline-block;">15</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.0136px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 21 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 113.338px; width: 521.9px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 81.4277px; display: inline-block;">More than 120 da</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 10.0957px; display: inline-block;">ys</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 348.111px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.0059px; display: inline-block;">58</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0801px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 71 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 303.289px; width: 439.541px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 69.3867px; display: inline-block;">Write-downs a</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 68.9941px; display: inline-block;">t 31 December</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 301.623px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 134.117px; width: 521.309px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 119.432px; display: inline-block;">Past due at 31 December</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 313.617px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.28275px; letter-spacing: -0.28275px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 17.9238px; display: inline-block;">769</span><span style="word-spacing: 0.28275px; letter-spacing: -0.28275px; display: inline-block; margin-left: 0px; width: 45.0529px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> 696 </span></span><span style="position: absolute; display: inline-block; left: 439.541px; top: 303.289px; width: 11.959px; white-space: pre; word-spacing: 0.18525px; letter-spacing: -0.18525px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 11.959px; display: inline-block;">73</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 169.182px; width: 519.574px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 52.6699px; display: inline-block;">DKK million</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 374.027px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 24.8379px; display: inline-block;">2023</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.244px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="width: 23.7949px; display: inline-block;">2022</span></span><span style="position: absolute; display: inline-block; left: 451.5px; top: 303.289px; width: 53.8477px; white-space: pre; word-spacing: 0.18525px; letter-spacing: -0.18525px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="word-spacing: 0.18525px; letter-spacing: -0.18525px; display: inline-block; margin-left: 0px; width: 53.8477px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 191.227px; width: 517.166px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 20.0098px; display: inline-block;">Mov</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 263.701px; display: inline-block;">ements in write-downs, which are included in the trade r</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 55.1309px; display: inline-block;">eceivables:</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 177.188px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 505.348px; top: 303.289px; width: 2.0625px; white-space: pre; word-spacing: 0.28275px; letter-spacing: -0.28275px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 206.416px; width: 521.895px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 119.297px; display: inline-block;">Write-downs at 1 January</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 320.654px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.32175px; letter-spacing: -0.32175px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 11.373px; display: inline-block;">70</span><span style="word-spacing: 0.32175px; letter-spacing: -0.32175px; display: inline-block; margin-left: 0px; width: 51.5917px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> 60 </span></span><span style="position: absolute; display: inline-block; left: 507.41px; top: 303.289px; width: 11.8477px; white-space: pre; word-spacing: 0.28275px; letter-spacing: -0.28275px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 11.8477px; display: inline-block;">70</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 221.635px; width: 521.912px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 43.002px; display: inline-block;">Foreign e</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 96.3516px; display: inline-block;">xchange adjustment</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 306.551px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.8594px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 7.64648px; display: inline-block;">-1</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 236.854px; width: 521.707px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 172.576px; display: inline-block;">Addition on acquisition of enterprises</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 272.397px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.0429px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 2 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 252.072px; width: 521.414px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 59.0508px; display: inline-block;">Write-downs</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 380.49px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 11.9941px; display: inline-block;">53</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 33 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 282.51px; width: 521.59px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 63.1758px; display: inline-block;">Reversed writ</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 9.49219px; display: inline-block;">e-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 30.2988px; display: inline-block;">downs</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 333.65px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 8.21484px; display: inline-block;">-2</span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.37305px; display: inline-block;">8</span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; width: 52.0136px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 13.957px; display: inline-block;">22 </span></span></span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The last five years DFDS’ r<span class="_ _2"/>ealised credit losses on trade r<span class="_ _2"/>eceivables have been insignificant and the loss r<span class="_ _2"/>ate is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">below 0<span class="_ _2"/>.1% (2022: 0<span class="_ _3"/>.1%) of the re<span class="_ _3"/>venue in any of the r<span class="_ _2"/>espective years. The changes in payment pa<span class="_ _3"/>ttern continue to </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">be insignificant and at the same lev<span class="_ _2"/>el as previous years.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Accor<span class="_ _3"/>dingly<span class="_ _24e"/>, at year-end 2023 the e<span class="_ _3"/>xpected credit losses on tr<span class="_ _2"/>ade receivables calcula<span class="_ _3"/>ted under the simplified </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">expected cr<span class="_ _2"/>edit loss model is based on the aver<span class="_ _3"/>age historical loss ra<span class="_ _3"/>te on re<span class="_ _2"/>venue for the last five years of 0<span class="_ _2"/>.<span class="_ _3"/>0% </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(2022: 0<span class="_ _2"/>.0%) plus adjustments f<span class="_ _3"/>or forwar<span class="_ _3"/>d-looking factors wher<span class="_ _2"/>e considered relev<span class="_ _2"/>ant<span class="_ _4"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Credit e<span class="_ _3"/>xposure</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS’ credit e<span class="_ _2"/>xposure is primarily a<span class="_ _3"/>ttributable to tr<span class="_ _3"/>ade- and other receiv<span class="_ _3"/>ables and cash. The receivables incl<span class="_ _3"/>uding </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">work in pr<span class="_ _3"/>ogress services are st<span class="_ _3"/>ated in the balance sheet net of write-downs. Refer<span class="_ _2"/>ence is made to note 3.2.1 f<span class="_ _3"/>or </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">further information on write-downs on tra<span class="_ _3"/>de receiv<span class="_ _3"/>ables and work in pr<span class="_ _3"/>ogress services. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Accor<span class="_ _3"/>ding to the Group’<span class="_ _2"/>s policy of undertaking credit risks, assessments of all customers and o<span class="_ _3"/>ther partners are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">performed.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS’ credit risk to<span class="_ _3"/>war<span class="_ _3"/>ds financial counterparties primarily r<span class="_ _2"/>elates to cash on bank accounts and positive mark<span class="_ _3"/>et </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">values of deriv<span class="_ _3"/>atives. Cr<span class="_ _2"/>edit limits on financial counterparties are calculated in accor<span class="_ _3"/>dance with DFDS’ Financial </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Policy based on cr<span class="_ _2"/>edit ratings from in<span class="_ _3"/>ternational cr<span class="_ _3"/>edit rating a<span class="_ _3"/>gencies. Credit r<span class="_ _3"/>atings and r<span class="_ _3"/>esulting credit limits ar<span class="_ _2"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">monitored continuousl<span class="_ _2"/>y<span class="_ _3"/>.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> Accounting <span class="_ _4c"> </span>policies<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Receivables ar<span class="_ _3"/>e recognised a<span class="_ _3"/>t amortised cost less expected cr<span class="_ _3"/>edit losses. DFDS’ risks r<span class="_ _3"/>egarding tr<span class="_ _3"/>ade </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">receiv<span class="_ _3"/>ables are not consider<span class="_ _2"/>ed unusual and no material risk is attributable to a single customer or </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">group of customers. A<span class="_ _3"/>ccording to the Gr<span class="_ _2"/>oup’s policy of undertaking cr<span class="_ _3"/>edit risks, assessment of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">significant customers are perf<span class="_ _3"/>ormed. Write-downs on tr<span class="_ _3"/>ade receiv<span class="_ _3"/>ables are based on the simplified </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">expected cr<span class="_ _2"/>edit loss model. Credit loss allowances on individual r<span class="_ _2"/>eceivables are pr<span class="_ _3"/>ovided for when </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">objective indica<span class="_ _3"/>tions of credit losses occur such as customer bankruptc<span class="_ _2"/>y and uncer<span class="_ _4"/>tainty about the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">customers’ ability and/<span class="_ _2"/>or willingness to pay<span class="_ _2"/>, etc. In addition to this, allo<span class="_ _3"/>wances for e<span class="_ _3"/>xpected cr<span class="_ _3"/>edit </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">losses are made on the r<span class="_ _2"/>emaining trade receiv<span class="_ _2"/>ables based on a simplified approach. W<span class="_ _3"/>ork in progr<span class="_ _3"/>ess </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">services is measured based on the value o<span class="_ _3"/>f the of the work performed as of the balance sheet da<span class="_ _3"/>te. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Write-downs and r<span class="_ _3"/>ealised losses on trade r<span class="_ _2"/>eceivables and work in progr<span class="_ _2"/>ess ser<span class="_ _4"/>vices are r<span class="_ _3"/>ecognised in </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ferry and other ship opera<span class="_ _3"/>tion and maintenance costs in the income statemen<span class="_ _3"/>t. Other receivables </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">comprise other tra<span class="_ _3"/>de receiv<span class="_ _3"/>ables; insurance r<span class="_ _3"/>eceivables on loss or damage of ferries and o<span class="_ _3"/>ther ships; </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">financial lease receiv<span class="_ _3"/>ables; outstanding balances for chartered f<span class="_ _3"/>erries; interest r<span class="_ _2"/>eceivable, etc.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">3<span class="_ _3"/>.2.2 Inv<span class="_ _2"/>entories</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:84.466796875px;"><span style="position: absolute; display: inline-block; left: 0px; top: 0.0097656px; width: 519.574px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 52.6699px; display: inline-block;">DKK million</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 374.027px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 24.8379px; display: inline-block;">2023</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.244px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="width: 23.7949px; display: inline-block;">2022</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 22.0254px; width: 522px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 32.7715px; display: inline-block;">Bunker</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 402.709px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.05078px; display: inline-block;">2</span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 9.36328px; display: inline-block;">17</span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; width: 51.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 20.0273px; display: inline-block;">228 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 37.2441px; width: 521.754px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 67.5996px; display: inline-block;">Goods for sale</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 366.727px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 17.209px; display: inline-block;">129</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.5917px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 18.627px; display: inline-block;">118 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 52.4629px; width: 521.648px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 80.9766px; display: inline-block;">Write-down of inv</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 92.1211px; display: inline-block;">entories end of year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 270.393px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 1.29675px; letter-spacing: -1.29675px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.98438px; display: inline-block;">-7</span><span style="word-spacing: 1.29675px; letter-spacing: -1.29675px; display: inline-block; margin-left: 0px; width: 52.5877px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 13.957px; display: inline-block;">22 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 73.2266px; width: 521.766px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 35.3848px; display: inline-block;">otal inv</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 38.7129px; display: inline-block;">entories</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 354.058px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 18.9785px; display: inline-block;">339</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.0529px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 324 </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Write-down of inv<span class="_ _3"/>entories during the year is an income of DKK 1<span class="_ _3"/>4m (2022: expense of DKK 6m).</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> Accounting <span class="_ _4c"> </span>policies<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Bunker is measur<span class="_ _3"/>ed at cost based on the FIFO method or the net r<span class="_ _2"/>ealisable value where this is low<span class="_ _2"/>er<span class="_ _2"/>.<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Catering supplies and other in<span class="_ _3"/>ventories ar<span class="_ _3"/>e measured a<span class="_ _3"/>t cost based on the weighted a<span class="_ _3"/>vera<span class="_ _3"/>ge cost </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">method or the net r<span class="_ _3"/>ealisable value wher<span class="_ _3"/>e this is lower<span class="_ _24e"/>.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> Accounting <span class="_ _4c"> </span>policies<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Bunker is measur<span class="_ _3"/>ed at cost based on the FIFO method or the net r<span class="_ _2"/>ealisable value where this is low<span class="_ _2"/>er<span class="_ _2"/>.<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Catering supplies and other in<span class="_ _3"/>ventories ar<span class="_ _3"/>e measured a<span class="_ _3"/>t cost based on the weighted a<span class="_ _3"/>vera<span class="_ _3"/>ge cost </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">method or the net r<span class="_ _3"/>ealisable value wher<span class="_ _3"/>e this is lower<span class="_ _24e"/>.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">3<span class="_ _3"/>.2.3 <span class="_ _b8"> </span>Other pa<span class="_ _3"/>y<span class="_ _3"/>ables</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:114.919921875px;"><span style="position: absolute; display: inline-block; left: 0px; top: 0.0097656px; width: 519.574px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 52.6699px; display: inline-block;">DKK million</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 374.027px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 24.8379px; display: inline-block;">2023</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.244px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="width: 23.7949px; display: inline-block;">2022</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 22.0254px; width: 521.619px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 50.8125px; display: inline-block;">Holiday pa</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 82.7988px; display: inline-block;">y obligations, etc,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 300.27px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 17.8066px; display: inline-block;">542</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.0332px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 20.3613px; display: inline-block;">483 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 37.2441px; width: 521.877px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 93.2695px; display: inline-block;">Public authorities (V</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 6.70898px; display: inline-block;">A</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.95898px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 25.8398px; display: inline-block;">, duty</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 26.2793px; display: inline-block;">, etc.)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 285.633px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.2145px; letter-spacing: -0.2145px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 11.4785px; display: inline-block;">78</span><span style="word-spacing: 0.2145px; letter-spacing: -0.2145px; display: inline-block; margin-left: 0px; width: 52.5877px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> 61 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 52.4629px; width: 521.713px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 17.9238px; display: inline-block;">Pay</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 165.82px; display: inline-block;">ables to associates and joint ventur</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 10.7402px; display: inline-block;">es</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 252.223px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.07031px; display: inline-block;">3</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.5877px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 12 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 67.6816px; width: 521.543px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 46.3066px; display: inline-block;">Other pay</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 26.0156px; display: inline-block;">ables</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 361.875px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 17.8066px; display: inline-block;">254</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.4727px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 19.5293px; display: inline-block;">188 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 82.9004px; width: 521.777px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 62.7832px; display: inline-block;">Accrued inter</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.418px; display: inline-block;">ests</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 358.377px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.078px; letter-spacing: -0.078px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 11.5488px; display: inline-block;">27</span><span style="word-spacing: 0.078px; letter-spacing: -0.078px; display: inline-block; margin-left: 0px; width: 51.5917px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="word-spacing: 0.195px; letter-spacing: -0.195px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 4.42969px; display: inline-block;"> </span>24</span><span style="word-spacing: 0.195px; letter-spacing: -0.195px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 103.68px; width: 521.566px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 66.8496px; display: inline-block;">otal other pay</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 26.5605px; display: inline-block;">ables</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 334.734px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 19.084px; display: inline-block;">904</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.6154px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 7</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 14.7363px; display: inline-block;">68 </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> Accounting <span class="_ _4c"> </span>policies<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Other pay<span class="_ _3"/>ables comprise amounts owed to st<span class="_ _3"/>aff<span class="_ _2"/>, including wages and salaries, holiday pa<span class="_ _2"/>y, salary/</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">wages r<span class="_ _2"/>elated items, etc. amounts ow<span class="_ _2"/>ed to the public authorities, V<span class="_ _3"/>A<span class="_ _2"/>T<span class="_ _24e"/>, ex<span class="_ _3"/>cise duties, real pr<span class="_ _3"/>operty </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">taxes et<span class="_ _3"/>c.; amounts ow<span class="_ _3"/>ed in connection with the purchase/<span class="_ _24e"/>disposal of ferries and other ships, buildings </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and terminals; accrued inter<span class="_ _3"/>est expenses; pa<span class="_ _3"/>yables to associa<span class="_ _3"/>tes and joint ventur<span class="_ _3"/>es; amounts ow<span class="_ _3"/>ed in </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">rela<span class="_ _3"/>tion to defined contribution pension plans etc.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> Accounting <span class="_ _4c"> </span>policies<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Other pay<span class="_ _3"/>ables comprise amounts owed to st<span class="_ _3"/>aff<span class="_ _2"/>, including wages and salaries, holiday pa<span class="_ _2"/>y, salary/</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">wages r<span class="_ _2"/>elated items, etc. amounts ow<span class="_ _2"/>ed to the public authorities, V<span class="_ _3"/>A<span class="_ _2"/>T<span class="_ _24e"/>, ex<span class="_ _3"/>cise duties, real pr<span class="_ _3"/>operty </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">taxes et<span class="_ _3"/>c.; amounts ow<span class="_ _3"/>ed in connection with the purchase/<span class="_ _24e"/>disposal of ferries and other ships, buildings </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and terminals; accrued inter<span class="_ _3"/>est expenses; pa<span class="_ _3"/>yables to associa<span class="_ _3"/>tes and joint ventur<span class="_ _3"/>es; amounts ow<span class="_ _3"/>ed in </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">rela<span class="_ _3"/>tion to defined contribution pension plans etc.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">3<span class="_ _3"/>.2.<span class="_ _3"/>5 <span class="_ _9f"> </span>Other provisions</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:213.873046875px;"><span style="position: absolute; display: inline-block; left: 0px; top: 0.0097656px; width: 519.574px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 52.6699px; display: inline-block;">DKK million</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 374.027px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 24.8379px; display: inline-block;">2023</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.244px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="width: 23.7949px; display: inline-block;">2022</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 22.0254px; width: 521.543px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 44.3086px; display: inline-block;">Other pro</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 91.6992px; display: inline-block;">visions at 1 January</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 303.885px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.3281px; display: inline-block;">96</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.5917px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 9.36328px; display: inline-block;">17</span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.25px; display: inline-block;">3</span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 37.2441px; width: 521.965px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 43.002px; display: inline-block;">Foreign e</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 101.344px; display: inline-block;">xchange adjustments</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 302.625px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 5.16797px; display: inline-block;">1</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.8594px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 7.64648px; display: inline-block;">-1</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 52.4629px; width: 521.543px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 48.2344px; display: inline-block;">Addition fr</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 134.555px; display: inline-block;">om acquisition of enterprises</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 258.938px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 9.36328px; display: inline-block;">17</span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; width: 58.4415px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> 7 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 67.6816px; width: 521.537px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 15.9258px; display: inline-block;">Pro</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 133.283px; display: inline-block;">visions made during the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 290.918px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.1816px; display: inline-block;">49</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.0136px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 21 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 82.9004px; width: 521.555px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 96.1875px; display: inline-block;">Used during the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 342.404px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 12.2871px; display: inline-block;">-17</span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; width: 52.0136px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="word-spacing: 1.29675px; letter-spacing: -1.29675px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span>-7</span><span style="word-spacing: 1.29675px; letter-spacing: -1.29675px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 4.88672px; display: inline-block;">0</span><span style="word-spacing: 1.29675px; letter-spacing: -1.29675px; display: inline-block; margin-left: 0px; width: 1.38867px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 98.1191px; width: 521.947px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 100.887px; display: inline-block;">Reversal of unused pr</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 37.3535px; display: inline-block;">ovisions</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 299.889px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 7.64648px; display: inline-block;">-1</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.23828px; display: inline-block;">2</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 51.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> -33 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 118.883px; width: 521.484px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 86.2617px; display: inline-block;">Other provisions a</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 68.9941px; display: inline-block;">t 31 December</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 279.006px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 18.1465px; display: inline-block;">134</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0801px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 96 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 139.633px; width: 517.523px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 90.0938px; display: inline-block;">Other provisions ar</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 37.0605px; display: inline-block;">e expec</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 61.8984px; display: inline-block;">ted to be pay</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 34.9395px; display: inline-block;">able in:</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 292.857px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 154.822px; width: 521.566px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 9.92578px; display: inline-block;">0-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 28.2188px; display: inline-block;">1 year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 397.856px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 16.4004px; display: inline-block;">113</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.5917px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 52 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 170.041px; width: 521.812px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.16797px; display: inline-block;">1</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 37.7168px; display: inline-block;">-5 years</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 398.531px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 11.0391px; display: inline-block;">12</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.5917px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 35 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 185.26px; width: 521.713px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 38.5723px; display: inline-block;">After 5 y</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.7305px; display: inline-block;">ears</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 381.304px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 11.1562px; display: inline-block;">10</span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> 9 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 202.633px; width: 521.484px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 86.2617px; display: inline-block;">Other provisions a</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 68.9941px; display: inline-block;">t 31 December</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 279.006px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 18.1465px; display: inline-block;">134</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0801px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 96 </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Of the Group’<span class="_ _2"/>s provision of DKK 134m (2022: DKK 96m), DKK 38m (2022: DKK 31m) is estimat<span class="_ _3"/>ed net present v<span class="_ _3"/>alue of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">earn-out agreements r<span class="_ _3"/>egarding acquisitions; DKK 30m (2022: DKK 20m) is r<span class="_ _2"/>edelivery provision on leases; DKK 11m </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(2022: DKK 12m) is restructuring pr<span class="_ _2"/>ovision; DKK 15m (2022: DKK 0m) is related t<span class="_ _3"/>o investments in associa<span class="_ _3"/>tes/joint </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ventur<span class="_ _3"/>es; and DKK 40m (2022: DKK 33m) is other pro<span class="_ _3"/>visions.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> Accounting <span class="_ _4c"> </span>policies<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Pro<span class="_ _3"/>visions are r<span class="_ _3"/>ecognised when, due to an ev<span class="_ _3"/>ent occurring on or before the r<span class="_ _2"/>epor<span class="_ _4"/>ting date, the Gr<span class="_ _2"/>oup<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">has a legal or constructive obliga<span class="_ _3"/>tion, and it is probable that the Gr<span class="_ _2"/>oup will have to give up futur<span class="_ _2"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">economic benefits to meet the obligation and tha<span class="_ _3"/>t the obligation can be r<span class="_ _3"/>eliably estima<span class="_ _3"/>ted. Pro<span class="_ _3"/>visions </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are r<span class="_ _2"/>ecognised based on Management<span class="_ _4"/>’s best estima<span class="_ _3"/>te of the anticipated e<span class="_ _2"/>xpenditure for settling the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">rele<span class="_ _3"/>vant obligation and ar<span class="_ _2"/>e discounted if deemed material.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> Accounting <span class="_ _4c"> </span>policies<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Pro<span class="_ _3"/>visions are r<span class="_ _3"/>ecognised when, due to an ev<span class="_ _3"/>ent occurring on or before the r<span class="_ _2"/>epor<span class="_ _4"/>ting date, the Gr<span class="_ _2"/>oup<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">has a legal or constructive obliga<span class="_ _3"/>tion, and it is probable that the Gr<span class="_ _2"/>oup will have to give up futur<span class="_ _2"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">economic benefits to meet the obligation and tha<span class="_ _3"/>t the obligation can be r<span class="_ _3"/>eliably estima<span class="_ _3"/>ted. Pro<span class="_ _3"/>visions </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are r<span class="_ _2"/>ecognised based on Management<span class="_ _4"/>’s best estima<span class="_ _3"/>te of the anticipated e<span class="_ _2"/>xpenditure for settling the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">rele<span class="_ _3"/>vant obligation and ar<span class="_ _2"/>e discounted if deemed material.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">4.1 <span class="_ _50"> </span>Financial and opera<span class="_ _3"/>tional risks</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS’ risk management policy</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS’ risk management policy is go<span class="_ _3"/>verned by the DFDS Financial P<span class="_ _3"/>olicy<span class="_ _2"/>, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">which is appro<span class="_ _3"/>ved by the Boar<span class="_ _2"/>d of Directors on an annual basis. The </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">financial Policy sets out policies, t<span class="_ _3"/>argets, and str<span class="_ _2"/>ategies for the financial </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">risk management of DFDS. Deriva<span class="_ _3"/>tives ar<span class="_ _3"/>e in place to minimise potential </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">adverse eff<span class="_ _3"/>ects on the Group’<span class="_ _2"/>s financial performance. DFDS only uses </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">derivativ<span class="_ _2"/>es for hedging against commercial exposur<span class="_ _2"/>es, not for speculative </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">trading. The most important financial risk f<span class="_ _3"/>actors ar<span class="_ _3"/>e 1) bunker price risk, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2) interest r<span class="_ _2"/>ate risk, 3) currency e<span class="_ _2"/>xchange risk, 4) liquidity risks and 5) cr<span class="_ _3"/>edit </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">exposur<span class="_ _2"/>e.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Bunker price risk</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The fluctuations in the bunk<span class="_ _2"/>er price which is denominated in USD </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">constitute a significant risk for DFDS.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In the freight industry it is customary to pass thr<span class="_ _3"/>ough the risk of <span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">f <span class="_ _26"/>luctuations in the bunk<span class="_ _3"/>er price and the corresponding curr<span class="_ _2"/>ency </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ex<span class="_ _2"/>change rate risk to fr<span class="_ _3"/>eight customers via a bunker adjustment f<span class="_ _3"/>actor </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(BAF). In the passenger industry<span class="_ _2"/>, f <span class="_ _26"/>luctuations in the cost of bunker ar<span class="_ _2"/>e<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">reflect<span class="_ _3"/>ed in the ticket price to the e<span class="_ _3"/>xtent possible.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">T<span class="_ _24e"/>o reduce exposur<span class="_ _2"/>e to bunker and currency risk, appr<span class="_ _2"/>oximatel<span class="_ _2"/>y 93% (93%<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in 2022) of DFDS’ consumption was co<span class="_ _3"/>ver<span class="_ _3"/>ed by BAF agr<span class="_ _2"/>eements.<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">As the BAF is based on low sulphur fuel prices while some f<span class="_ _3"/>erries have </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">scrubbers installed, and thus use high sulphur fuels, the Group is subject </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to a sprea<span class="_ _3"/>d risk between these fuel types.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The risk in rela<span class="_ _3"/>tion to the spread be<span class="_ _3"/>tween high sulphur and low sulphur </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">fuel is partly hedged using commodity sw<span class="_ _2"/>aps. In accordance with the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS Financial Policy<span class="_ _24e"/>, the net bunker exposur<span class="_ _2"/>e may be financially </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">hedged up to six quarters ahead.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Interest ra<span class="_ _2"/>te risk</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS is primarily e<span class="_ _2"/>xposed to interest ra<span class="_ _2"/>te risk through funding. According </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to DFDS’ Financial Policy the int<span class="_ _3"/>erest r<span class="_ _3"/>ate on mor<span class="_ _3"/>e than 40% of the loan </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">portfolio including long-<span class="_ _3"/>term charter agreements must be fix<span class="_ _2"/>ed with a<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">weighted a<span class="_ _3"/>ver<span class="_ _3"/>age dura<span class="_ _3"/>tion of 9-36 months. DFDS enters into int<span class="_ _3"/>erest r<span class="_ _3"/>ate </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">swaps and caps to compl<span class="_ _2"/>y with this policy<span class="_ _2"/>. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The total net inter<span class="_ _2"/>est-bearing debt (<span class="_ _4"/>including fair val<span class="_ _3"/>ues of derivativ<span class="_ _3"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">financial instruments rela<span class="_ _3"/>ted to inter<span class="_ _3"/>est-bearing ac<span class="_ _3"/>tivities) amounts to </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DKK 14,<span class="_ _2"/>689m at year end 2023 (2022: DKK 14,109m). The Gr<span class="_ _2"/>oup’s total </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">interest<span class="_ _2"/>-bearing debt primarily consists of partl<span class="_ _3"/>y secured cr<span class="_ _3"/>edit facilities, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">unsecured corpor<span class="_ _2"/>ate bonds and mortgages with security in ferries and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">other ships. The debt portfolio had an a<span class="_ _2"/>verage time to ma<span class="_ _3"/>turity of 4.<span class="_ _3"/>0 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">years (2022: 4.<span class="_ _24e"/>7 years). </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In accordance with the financial P<span class="_ _3"/>olicy<span class="_ _2"/>, interest r<span class="_ _2"/>ate swaps and caps with </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">a principal amount of DKK 4,222m (2022: DKK 3<span class="_ _3"/>,<span class="_ _24e"/>790m) have been </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">established to reduce in<span class="_ _3"/>terest r<span class="_ _3"/>ate risk. The shar<span class="_ _3"/>e of fixed-r<span class="_ _2"/>ate debt </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">including inter<span class="_ _3"/>est rat<span class="_ _3"/>e derivativ<span class="_ _3"/>es was 48% at y<span class="_ _2"/>ear-end 2023 (2022: 41%). </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Including long term charter agr<span class="_ _3"/>eements, the share of fix<span class="_ _3"/>ed-ra<span class="_ _3"/>te debt is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">56% (2022: 45%). The dura<span class="_ _3"/>tion of the Group’<span class="_ _2"/>s debt portfolio (<span class="_ _4"/>including </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">charter liabilities) was 1.<span class="_ _24e"/>7 years (2022: 1.<span class="_ _3"/>4 years).</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">An increase in the inter<span class="_ _2"/>est rate of 1%-point compar<span class="_ _3"/>ed to the actual </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">interest r<span class="_ _2"/>ates in 2023 would hav<span class="_ _3"/>e increased net in<span class="_ _3"/>terest pa<span class="_ _3"/>yments incl. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">hedging by DKK 67m for the Gr<span class="_ _2"/>oup all else equal (2022: DKK 54m). A<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">decrease in the inter<span class="_ _2"/>est rates of 1%-point w<span class="_ _3"/>ould have r<span class="_ _2"/>educed the net </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">interest pa<span class="_ _2"/>yment by DKK 67m in 2023 (2022: DKK 19m).</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">An increase in the inter<span class="_ _2"/>est rate of 1%-point compar<span class="_ _3"/>ed to the actual </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">interest r<span class="_ _2"/>ate at balance sheet dat<span class="_ _3"/>e would hav<span class="_ _3"/>e had a positive eff<span class="_ _3"/>ect on </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the Group’<span class="_ _2"/>s equity reserve for hedging of DKK 130m all else equal (2022: </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DKK 93m). A decrease w<span class="_ _3"/>ould have ha<span class="_ _3"/>d a negative eff<span class="_ _3"/>ect of DKK 134m </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(2022: DKK 94m).</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Currency e<span class="_ _2"/>xchange risk</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Currenc<span class="_ _3"/>y ex<span class="_ _3"/>change risk is monitored continuousl<span class="_ _2"/>y and activel<span class="_ _2"/>y hedged to<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">reduce e<span class="_ _2"/>xposure using forward e<span class="_ _2"/>xchange contrac<span class="_ _3"/>ts and currency s<span class="_ _2"/>waps. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Accor<span class="_ _3"/>ding to DFDS’ Financial Policy<span class="_ _24e"/>, DFDS can hedge balance exposure, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">expected cash flo<span class="_ _2"/>ws from opera<span class="_ _3"/>tions up to four quarters ahead, and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">cash flows fr<span class="_ _2"/>om off-balance sheet contra<span class="_ _3"/>ctual commitments </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Appro<span class="_ _2"/>ximately 92% of DFDS’ r<span class="_ _3"/>evenues in 2023 w<span class="_ _2"/>ere invoiced in for<span class="_ _2"/>eign<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">currencies (2022: 91%) with the most substantial r<span class="_ _2"/>evenue genera<span class="_ _3"/>ted in </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">EUR which accounted for 60% of to<span class="_ _3"/>tal re<span class="_ _3"/>venue (2022: 68%). </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Apart from DKK and EUR, rev<span class="_ _2"/>enue is mainly genera<span class="_ _3"/>ted in SEK, GBP<span class="_ _26"/>, and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">NOK. Howe<span class="_ _2"/>ver<span class="_ _2"/>, SEK, GBP and NOK risks are to a lar<span class="_ _2"/>ge extent offset by </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">costs. USD risk primarily comes fr<span class="_ _2"/>om future bunker consumption and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">charter agreements. EUR is consider<span class="_ _2"/>ed a minor risk due to Denmark’s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">fixed e<span class="_ _2"/>xchange rate polic<span class="_ _2"/>y towards EUR. USD risk is r<span class="_ _3"/>educed by the BAF </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">mechanism as described above<span class="_ _3"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The opera<span class="_ _3"/>tional currenc<span class="_ _3"/>y cash flow is defined as the Group’<span class="_ _2"/>s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">consolidated net curr<span class="_ _2"/>ency cash flows from r<span class="_ _2"/>evenues and opera<span class="_ _2"/>tional<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">costs. The table on the following pa<span class="_ _3"/>ge shows the impac<span class="_ _3"/>t on the Group’<span class="_ _2"/>s<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">opera<span class="_ _3"/>ting profit befor<span class="_ _2"/>e depreciation and amortisation (EBITD<span class="_ _3"/>A) from </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">changes in the foreign e<span class="_ _2"/>xchange ra<span class="_ _3"/>te.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Operational curr<span class="_ _3"/>ency cash flo<span class="_ _3"/>w risk<span class="_ _2a2"> </span> <span class="_ _10c"> </span> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DKK million<span class="_ _23d"> </span><span class="ff2">2023<span class="_ _8f"> </span></span>2022</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">SEK, income statement eff<span class="_ _3"/>ect, 10% strengthening<span class="_ _239"> </span><span class="ls1d ws20">17<span class="_ _10e"> </span></span> 61 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">NOK, income statement eff<span class="_ _3"/>ect, 10% strengthening<span class="_ _17e"> </span>12<span class="_ _e5"> </span> 42 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">GBP<span class="_ _26"/>, income statement effect, 10% str<span class="_ _2"/>engthening<span class="_ _298"> </span>21<span class="_ _e5"> </span> 45 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">TRY<span class="_ _26"/>, income statement effect, 10% str<span class="_ _3"/>engthening<span class="_ _41"> </span><span class="ls22 ws25">-1<span class="_ _4"/>3<span class="_ _ed"> </span></span> -35 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">USD<span class="_ _3"/>, income statement eff<span class="_ _3"/>ect, 10% strengthening<span class="_ _f6"> </span><span class="ls21 ws24">-2<span class="_ _4d"/>1<span class="_ _e5"> </span> -2<span class="_ _4d"/>7<span class="_ _4"/> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Group’<span class="_ _2"/>s most significant currency balance positions ar<span class="_ _3"/>e in EUR, SEK, GBP<span class="_ _24e"/>, NOK, TRY<span class="_ _24e"/>, and USD rela<span class="_ _3"/>ting to debt, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">trade pa<span class="_ _2"/>yables and trade r<span class="_ _3"/>eceivables. All else equal a str<span class="_ _3"/>engthening of SEK, GBP<span class="_ _26"/>, NOK, TRY<span class="_ _24e"/>, and USD against DKK </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">at balance sheet da<span class="_ _3"/>te would hav<span class="_ _2"/>e increased/<span class="_ _2"/>decreased balance sheet items by the amounts pr<span class="_ _2"/>esented below<span class="_ _2"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Currency bal<span class="_ _3"/>ance risk<span class="_ _2a5"> </span> <span class="_ _10c"> </span> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DKK million<span class="_ _23d"> </span><span class="ff2">2023<span class="_ _8f"> </span></span>2022</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">SEK, equity and income statement eff<span class="_ _3"/>ect, 10% strengthening<span class="_ _16f"> </span><span class="ls22 ws25">-1<span class="_ _eb"> </span></span> 2 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">GBP<span class="_ _26"/>, equity and income statement effect, 10% str<span class="_ _2"/>engthening<span class="_ _12"> </span>3<span class="_ _e6"> </span> 2 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">NOK, equity and income statement eff<span class="_ _3"/>ect, 10% strengthening<span class="_ _16f"> </span>1<span class="_ _eb"> </span> 1 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">TRY<span class="_ _26"/>, equity and income statement effect, 10% str<span class="_ _3"/>engthening<span class="_ _204"> </span>0<span class="_ _14d"> </span><span class="ls1e ws21">-7<span class="_ _4c"> </span> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">USD<span class="_ _3"/>, equity and income statement eff<span class="_ _3"/>ect, 10% strengthening<span class="_ _4f"> </span>-6<span class="_ _e6"> </span><span class="ls1a ws1d">-3<span class="_ _4"/> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">1</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">USD<span class="_ _3"/>, equity effect, 10% str<span class="_ _3"/>engthening </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"><span><span style="display:inherit;clear:left;">0<span class="_ _59"> </span> 0</span></span> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Liquidity risks</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS Financial Policy is to secur<span class="_ _2"/>e adequate liquidity to meet financial and oper<span class="_ _3"/>ational payment obliga<span class="_ _2"/>tions by </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">maintaining a minimum of 1.2x cash sources o<span class="_ _2"/>ver cash uses for the next 12 months. The y<span class="_ _3"/>ear-end sum of total cash </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and undra<span class="_ _3"/>wn committed fa<span class="_ _3"/>cilities was DKK 3<span class="_ _3"/>,<span class="_ _3"/>509m (2022: DKK 2,<span class="_ _3"/>911m), of which undra<span class="_ _3"/>wn committed facilities </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">amounts to DKK 2,<span class="_ _24e"/>772m (2022: DKK 1,<span class="_ _2"/>722m). </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS’ contra<span class="_ _3"/>ctual maturities of financial instruments, including estima<span class="_ _3"/>ted interest pa<span class="_ _2"/>yments, are stated in the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">table below:</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:440.935546875px;"><span style="position: absolute; display: inline-block; left: 0px; top: 0.0097656px; width: 519.574px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 52.6699px; display: inline-block;">DKK million</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 271.459px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6406px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6406px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 24.8379px; display: inline-block;">2023</span></span></span><span style="position: absolute; display: inline-block; left: 487.5px; top: 19.9297px; width: 34.418px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 34.418px; display: inline-block;">After 5 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 33.4297px; width: 455.836px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 287.889px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 10.0957px; display: inline-block;">0-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 29.2617px; display: inline-block;">1 year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 19.7285px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 23.1621px; display: inline-block;">1-3 y</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 21.1992px; display: inline-block;">ears</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 19.2304px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 44.9414px; display: inline-block;">3-5 years</span></span><span style="position: absolute; display: inline-block; left: 492.406px; top: 33.4297px; width: 26.7656px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 26.7656px; display: inline-block;">years</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 55.4453px; width: 148.518px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 65.502px; display: inline-block;">Non-derivativ</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 11.3789px; display: inline-block;">e f</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 72.1113px; display: inline-block;">inancial assets</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 70.6348px; width: 519.545px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 24.5508px; display: inline-block;">Cash</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 286.6px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.22425px; letter-spacing: -0.22425px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 17.0566px; display: inline-block;">737</span><span style="word-spacing: 0.22425px; letter-spacing: -0.22425px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 85.8535px; width: 519.492px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.95898px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 52.4121px; display: inline-block;">rade receiv</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 133.371px; display: inline-block;">ables including work in progr</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 56.2324px; display: inline-block;">ess services</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.96525px; letter-spacing: -0.96525px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.10352px; display: inline-block;">3</span><span style="word-spacing: 0.96525px; letter-spacing: -0.96525px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 6.79688px; display: inline-block;">,7</span><span style="word-spacing: 0.96525px; letter-spacing: -0.96525px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 4.96289px; display: inline-block;">5</span><span style="word-spacing: 0.96525px; letter-spacing: -0.96525px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.10938px; display: inline-block;">8</span><span style="word-spacing: 0.96525px; letter-spacing: -0.96525px; display: inline-block; margin-left: 0px; width: 58.4415px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 101.072px; width: 519.369px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 66.6035px; display: inline-block;">Receivables fr</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 118.318px; display: inline-block;">om associates and joint v</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 35.2793px; display: inline-block;">entures</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 96.6154px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.1406px; display: inline-block;">38</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 116.291px; width: 519.258px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 56.9648px; display: inline-block;">Other receiv</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 115.6px; display: inline-block;">ables and current assets</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 137.455px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 18.3691px; display: inline-block;">663</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.0156px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 5.16797px; display: inline-block;">1</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.1875px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 132.055px; width: 126.469px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 31.4062px; display: inline-block;">Deriva</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 95.5254px; display: inline-block;">tive financial assets</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 147.244px; width: 519.188px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 86.707px; display: inline-block;">Commodity swaps</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 230.32px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 11.2324px; display: inline-block;">13</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.1875px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 162.463px; width: 519.029px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 42.9785px; display: inline-block;">Interest s</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 59.6719px; display: inline-block;">waps &amp; caps</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 219.838px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.5917px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 11.9355px; display: inline-block;">23</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 10.3359px; display: inline-block;">11</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.0136px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.2145px; letter-spacing: -0.2145px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 11.4785px; display: inline-block;">78</span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 177.682px; width: 519.205px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 47.8535px; display: inline-block;">Cross curr</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 65.8535px; display: inline-block;">ency interest r</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 30.5566px; display: inline-block;">ate sw</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 17.543px; display: inline-block;">aps</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 161.982px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.0429px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 5.83594px; display: inline-block;">7</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.1875px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 192.9px; width: 519.135px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 32.6191px; display: inline-block;">Forwar</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.3301px; display: inline-block;">d ex</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 74.4258px; display: inline-block;">change contrac</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 67.2949px; display: inline-block;">ts and currenc</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 37.377px; display: inline-block;">y swaps</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 93.4511px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 5.83594px; display: inline-block;">7</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0801px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 10.3359px; display: inline-block;">11</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 10.3359px; display: inline-block;">11</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.5877px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.16575px; letter-spacing: -0.16575px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 10.8457px; display: inline-block;">14</span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 213.664px; width: 519.275px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 96.9844px; display: inline-block;">otal financial assets</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 199.26px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 27.0586px; display: inline-block;">5,216</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.1054px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.3926px; display: inline-block;">42</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.5917px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.1523px; display: inline-block;">22</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.1054px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.4512px; display: inline-block;">92</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 235.68px; width: 160.939px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 65.502px; display: inline-block;">Non-derivativ</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 11.3789px; display: inline-block;">e f</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 84.5332px; display: inline-block;">inancial liabilities</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 250.869px; width: 519.598px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 240.445px; display: inline-block;">Bank loans and mortgage on ferries and other ships</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.0156px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 29.1562px; display: inline-block;">-1,194</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 33.0469px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.709px; display: inline-block;">-3,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.3105px; display: inline-block;">303</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.0547px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 29.625px; display: inline-block;">-3,106</span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; width: 35.4199px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 16.9805px; display: inline-block;">-1,1</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 12.1641px; display: inline-block;">46</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 266.088px; width: 519.369px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 69.7617px; display: inline-block;">Issued corpora</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 40.5645px; display: inline-block;">te bonds</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 197.221px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 20.9824px; display: inline-block;">-341</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.244px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 1.29675px; letter-spacing: -1.29675px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.98438px; display: inline-block;">-7</span><span style="word-spacing: 1.29675px; letter-spacing: -1.29675px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 4.71094px; display: inline-block;">4</span><span style="word-spacing: 1.29675px; letter-spacing: -1.29675px; display: inline-block; margin-left: 0px; width: 1.38867px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="width: 4.78125px; display: inline-block;">8</span><span style="word-spacing: 1.29675px; letter-spacing: -1.29675px; display: inline-block; margin-left: 0px; width: 43.3534px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 21.668px; display: inline-block;">-355</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 281.307px; width: 519.668px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 144.428px; display: inline-block;">Lease liabilities (undiscounted)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 156.522px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 3.74414px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 24.4629px; display: inline-block;">1,311</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.6641px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 3.74414px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 26.4727px; display: inline-block;">2,427</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.6641px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 3.74414px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 26.25px; display: inline-block;">1,449</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.6641px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 3.74414px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 26.0332px; display: inline-block;">1,952</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 296.525px; width: 519.375px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.95898px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 41.7539px; display: inline-block;">rade pay</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 26.0156px; display: inline-block;">ables</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 226.852px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.709px; display: inline-block;">-3,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 17.3262px; display: inline-block;">461</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.8477px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 9.92578px; display: inline-block;">-0</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 311.744px; width: 519.504px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 17.9238px; display: inline-block;">Pay</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 165.82px; display: inline-block;">ables to associates and joint ventur</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 10.7402px; display: inline-block;">es</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 125.397px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 9.61523px; display: inline-block;">-3</span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 326.963px; width: 519.27px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 46.3066px; display: inline-block;">Other pay</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 26.0156px; display: inline-block;">ables</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 235.389px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 3.74414px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 17.8066px; display: inline-block;">254</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 342.211px; width: 138.891px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 31.4062px; display: inline-block;">Deriva</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 107.947px; display: inline-block;">tive financial liabilities</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 357.416px; width: 377.52px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 42.9785px; display: inline-block;">Interest s</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 59.6719px; display: inline-block;">waps &amp; caps</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 219.838px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.3125px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="position: absolute; display: inline-block; left: 377.52px; top: 357.416px; width: 135.656px; white-space: pre; word-spacing: 0.63375px; letter-spacing: -0.63375px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 7.64648px; display: inline-block;">-1</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.23828px; display: inline-block;">2</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 48.498px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 15.7031px; display: inline-block;">-30</span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span></span><span style="position: absolute; display: inline-block; left: 513.176px; top: 357.416px; width: 6.18164px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.18164px; display: inline-block;">0</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 372.635px; width: 519.275px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 47.8535px; display: inline-block;">Cross curr</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 65.8535px; display: inline-block;">ency interest r</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 30.5566px; display: inline-block;">ate sw</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 17.543px; display: inline-block;">aps</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 152.789px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 15.5273px; display: inline-block;">-34</span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; width: 57.1875px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.7051px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 7.64648px; display: inline-block;">-1</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 58.0429px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 6.18164px; display: inline-block;">0</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 387.854px; width: 519.287px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 32.6191px; display: inline-block;">Forwar</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.3301px; display: inline-block;">d ex</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 74.4258px; display: inline-block;">change contrac</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 67.2949px; display: inline-block;">ts and currenc</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 37.377px; display: inline-block;">y swaps</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 84.8261px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 7.64648px; display: inline-block;">-1</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.44336px; display: inline-block;">8</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 58.0429px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 408.961px; width: 519.246px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 109.406px; display: inline-block;">otal financial liabilities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 183.041px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 13.0488px; display: inline-block;">-6,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.0117px; display: inline-block;">615</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.9102px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 32.127px; display: inline-block;">-6,490</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 32.291px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 31.2246px; display: inline-block;">-4,941</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 32.291px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.9785px; display: inline-block;">-3,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.0723px; display: inline-block;">098</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 429.695px; width: 519.557px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.2891px; display: inline-block;">otal</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 272.865px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 31.2598px; display: inline-block;">-1,399</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.9102px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 13.0488px; display: inline-block;">-6,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.9492px; display: inline-block;">448</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 32.6719px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 31.2832px; display: inline-block;">-4,919</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.9102px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.9785px; display: inline-block;">-3,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.1426px; display: inline-block;">006</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">1 <span class="_ _3a"> </span>Change in fair value of FX </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">forwar<span class="_ _3"/>ds rela<span class="_ _3"/>ted to commit<span class="ls0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ted investments and futur<span class="_ _2"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">bunker consumption onl<span class="_ _2"/>y <span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">affects equity<span class="_ _24e"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">4.1 <span class="_ _50"> </span>Financial and opera<span class="_ _3"/>tional risks<span class="ff3"> (<span class="_ _24e"/>continued)</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:424.873046875px;"><span style="position: absolute; display: inline-block; left: 0px; top: 0.0097656px; width: 519.498px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 52.6699px; display: inline-block;">DKK million</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 271.459px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6406px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6406px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.1054px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="width: 23.7949px; display: inline-block;">2022</span></span><span style="position: absolute; display: inline-block; left: 487.453px; top: 19.9297px; width: 34.418px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 34.418px; display: inline-block;">After 5 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 33.4297px; width: 455.836px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 287.889px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 10.0957px; display: inline-block;">0-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 29.2617px; display: inline-block;">1 year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 19.7285px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 23.1621px; display: inline-block;">1-3 y</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 21.1992px; display: inline-block;">ears</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 19.2304px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 44.9414px; display: inline-block;">3-5 years</span></span><span style="position: absolute; display: inline-block; left: 493.469px; top: 33.4297px; width: 26.7656px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 26.7656px; display: inline-block;">years</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 55.4453px; width: 517.213px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 65.502px; display: inline-block;">Non-derivativ</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 11.3789px; display: inline-block;">e f</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 72.1113px; display: inline-block;">inancial assets</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 175.523px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6406px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6406px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6406px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 70.6348px; width: 521.666px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 24.5508px; display: inline-block;">Cash</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 278.279px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 27.6914px; display: inline-block;">1,189 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 85.8535px; width: 521.953px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.95898px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 52.4121px; display: inline-block;">rade receiv</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 133.371px; display: inline-block;">ables including work in progr</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 56.2324px; display: inline-block;">ess services</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0977px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 29.3086px; display: inline-block;">3,343 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 101.072px; width: 521.807px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 66.6035px; display: inline-block;">Receivables fr</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 118.318px; display: inline-block;">om associates and joint v</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 35.2793px; display: inline-block;">entures</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 94.6346px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 23 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.7051px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 116.291px; width: 521.643px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 56.9648px; display: inline-block;">Other receiv</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 115.6px; display: inline-block;">ables and current assets</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 133.084px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 649 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.498px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span>16 </span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 131.539px; width: 517.33px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 31.4062px; display: inline-block;">Deriva</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 95.5254px; display: inline-block;">tive financial assets</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 197.69px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6406px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6406px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6406px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 146.729px; width: 521.531px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 86.707px; display: inline-block;">Commodity swaps</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 227.707px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.078px; letter-spacing: -0.078px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span>27 </span><span style="word-spacing: 0.078px; letter-spacing: -0.078px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 161.947px; width: 521.613px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 42.9785px; display: inline-block;">Interest s</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 59.6719px; display: inline-block;">waps &amp; caps</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 213.768px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span>17</span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; width: 46.4179px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 10.3359px; display: inline-block;">11</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 8.04492px; display: inline-block;">7 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.0529px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 46 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.3125px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 14.373px; display: inline-block;">64 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 177.182px; width: 521.848px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 32.6191px; display: inline-block;">Forwar</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.3301px; display: inline-block;">d ex</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 74.4258px; display: inline-block;">change contrac</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 67.2949px; display: inline-block;">ts and currenc</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 37.377px; display: inline-block;">y swaps</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 93.0761px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.2207px; display: inline-block;">4 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.498px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 71 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 197.945px; width: 519.381px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 96.9844px; display: inline-block;">otal financial assets</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 199.26px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.11719px; display: inline-block;">5</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 21.2402px; display: inline-block;">,252</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.996px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 18.1289px; display: inline-block;">133</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.1054px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.6855px; display: inline-block;">46</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.6154px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 17.9414px; display: inline-block;">135</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 219.961px; width: 517.541px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 65.502px; display: inline-block;">Non-derivativ</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 11.3789px; display: inline-block;">e f</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 84.5332px; display: inline-block;">inancial liabilities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 163.406px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.2364px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6406px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 62.0685px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 235.15px; width: 521.678px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 240.445px; display: inline-block;">Bank loans and mortgage on ferries and other ships</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.8477px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 29.1152px; display: inline-block;">2,667 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 27.2109px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 29.1445px; display: inline-block;">2,644 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 27.2109px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -4,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.9922px; display: inline-block;">827 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.3027px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 8.06836px; display: inline-block;">1,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.0508px; display: inline-block;">785 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 250.369px; width: 521.607px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 69.7617px; display: inline-block;">Issued corpora</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 40.5645px; display: inline-block;">te bonds</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 204.445px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 13.0195px; display: inline-block;">-14</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 38.133px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.4375px; display: inline-block;">290 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 265.588px; width: 521.695px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 144.428px; display: inline-block;">Lease liabilities (undiscounted)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 160.471px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -951 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 27.6211px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -1,293 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1836px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 28.2949px; display: inline-block;">1,407 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.5645px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 8.06836px; display: inline-block;">1,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.291px; display: inline-block;">789 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 280.807px; width: 521.695px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.95898px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 41.7539px; display: inline-block;">rade pay</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 26.0156px; display: inline-block;">ables</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 222.188px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -3,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.6875px; display: inline-block;">661 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.7051px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 296.025px; width: 521.59px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 17.9238px; display: inline-block;">Pay</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 165.82px; display: inline-block;">ables to associates and joint ventur</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 10.7402px; display: inline-block;">es</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 120.756px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 3.74414px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 13.2539px; display: inline-block;">12 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 311.244px; width: 521.982px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 46.3066px; display: inline-block;">Other pay</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 26.0156px; display: inline-block;">ables</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 233.49px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -188 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 326.492px; width: 517.172px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 31.4062px; display: inline-block;">Deriva</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 107.947px; display: inline-block;">tive financial liabilities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 185.109px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6406px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6406px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6406px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 341.682px; width: 521.736px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 86.707px; display: inline-block;">Commodity swaps</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 229.213px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 4.42969px; display: inline-block;"> </span>-1 </span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.7051px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 356.9px; width: 521.578px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 47.8535px; display: inline-block;">Cross curr</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 65.8535px; display: inline-block;">ency interest r</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 30.5566px; display: inline-block;">ate sw</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 17.543px; display: inline-block;">aps</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 161.982px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.2969px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -8 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 372.119px; width: 521.818px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 32.6191px; display: inline-block;">Forwar</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.3301px; display: inline-block;">d ex</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 74.4258px; display: inline-block;">change contrac</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 67.2949px; display: inline-block;">ts and currenc</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 37.377px; display: inline-block;">y swaps</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 83.2793px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 18.1992px; display: inline-block;">-39 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 392.898px; width: 519.129px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 109.406px; display: inline-block;">otal financial liabilities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 185.109px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 3.70898px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.62px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 6.0293px; display: inline-block;">7</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 21.6855px; display: inline-block;">,533</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.9102px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 3.70898px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 27.7793px; display: inline-block;">4,235</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 32.291px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 31.7402px; display: inline-block;">-6,234</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 33.5449px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.32175px; letter-spacing: -0.32175px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 29.5078px; display: inline-block;">-3,574</span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 413.633px; width: 521.93px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.2891px; display: inline-block;">otal</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 269.174px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 29.5664px; display: inline-block;">2,282 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 26.4961px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -4,102 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 27.2109px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -6</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 23.1797px; display: inline-block;">,188 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 25.8516px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -3,439 </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Assumptions for the maturity tabl<span class="_ _3"/>e:</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The maturity anal<span class="_ _2"/>ysis is based on undiscounted cash flows including estimated int<span class="_ _3"/>erest pa<span class="_ _3"/>yments. Interest </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">payments ar<span class="_ _3"/>e estimated based on e<span class="_ _3"/>xisting market conditions.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The undiscounted cash flows r<span class="_ _2"/>elated to derivativ<span class="_ _2"/>e financial liabilities are presented a<span class="_ _3"/>t gross amounts unless the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">parties according to the contr<span class="_ _2"/>act have a right or obliga<span class="_ _3"/>tion to settle a<span class="_ _3"/>t net amount.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Credit e<span class="_ _3"/>xposure</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS’ credit e<span class="_ _2"/>xposure is primarily a<span class="_ _3"/>ttributable to tr<span class="_ _3"/>ade- and other receiv<span class="_ _3"/>ables and cash. The receivables incl<span class="_ _3"/>uding </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">work in pr<span class="_ _3"/>ogress services are st<span class="_ _3"/>ated in the balance sheet net of write-downs. Refer<span class="_ _2"/>ence is made to note 3.2.1 f<span class="_ _3"/>or </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">further information on write-downs on tra<span class="_ _3"/>de receiv<span class="_ _3"/>ables and work in pr<span class="_ _3"/>ogress services. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Accor<span class="_ _3"/>ding to the Group’<span class="_ _2"/>s policy of undertaking credit risks, assessments of all customers and o<span class="_ _3"/>ther partners are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">performed.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS’ credit risk to<span class="_ _3"/>war<span class="_ _3"/>ds financial counterparties primarily r<span class="_ _2"/>elates to cash on bank accounts and positive mark<span class="_ _3"/>et </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">values of deriv<span class="_ _3"/>atives. Cr<span class="_ _2"/>edit limits on financial counterparties are calculated in accor<span class="_ _3"/>dance with DFDS’ Financial </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Policy based on cr<span class="_ _2"/>edit ratings from in<span class="_ _3"/>ternational cr<span class="_ _3"/>edit rating a<span class="_ _3"/>gencies. Credit r<span class="_ _3"/>atings and r<span class="_ _3"/>esulting credit limits ar<span class="_ _2"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">monitored continuousl<span class="_ _2"/>y<span class="_ _3"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Capital structure</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The starting point for determining the lev<span class="_ _2"/>el of capital distribution to shareholders is the current and e<span class="_ _2"/>xpected future </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">financial lever<span class="_ _2"/>age measured as the ra<span class="_ _2"/>tio between NIBD and EBITDA. T<span class="_ _24e"/>arget lever<span class="_ _2"/>age is a ratio betw<span class="_ _3"/>een 2.<span class="_ _3"/>0 and 3.<span class="_ _2"/>0<span class="_ _3"/>. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">NIBD/EBITDA w<span class="_ _2"/>as 2.9 at y<span class="_ _3"/>ear-end 2023<span class="_ _3"/>. For shorter periods, lev<span class="_ _3"/>erage can mo<span class="_ _3"/>ve outside the r<span class="_ _3"/>ange due to special </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">even<span class="_ _3"/>ts, e.g., larger a<span class="_ _3"/>cquisitions.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:341.060546875px;"><span style="position: absolute; display: inline-block; left: 0px; top: 0.0097656px; width: 1187.15px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 54.8848px; display: inline-block;">DKK million </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 1108.28px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 23.9883px; display: inline-block;">2023</span></span><span style="position: absolute; display: inline-block; left: 733.562px; top: 19.9297px; width: 187.406px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 105.996px; display: inline-block;">Expected timing of rec</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 81.873px; display: inline-block;">ycling to income </span></span><span style="position: absolute; display: inline-block; left: 711.344px; top: 33.4297px; width: 231.598px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 231.598px; display: inline-block;">statement or non-current assets of gains/losses </span></span><span style="position: absolute; display: inline-block; left: 768.5px; top: 46.9297px; width: 201.615px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 112.822px; display: inline-block;">recognised in the equity</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 86.7304px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 993.297px; top: 67.7109px; width: 49.248px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 49.248px; display: inline-block;">Fair value </span></span><span style="position: absolute; display: inline-block; left: 986.484px; top: 81.2109px; width: 54.5918px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 55.0195px; display: inline-block;">recognised </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.49588px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 516.594px; top: 94.6797px; width: 43.207px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 43.2363px; display: inline-block;">Notional </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 605.797px; top: 94.6953px; width: 20.4082px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 20.4375px; display: inline-block;">Fair </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 663.797px; top: 94.6953px; width: 20.4082px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 20.4375px; display: inline-block;">Fair </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 986.484px; top: 94.7109px; width: 54.3516px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 54.3516px; display: inline-block;">on hedging </span></span><span style="position: absolute; display: inline-block; left: 460.281px; top: 108.18px; width: 37.2188px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 37.248px; display: inline-block;">Time to </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 515.047px; top: 108.18px; width: 44.543px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 44.5723px; display: inline-block;">principal </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 598.281px; top: 108.195px; width: 28.3887px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 28.8164px; display: inline-block;">value </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.49588px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 655.641px; top: 108.195px; width: 28.3887px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 28.8164px; display: inline-block;">value </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.49588px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 930.359px; top: 108.195px; width: 25.8223px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 26.25px; display: inline-block;">After </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.49588px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 1003.48px; top: 108.227px; width: 37.3652px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 37.793px; display: inline-block;">reserve </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.49588px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 176.766px; top: 121.68px; width: 84.6445px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 84.6445px; display: inline-block;">Hedge instrument</span></span><span style="position: absolute; display: inline-block; left: 455.578px; top: 121.68px; width: 40.9219px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 40.9219px; display: inline-block;">maturity</span></span><span style="position: absolute; display: inline-block; left: 519.562px; top: 121.68px; width: 36.8789px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 36.8789px; display: inline-block;">amount</span></span><span style="position: absolute; display: inline-block; left: 593.062px; top: 121.695px; width: 31.377px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 31.377px; display: inline-block;">assets</span></span><span style="position: absolute; display: inline-block; left: 638.312px; top: 121.711px; width: 244.289px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 43.7988px; display: inline-block;">liabilities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.0547px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 23.2441px; display: inline-block;">0-1 y</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 16.1074px; display: inline-block;">ear</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 20.4317px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 5.53125px; display: inline-block;">1</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 38.8301px; display: inline-block;">-3 years</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 18.6797px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 44.9414px; display: inline-block;">3-5 years</span></span><span style="position: absolute; display: inline-block; left: 920.359px; top: 121.711px; width: 34.9395px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 34.9395px; display: inline-block;">5 years</span></span><span style="position: absolute; display: inline-block; left: 998.422px; top: 121.727px; width: 187.752px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 40.2773px; display: inline-block;">in equity</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.2227px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.8145px; display: inline-block;">Av</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 72.1406px; display: inline-block;">erage hedge ra</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 9.62695px; display: inline-block;">te</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 143.742px; width: 137.994px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 109.348px; display: inline-block;">Expected future transa</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 29.1094px; display: inline-block;">ctions</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 162.322px; width: 807.691px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 35.7773px; display: inline-block;">Interest</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 141.691px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 21.3574px; display: inline-block;">Inter</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 68.6133px; display: inline-block;">est swaps DKK</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 183.727px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0-5 y</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 22.9453px; display: inline-block;">ears </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.6641px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.06836px; display: inline-block;">1,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 11.9355px; display: inline-block;">54</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.83594px; display: inline-block;">7</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.7051px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 11.9355px; display: inline-block;">23</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.7636px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 12.2871px; display: inline-block;">-17</span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; width: 67.8926px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.5877px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="position: absolute; display: inline-block; left: 807.691px; top: 162.322px; width: 140.473px; white-space: pre; word-spacing: 0.08775px; letter-spacing: -0.08775px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 11.0684px; display: inline-block;">18</span><span style="word-spacing: 0.08775px; letter-spacing: -0.08775px; display: inline-block; margin-left: 0px; width: 49.3125px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 7.64648px; display: inline-block;">-1</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.23828px; display: inline-block;">2</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 66.8145px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span></span><span style="position: absolute; display: inline-block; left: 948.164px; top: 162.322px; width: 238.922px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.6094px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.15234px; display: inline-block;">6</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 119.197px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.76562px; display: inline-block;">2.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.4785px; display: inline-block;">59%</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 177.541px; width: 1186.98px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 35.7773px; display: inline-block;">Interest</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 141.691px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 21.3574px; display: inline-block;">Inter</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 68.4844px; display: inline-block;">est swaps EUR</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 181.19px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 9.92578px; display: inline-block;">0-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 39.3926px; display: inline-block;">10 years</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.4199px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 26.1211px; display: inline-block;">2,410</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.2461px; display: inline-block;">89</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 8.21484px; display: inline-block;">-2</span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.22656px; display: inline-block;">5</span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; width: 67.377px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.8477px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 9.82031px; display: inline-block;">-8</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.8477px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 9.89648px; display: inline-block;">-6</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 60.2636px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.2145px; letter-spacing: -0.2145px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 11.4785px; display: inline-block;">78</span><span style="word-spacing: 0.2145px; letter-spacing: -0.2145px; display: inline-block; margin-left: 0px; width: 73.254px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 12.1641px; display: inline-block;">64</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 119.197px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.76562px; display: inline-block;">2.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.625px; display: inline-block;">03%</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 192.76px; width: 1187.32px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 52.3125px; display: inline-block;">Bond loans</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 124.998px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 37.6289px; display: inline-block;">Currenc</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 37.377px; display: inline-block;">y swaps</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 198.556px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0-5 years </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.4062px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 18.2754px; display: inline-block;">995</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 62.0685px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 5.83594px; display: inline-block;">7</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.9315px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 7.64648px; display: inline-block;">-1</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 67.377px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.07031px; display: inline-block;">3</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.8477px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 9.61523px; display: inline-block;">-3</span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; width: 65.7127px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 79.3534px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.6699px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 53.7539px; display: inline-block;">NOK/DKK 0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 21.1523px; display: inline-block;">.659</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 207.979px; width: 1187.05px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 52.3125px; display: inline-block;">Bond loans</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 124.998px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 47.8535px; display: inline-block;">Cross curr</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 65.8535px; display: inline-block;">ency interest r</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 23.0332px; display: inline-block;">ate s</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 27.2812px; display: inline-block;">waps </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 119.197px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 9.92578px; display: inline-block;">0-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 28.2188px; display: inline-block;">1 year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.3534px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 17.9531px; display: inline-block;">265</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.2364px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.5489px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 15.5273px; display: inline-block;">-34</span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; width: 66.8145px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 6.15234px; display: inline-block;">6</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.1875px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 66.1815px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.6094px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.15234px; display: inline-block;">6</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 30.6621px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 53.7539px; display: inline-block;">NOK/DKK 0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 2.90039px; display: inline-block;">.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 42.5508px; display: inline-block;">7637 + 1.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.7305px; display: inline-block;">09%</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 223.197px; width: 1187.03px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 108.656px; display: inline-block;">Ferry investments and f</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 54.7324px; display: inline-block;">erry charter</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 14.4082px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 32.6191px; display: inline-block;">Forwar</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 81.6211px; display: inline-block;">d exchange contr</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.8066px; display: inline-block;">acts</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 141.141px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 44.1387px; display: inline-block;">0-9 years</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.9784px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 18.0293px; display: inline-block;">595</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.7188px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 11.1738px; display: inline-block;">41</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.4727px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.494px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 7.64648px; display: inline-block;">-1</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 54.6386px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 9.61523px; display: inline-block;">-3</span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; width: 54.2227px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="width: 9.61523px; display: inline-block;">-3</span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; width: 62.508px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="width: 9.61523px; display: inline-block;">-3</span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; width: 70.3654px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 7.64648px; display: inline-block;">-1</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.54883px; display: inline-block;">0</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 70.7696px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 72.3398px; display: inline-block;">EUR/USD 1.267</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 6.01172px; display: inline-block;">4</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 241.822px; width: 144.516px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 81.4922px; display: inline-block;">Off-balance shee</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 63.4863px; display: inline-block;">t contractual </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 255.322px; width: 673.459px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 64.6758px; display: inline-block;">commitments</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 112.564px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 32.6191px; display: inline-block;">Forwar</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.3301px; display: inline-block;">d ex</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 68.6895px; display: inline-block;">change contra</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 73.0312px; display: inline-block;">cts and currenc</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 37.377px; display: inline-block;">y swaps</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.0332px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 30.4336px; display: inline-block;">1 year </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 33.5449px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 26.0039px; display: inline-block;">1,342</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 62.0685px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 5.16797px; display: inline-block;">1</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.498px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="position: absolute; display: inline-block; left: 673.459px; top: 255.322px; width: 138.99px; white-space: pre; word-spacing: 0.702px; letter-spacing: -0.702px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 8.21484px; display: inline-block;">-2</span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; width: 65.0858px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 7.64648px; display: inline-block;">-1</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 58.0429px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span></span><span style="position: absolute; display: inline-block; left: 812.449px; top: 255.322px; width: 374.725px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.1875px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 66.1815px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 76.5352px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 7.64648px; display: inline-block;">-1</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 71.2207px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 51.5625px; display: inline-block;">EUR/DKK 7</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 27.0879px; display: inline-block;">.4580</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 277.367px; width: 111.756px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 111.756px; display: inline-block;">Other financial hedging</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 292.557px; width: 1185.97px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 62.4316px; display: inline-block;">Commodities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 114.885px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 91.125px; display: inline-block;">Commodity hedges</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 188.115px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 28.2188px; display: inline-block;">1 year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.244px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 17.1152px; display: inline-block;">128</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0977px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 11.2324px; display: inline-block;">13</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6406px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 11.2324px; display: inline-block;">13</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.1875px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 66.1815px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.6699px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 11.2324px; display: inline-block;">13</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 130.306px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.65039px; display: inline-block;">N</span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 9.30469px; display: inline-block;">/A</span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 307.775px; width: 1186.18px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 130.412px; display: inline-block;">Sales and goods purchased</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.9042px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 32.6191px; display: inline-block;">Forwar</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 81.6211px; display: inline-block;">d exchange contr</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 62.2266px; display: inline-block;">acts and curr</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 37.0312px; display: inline-block;">ency sw</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 17.543px; display: inline-block;">aps</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.5877px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 9.92578px; display: inline-block;">0-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 28.2188px; display: inline-block;">1 year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.8946px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 25.4707px; display: inline-block;">1,391</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 62.508px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 5.16797px; display: inline-block;">1</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.5741px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 7.64648px; display: inline-block;">-1</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.51953px; display: inline-block;">6</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 67.377px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 65.7127px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.6094px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 130.306px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.65039px; display: inline-block;">N</span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 9.30469px; display: inline-block;">/A</span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 329.82px; width: 608.555px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.2891px; display: inline-block;">otal</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 584.092px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="position: absolute; display: inline-block; left: 608.555px; top: 329.82px; width: 198.094px; white-space: pre; word-spacing: 0.8385px; letter-spacing: -0.8385px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 9.87891px; display: inline-block;">17</span><span style="word-spacing: 0.8385px; letter-spacing: -0.8385px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.2793px; display: inline-block;">5</span><span style="word-spacing: 0.8385px; letter-spacing: -0.8385px; display: inline-block; margin-left: 0px; width: 42.1054px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 15.9023px; display: inline-block;">-95</span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; width: 62.0685px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span></span><span style="width: 9.87891px; display: inline-block;">17</span><span style="word-spacing: 0.8385px; letter-spacing: -0.8385px; display: inline-block; margin-left: 0px; width: 52.5877px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span></span><span style="position: absolute; display: inline-block; left: 806.648px; top: 329.82px; width: 60.2812px; white-space: pre; word-spacing: 0.06825px; letter-spacing: -0.06825px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 11.7832px; display: inline-block;">10</span><span style="word-spacing: 0.06825px; letter-spacing: -0.06825px; display: inline-block; margin-left: 0px; width: 48.498px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span></span><span style="position: absolute; display: inline-block; left: 866.93px; top: 329.82px; width: 172.283px; white-space: pre; word-spacing: 0.51675px; letter-spacing: -0.51675px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 14.5488px; display: inline-block;">-24</span><span style="word-spacing: 0.51675px; letter-spacing: -0.51675px; display: inline-block; margin-left: 0px; width: 60.8205px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span><span style="word-spacing: 0.32175px; letter-spacing: -0.32175px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 11.4961px; display: inline-block;">75</span><span style="word-spacing: 0.32175px; letter-spacing: -0.32175px; display: inline-block; margin-left: 0px; width: 73.254px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span><span style="word-spacing: 0.08775px; letter-spacing: -0.08775px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 12.1641px; display: inline-block;">78</span></span></span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:307.669921875px;"><span style="position: absolute; display: inline-block; left: 0px; top: 0.0097656px; width: 1186.96px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 54.8848px; display: inline-block;">DKK million </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 1108.28px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 23.7949px; display: inline-block;">2022</span></span><span style="position: absolute; display: inline-block; left: 733.562px; top: 19.9297px; width: 187.652px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 105.996px; display: inline-block;">Expected timing of rec</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 82.1191px; display: inline-block;">ycling to Income </span></span><span style="position: absolute; display: inline-block; left: 711.344px; top: 33.4453px; width: 231.598px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 231.598px; display: inline-block;">statement or non-current assets of gains/losses </span></span><span style="position: absolute; display: inline-block; left: 768.5px; top: 46.9453px; width: 201.615px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 112.822px; display: inline-block;">recognised in the equity</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 86.7304px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 993.297px; top: 67.7266px; width: 49.248px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 49.248px; display: inline-block;">Fair value </span></span><span style="position: absolute; display: inline-block; left: 986.484px; top: 81.2266px; width: 54.5918px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 55.0195px; display: inline-block;">recognised </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.49588px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 516.594px; top: 94.6953px; width: 43.207px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 43.2363px; display: inline-block;">Notional </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 605.797px; top: 94.6953px; width: 20.4082px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 20.4375px; display: inline-block;">Fair </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 663.797px; top: 94.7109px; width: 20.4082px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 20.4375px; display: inline-block;">Fair </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 986.484px; top: 94.7266px; width: 54.3516px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 54.3516px; display: inline-block;">on hedging </span></span><span style="position: absolute; display: inline-block; left: 460.281px; top: 108.18px; width: 37.2188px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 37.248px; display: inline-block;">Time to </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 515.047px; top: 108.195px; width: 44.543px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 44.5723px; display: inline-block;">principal </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 598.281px; top: 108.195px; width: 28.3887px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 28.8164px; display: inline-block;">value </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.49588px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 655.641px; top: 108.211px; width: 28.3887px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 28.8164px; display: inline-block;">value </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.49588px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 930.359px; top: 108.211px; width: 25.8223px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 26.25px; display: inline-block;">After </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.49588px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 1003.48px; top: 108.227px; width: 37.3652px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 37.793px; display: inline-block;">reserve </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.49588px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 176.766px; top: 121.68px; width: 84.6445px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 84.6445px; display: inline-block;">Hedge instrument</span></span><span style="position: absolute; display: inline-block; left: 455.578px; top: 121.68px; width: 40.9219px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 40.9219px; display: inline-block;">maturity</span></span><span style="position: absolute; display: inline-block; left: 519.562px; top: 121.695px; width: 36.8789px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 36.8789px; display: inline-block;">amount</span></span><span style="position: absolute; display: inline-block; left: 593.062px; top: 121.711px; width: 31.377px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 31.377px; display: inline-block;">assets</span></span><span style="position: absolute; display: inline-block; left: 638.312px; top: 121.711px; width: 244.289px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 43.7988px; display: inline-block;">liabilities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.0547px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 23.2441px; display: inline-block;">0-1 y</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 16.1074px; display: inline-block;">ear</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 20.4317px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 5.53125px; display: inline-block;">1</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 38.8301px; display: inline-block;">-3 years</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 18.6797px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 44.9414px; display: inline-block;">3-5 years</span></span><span style="position: absolute; display: inline-block; left: 920.359px; top: 121.711px; width: 34.9395px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 34.9395px; display: inline-block;">5 years</span></span><span style="position: absolute; display: inline-block; left: 998.422px; top: 121.727px; width: 187.752px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 40.2773px; display: inline-block;">in equity</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.2227px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.8145px; display: inline-block;">Av</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 72.1406px; display: inline-block;">erage hedge ra</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 9.62695px; display: inline-block;">te</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 143.742px; width: 137.994px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 109.348px; display: inline-block;">Expected future transa</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 29.1094px; display: inline-block;">ctions</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 162.338px; width: 1186.48px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 35.7773px; display: inline-block;">Interest</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 141.141px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 89.9648px; display: inline-block;">Interest swaps DKK</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 179.736px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 40.5938px; display: inline-block;">11 years </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.748px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 929 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 14.0215px; display: inline-block;">79 </span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; width: 44.244px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 21 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.0529px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 43 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.6154px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 15 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.4142px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 70.7696px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 14.0215px; display: inline-block;">79 </span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; width: 123.685px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="word-spacing: 0.585px; letter-spacing: -0.585px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 13.4004px; display: inline-block;">0.8</span><span style="word-spacing: 0.585px; letter-spacing: -0.585px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 7.79297px; display: inline-block;">%</span></span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 177.557px; width: 1187.16px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 35.7773px; display: inline-block;">Interest</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 141.141px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 89.8418px; display: inline-block;">Interest swaps EUR</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 181.658px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 9.92578px; display: inline-block;">0-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 38.3789px; display: inline-block;">11 years</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.4199px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 26.2793px; display: inline-block;">1,388</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.4727px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.16575px; letter-spacing: -0.16575px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 16.752px; display: inline-block;">148</span><span style="word-spacing: 0.16575px; letter-spacing: -0.16575px; display: inline-block; margin-left: 0px; width: 46.4179px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> 0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 62.0685px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.08775px; letter-spacing: -0.08775px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 11.0684px; display: inline-block;">18</span><span style="word-spacing: 0.08775px; letter-spacing: -0.08775px; display: inline-block; margin-left: 0px; width: 51.5917px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 11.9941px; display: inline-block;">35</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.5877px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 11.2324px; display: inline-block;">31</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.8594px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.1641px; display: inline-block;">64</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 67.8926px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.16575px; letter-spacing: -0.16575px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 16.752px; display: inline-block;">148</span><span style="word-spacing: 0.16575px; letter-spacing: -0.16575px; display: inline-block; margin-left: 0px; width: 125.824px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 22.3125px; display: inline-block;">1.2%</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 192.775px; width: 1187.16px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 35.7773px; display: inline-block;">Interest</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 141.141px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 46.7754px; display: inline-block;">Caps EUR</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 225.914px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 36.2637px; display: inline-block;">4 years </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.5645px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 1,190 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 4.42969px; display: inline-block;"> </span>17</span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; width: 44.244px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 15 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.4727px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.0156px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 67.377px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 15 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 131.016px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 14.5605px; display: inline-block;">0%</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 207.994px; width: 1187.55px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 52.3125px; display: inline-block;">Bond loans</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 124.998px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 47.8535px; display: inline-block;">Cross curr</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 65.8535px; display: inline-block;">ency interest r</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 23.0332px; display: inline-block;">ate s</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 25.0723px; display: inline-block;">waps</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 112.564px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0-5 years </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 20.2266px; display: inline-block;">283 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.6386px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.0529px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.0352px; display: inline-block;">-8 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 60.2636px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.6154px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 15 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.0156px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 67.377px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 15 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 32.291px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 56.6484px; display: inline-block;">NOK/DKK 0.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.0527px; display: inline-block;">763</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 40.8047px; display: inline-block;">7+1.09%</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 223.213px; width: 1187.12px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 103.664px; display: inline-block;">Ferry investment and f</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 54.7324px; display: inline-block;">erry charter</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 19.2304px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 46.7227px; display: inline-block;">Forward e</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 79.6406px; display: inline-block;">xchange contrac</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 8.67773px; display: inline-block;">ts</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 139.306px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0-9 y</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 22.9453px; display: inline-block;">ears </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.5489px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 20.2324px; display: inline-block;">704 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.0332px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 71 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.244px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.8594px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.0136px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 1 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.5917px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 1 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.4142px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 2 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.4395px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 4 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 67.8926px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 72.3398px; display: inline-block;">EUR/USD 1.267</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 6.01172px; display: inline-block;">4</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 245.258px; width: 111.756px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 111.756px; display: inline-block;">Other financial hedging</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 260.447px; width: 608.719px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 62.4316px; display: inline-block;">Commodities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 114.885px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 91.125px; display: inline-block;">Commodity hedges</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 188.115px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 28.2188px; display: inline-block;">1 year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.9784px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 20.3789px; display: inline-block;">464 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.3125px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="position: absolute; display: inline-block; left: 608.719px; top: 260.447px; width: 129.568px; white-space: pre; word-spacing: 0.078px; letter-spacing: -0.078px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 4.42969px; display: inline-block;"> </span>27 </span><span style="word-spacing: 0.078px; letter-spacing: -0.078px; display: inline-block; margin-left: 0px; width: 46.9042px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 7.64648px; display: inline-block;">-1</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 54.2227px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span></span><span style="position: absolute; display: inline-block; left: 738.287px; top: 260.447px; width: 447.949px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> 26 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.4727px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.4142px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 66.1815px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 26 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 128.045px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.65039px; display: inline-block;">N</span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 9.30469px; display: inline-block;">/A</span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 275.666px; width: 1186.55px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 130.412px; display: inline-block;">Sales and goods purchased</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.9042px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 32.6191px; display: inline-block;">Forwar</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 81.6211px; display: inline-block;">d exchange contr</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.8066px; display: inline-block;">acts</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 145.494px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 30.4336px; display: inline-block;">1 year </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.3027px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 1,3</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 14.1973px; display: inline-block;">76 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.6386px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 3 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.0664px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -38 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.8594px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.4727px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.0156px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.4395px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 128.045px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.65039px; display: inline-block;">N</span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 9.30469px; display: inline-block;">/A</span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 296.43px; width: 666.844px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.2891px; display: inline-block;">otal</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 152.789px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 312.31px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.4142px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.9042px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 345 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.873px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="position: absolute; display: inline-block; left: 666.844px; top: 296.43px; width: 138.99px; white-space: pre; word-spacing: 0.65325px; letter-spacing: -0.65325px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 3.05273px; display: inline-block;">-</span><span style="word-spacing: 0.65325px; letter-spacing: -0.65325px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 11.0391px; display: inline-block;">47</span><span style="word-spacing: 0.65325px; letter-spacing: -0.65325px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span><span style="word-spacing: 0.65325px; letter-spacing: -0.65325px; display: inline-block; margin-left: 0px; width: 56.0977px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span><span style="word-spacing: 0.039px; letter-spacing: -0.039px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span>79 </span><span style="word-spacing: 0.039px; letter-spacing: -0.039px; display: inline-block; margin-left: 0px; width: 48.9315px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span></span></span><span style="position: absolute; display: inline-block; left: 805.834px; top: 296.43px; width: 235.236px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 14.7539px; display: inline-block;">94 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.0332px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.65325px; letter-spacing: -0.65325px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 11.0391px; display: inline-block;">47</span><span style="word-spacing: 0.65325px; letter-spacing: -0.65325px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span><span style="word-spacing: 0.65325px; letter-spacing: -0.65325px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> 66 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.8594px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 286 </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In 2023, tw<span class="_ _2"/>o interest ra<span class="_ _3"/>te swaps w<span class="_ _3"/>ere set<span class="_ _2"/>tled in relation to the sale and leaseback of thr<span class="_ _3"/>ee freight f<span class="_ _3"/>erries. <span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Due to positive mark<span class="_ _3"/>et values on the s<span class="_ _3"/>waps, a gain of DKK 33m was r<span class="_ _2"/>ecognised in the income statement. <span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">No other financial hedges wer<span class="_ _2"/>e deemed inefficient hence no fur<span class="_ _4"/>ther gain or loss was recognised in the <span class="_ _3"/><span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">income statement f<span class="_ _3"/>or hedges qualifying for hedge accounting (2022: none<span class="_ _3"/>). </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The fair value of the in<span class="_ _3"/>terest sw<span class="_ _2"/>aps has been calculated by discounting the expec<span class="_ _3"/>ted future inter<span class="_ _2"/>est payments. <span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The discount ra<span class="_ _3"/>te for each inter<span class="_ _2"/>est payment is estimated based on marke<span class="_ _3"/>t interest r<span class="_ _2"/>ates. The fair value of forw<span class="_ _3"/>ard </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ex<span class="_ _2"/>change contracts and bunker contr<span class="_ _2"/>acts are calculated based on a<span class="_ _3"/>ctual forwar<span class="_ _3"/>d curves.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">4.2 <span class="_ _27"> </span>Information on financial instruments</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:263.669921875px;"><span style="position: absolute; display: inline-block; left: 0px; top: 0.0097656px; width: 519.574px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 52.6699px; display: inline-block;">DKK million</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 374.027px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 24.8379px; display: inline-block;">2023</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.244px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="width: 23.7949px; display: inline-block;">2022</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 22.0547px; width: 517.518px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 258.322px; display: inline-block;">Carrying amount per category of financial instruments</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 257.133px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 37.2441px; width: 517.348px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 134.221px; display: inline-block;">Financial assets measured a</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 52.5352px; display: inline-block;">t fair value:</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 328.84px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 52.4629px; width: 521.824px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 41.584px; display: inline-block;">Derivativ</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 85.2949px; display: inline-block;">es, related to oper</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 68.9473px; display: inline-block;">ating activities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 244.705px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.082px; display: inline-block;">56</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 19.4355px; display: inline-block;">102 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 67.6816px; width: 521.965px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 41.584px; display: inline-block;">Derivativ</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 85.0137px; display: inline-block;">es, related to inter</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 98.918px; display: inline-block;">est-bearing activities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 211.102px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 16.5117px; display: inline-block;">119</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.4727px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 20.0977px; display: inline-block;">244 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 82.9004px; width: 517.693px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 134.221px; display: inline-block;">Financial assets measured a</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 79.0957px; display: inline-block;">t amortised cost:</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 302.625px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 98.1191px; width: 310.482px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.95898px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 52.4121px; display: inline-block;">rade receiv</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 148.465px; display: inline-block;">ables, receivables from associa</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 89.0273px; display: inline-block;">tes and joint ventur</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.0586px; display: inline-block;">es, </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 111.619px; width: 522.018px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 55.166px; display: inline-block;">other receiv</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 71.5605px; display: inline-block;">ables and cash</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 299.285px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.43875px; letter-spacing: -0.43875px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 13.6934px; display: inline-block;">5,0</span><span style="word-spacing: 0.43875px; letter-spacing: -0.43875px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.63086px; display: inline-block;">3</span><span style="word-spacing: 0.43875px; letter-spacing: -0.43875px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.73633px; display: inline-block;">9</span><span style="word-spacing: 0.43875px; letter-spacing: -0.43875px; display: inline-block; margin-left: 0px; width: 37.0664px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> 4,989 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 126.838px; width: 517.002px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 134.221px; display: inline-block;">Financial assets measured a</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 64.8574px; display: inline-block;">t fair value thr</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 86.2617px; display: inline-block;">ough profit or loss:</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 230.777px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 142.072px; width: 521.484px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 46.2949px; display: inline-block;">Securities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 399.623px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 5.87109px; display: inline-block;">2</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.1875px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 2 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 157.291px; width: 517.688px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 145.289px; display: inline-block;">Financial liabilities measured a</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 52.5352px; display: inline-block;">t fair value:</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 318.111px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 172.51px; width: 521.777px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 41.584px; display: inline-block;">Derivativ</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 85.2949px; display: inline-block;">es, related to oper</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 68.9473px; display: inline-block;">ating activities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 242.431px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 7.64648px; display: inline-block;">-1</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.44336px; display: inline-block;">8</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 50.0332px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 14.4023px; display: inline-block;">40 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 187.729px; width: 521.76px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 41.584px; display: inline-block;">Derivativ</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 85.0137px; display: inline-block;">es, related to inter</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 98.918px; display: inline-block;">est-bearing activities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 213.176px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 1.29675px; letter-spacing: -1.29675px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.98438px; display: inline-block;">-7</span><span style="word-spacing: 1.29675px; letter-spacing: -1.29675px; display: inline-block; margin-left: 0px; width: 1.38867px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="width: 4.53516px; display: inline-block;">7</span><span style="word-spacing: 1.29675px; letter-spacing: -1.29675px; display: inline-block; margin-left: 0px; width: 59.8594px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 12.0352px; display: inline-block;">-8 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 202.947px; width: 517.055px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 145.289px; display: inline-block;">Financial liabilities measured a</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 79.0957px; display: inline-block;">t amortised cost:</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 290.918px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 218.166px; width: 312.92px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 35.7773px; display: inline-block;">Interest</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 134.467px; display: inline-block;">-bearing liabilities, trade pay</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 144.41px; display: inline-block;">ables, payables to associates </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 231.666px; width: 521.871px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 72.3984px; display: inline-block;">and joint ventur</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 80.8418px; display: inline-block;">es, and other pay</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 26.0156px; display: inline-block;">ables</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 239.742px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 3.74414px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 31.2012px; display: inline-block;">19,215</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.9102px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 11.3438px; display: inline-block;">19</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 22.2129px; display: inline-block;">,451 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 252.43px; width: 521.801px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.2891px; display: inline-block;">otal</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 390.405px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 18.5273px; display: inline-block;">-14,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.8789px; display: inline-block;">095</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1836px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 34.8516px; display: inline-block;">14,162 </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Hierarch<span class="_ _3"/>y of financial instruments measured at fair v<span class="_ _2"/>alue</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The table below r<span class="_ _3"/>anks financial instruments carried a<span class="_ _3"/>t fair value b<span class="_ _3"/>y valua<span class="_ _3"/>tion method. The differen<span class="_ _3"/>t levels ha<span class="_ _3"/>ve </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">been defined as follows:</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">• <span class="_ _3b"> </span><span class="ff2 ws0">Le<span class="_ _3"/>vel 1: <span class="ff3">Quoted prices in an a<span class="_ _3"/>ctive mark<span class="_ _3"/>et for identical type of instrument, i.e. without change in f<span class="_ _3"/>orm or content </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(modification or r<span class="_ _3"/>epackaging).<span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">• <span class="_ _3b"> </span><span class="ff2 ws0">Le<span class="_ _3"/>vel 2: <span class="ff3">Quoted prices in an a<span class="_ _3"/>ctive mark<span class="_ _3"/>et for similar assets or liabilities or other v<span class="_ _3"/>aluation methods wher<span class="_ _2"/>e all<span class="_ _4"/> </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">material input is based on observable mark<span class="_ _3"/>et data.<span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">• <span class="_ _b8"> </span><span class="ff2 ws0">Level 3: <span class="ff3">V<span class="_ _2"/>aluation methods where possible ma<span class="_ _3"/>terial input is not based on observable marke<span class="_ _3"/>t data.</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:234.248046875px;"><span style="position: absolute; display: inline-block; left: 0px; top: 0.0097656px; width: 521.678px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 52.6699px; display: inline-block;">DKK million</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 326.197px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 65.7127px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.6154px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 24.8379px; display: inline-block;">2023</span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 349.547px; top: 20.7734px; width: 168.363px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 16.6055px; display: inline-block;">Lev</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 16.4121px; display: inline-block;">el 1</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.6641px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 33.5625px; display: inline-block;">Level 2</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.6641px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 16.6055px; display: inline-block;">Lev</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 17.1797px; display: inline-block;">el 3</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 42.7598px; width: 519.709px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 41.584px; display: inline-block;">Derivativ</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 89.666px; display: inline-block;">es, financial assets</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 246.943px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.0136px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 9.36328px; display: inline-block;">17</span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.10938px; display: inline-block;">5</span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; width: 63.1406px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 6.18164px; display: inline-block;">0</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 57.9785px; width: 519.387px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 125.221px; display: inline-block;">Securities, financial assets</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 252.223px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6406px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 62.0685px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 5.87109px; display: inline-block;">2</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 73.1973px; width: 519.234px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 41.584px; display: inline-block;">Derivativ</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 100.729px; display: inline-block;">es, financial liabilities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 235.881px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.0136px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.117px; letter-spacing: -0.117px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 9.68555px; display: inline-block;">-9</span><span style="word-spacing: 0.117px; letter-spacing: -0.117px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.8125px; display: inline-block;">5</span><span style="word-spacing: 0.117px; letter-spacing: -0.117px; display: inline-block; margin-left: 0px; width: 61.6406px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 6.18164px; display: inline-block;">0</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 93.9766px; width: 519.246px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.2891px; display: inline-block;">otal</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 352.664px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.38672px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.6973px; display: inline-block;">80</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6406px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.07617px; display: inline-block;">2</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 127.775px; width: 521.66px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 376.882px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 65.7127px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.4179px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 26.0039px; display: inline-block;">2022 </span></span><span style="position: absolute; display: inline-block; left: 351.062px; top: 149.82px; width: 168.363px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 16.6055px; display: inline-block;">Lev</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 16.4121px; display: inline-block;">el 1</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.6641px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 33.5625px; display: inline-block;">Level 2</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.6641px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 16.6055px; display: inline-block;">Lev</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 17.1797px; display: inline-block;">el 3</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 171.807px; width: 522.006px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 41.584px; display: inline-block;">Derivativ</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 89.666px; display: inline-block;">es, financial assets</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 242.431px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7832px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 20.4375px; display: inline-block;">346 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 187.025px; width: 521.42px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 125.221px; display: inline-block;">Securities, financial assets</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 247.4px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 2 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 202.244px; width: 521.924px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 41.584px; display: inline-block;">Derivativ</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 100.729px; display: inline-block;">es, financial liabilities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 231.562px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.2969px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 14.2969px; display: inline-block;">48 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 223.008px; width: 521.479px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.2891px; display: inline-block;">otal</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 352.664px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.44922px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.9784px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 298 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.8594px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.13281px; display: inline-block;">2 </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Derivativ<span class="_ _2"/>e financial assets and liabilities are all measured a<span class="_ _3"/>t level 2. Ref<span class="_ _3"/>erence is made to no<span class="_ _3"/>te 4.1 for description <span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of the valua<span class="_ _3"/>tion method.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Securities, financial assets measured a<span class="_ _3"/>t fair value thr<span class="_ _2"/>ough the income statement comprise minor unlisted shares </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and investments as w<span class="_ _3"/>ell as other inv<span class="_ _3"/>estments of DKK 2m (2022: DKK 2m). </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">T<span class="_ _24e"/>ransfers between le<span class="_ _2"/>vels of the fair value hier<span class="_ _3"/>archy ar<span class="_ _2"/>e considered to hav<span class="_ _3"/>e occurred at the da<span class="_ _2"/>te of the event or </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">change in circumstances tha<span class="_ _3"/>t caused the transf<span class="_ _3"/>er<span class="_ _2"/>. There w<span class="_ _3"/>ere no tr<span class="_ _3"/>ansfers between the le<span class="_ _2"/>vels in the fair value </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">hierar<span class="_ _2"/>chy in 2023 (2022: No transfers).</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">4.2 <span class="_ _27"> </span>Information on financial instruments <span class="ff3">(<span class="_ _2"/>continued)</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> Accounting <span class="_ _4c"> </span>policies<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Deriva<span class="_ _3"/>tive financial instruments</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Derivativ<span class="_ _2"/>e financial instruments are measured in the balance sheet a<span class="_ _3"/>t fair value as fr<span class="_ _2"/>om the date where </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the derivativ<span class="_ _2"/>e financial instrument is concluded. The fair values of deriva<span class="_ _3"/>tives financial instruments ar<span class="_ _3"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">presented as deriv<span class="_ _2"/>ative financial instruments under assets if positive or under liabilities if nega<span class="_ _3"/>tive. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Netting of positiv<span class="_ _3"/>e and negative deriv<span class="_ _3"/>ative financial instruments is onl<span class="_ _2"/>y performed if the Group is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">entitled to and has the intention to set<span class="_ _3"/>tle the derivativ<span class="_ _2"/>e financial instruments as a net. Fair values of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">derivativ<span class="_ _2"/>e financial instruments are computed on the basis of current mark<span class="_ _3"/>et data and gener<span class="_ _2"/>ally </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">accepted v<span class="_ _3"/>aluation methods.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Fair value hedge</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Changes in the fair value of financial instrumen<span class="_ _3"/>ts designated as and qualifying for r<span class="_ _3"/>ecognition as a fair </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">value hedge of r<span class="_ _2"/>ecognised assets and liabilities are recognised in the income sta<span class="_ _3"/>tement together with </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">changes in the value of the hedged asset or liability based on the hedged pr<span class="_ _2"/>opor<span class="_ _4"/>tion. Hedging of future </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">cash flows accor<span class="_ _2"/>ding to agreements (firm commitments), e<span class="_ _2"/>xcept for for<span class="_ _3"/>eign currenc<span class="_ _3"/>y hedges, is trea<span class="_ _3"/>ted </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">as a fair value hedge of a r<span class="_ _2"/>ecognised asset and liability<span class="_ _3"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Cash flow hedge</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Changes in the fair value of financial instrumen<span class="_ _3"/>ts designated as and qualifying for cash flow hedging </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and which effectivel<span class="_ _2"/>y hedge changes in future cash flows, ar<span class="_ _2"/>e recognised in other comprehensiv<span class="_ _3"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">income. The change in fair val<span class="_ _3"/>ue that r<span class="_ _3"/>elates to the effectiv<span class="_ _2"/>e por<span class="_ _4"/>tion of the cash flow hedge is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">recognised as a separ<span class="_ _2"/>ate equity reserve until the hedged cash flow impa<span class="_ _3"/>cts the income statement. A<span class="_ _2"/>t </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">this point in time the rela<span class="_ _3"/>ted gains or losses pre<span class="_ _3"/>viously r<span class="_ _2"/>ecognised in other comprehensive income ar<span class="_ _3"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">transferr<span class="_ _2"/>ed to the income statement into the same line item as the hedged item is r<span class="_ _2"/>ecognised. However<span class="_ _26"/>,<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">when the forecast tr<span class="_ _2"/>ansaction that is hedged resul<span class="_ _3"/>ts in the recognition of a non-<span class="_ _3"/>financial asset, the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">gains or losses pre<span class="_ _3"/>viously r<span class="_ _2"/>ecognised in other comprehensive income ar<span class="_ _3"/>e transferr<span class="_ _2"/>ed from equity and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">included in the initial measurement of the cost of the non-<span class="_ _2"/>financial asset. For derivative financial </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">instruments that no longer qualify for hedge accounting, the hedge is dissol<span class="_ _2"/>ved prospectiv<span class="_ _3"/>ely<span class="_ _24e"/>. The </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">accumulated f<span class="_ _3"/>air value in equity is immediat<span class="_ _3"/>ely tr<span class="_ _2"/>ansferred to the income statement in<span class="_ _3"/>to the same line </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">item as the hedged item is recognised.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Other financial instruments</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">For financial instruments that do not ful<span class="_ _3"/>fil the requir<span class="_ _2"/>ements of being treated as hedge instruments, the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">changes in fair value ar<span class="_ _2"/>e recognised in the Income statement as financial income and cost.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS’ risk management policy</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS’ risk management policy is go<span class="_ _3"/>verned by the DFDS Financial P<span class="_ _3"/>olicy<span class="_ _2"/>, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">which is appro<span class="_ _3"/>ved by the Boar<span class="_ _2"/>d of Directors on an annual basis. The </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">financial Policy sets out policies, t<span class="_ _3"/>argets, and str<span class="_ _2"/>ategies for the financial </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">risk management of DFDS. Deriva<span class="_ _3"/>tives ar<span class="_ _3"/>e in place to minimise potential </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">adverse eff<span class="_ _3"/>ects on the Group’<span class="_ _2"/>s financial performance. DFDS only uses </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">derivativ<span class="_ _2"/>es for hedging against commercial exposur<span class="_ _2"/>es, not for speculative </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">trading. The most important financial risk f<span class="_ _3"/>actors ar<span class="_ _3"/>e 1) bunker price risk, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2) interest r<span class="_ _2"/>ate risk, 3) currency e<span class="_ _2"/>xchange risk, 4) liquidity risks and 5) cr<span class="_ _3"/>edit </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">exposur<span class="_ _2"/>e.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Bunker price risk</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The fluctuations in the bunk<span class="_ _2"/>er price which is denominated in USD </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">constitute a significant risk for DFDS.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In the freight industry it is customary to pass thr<span class="_ _3"/>ough the risk of <span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">f <span class="_ _26"/>luctuations in the bunk<span class="_ _3"/>er price and the corresponding curr<span class="_ _2"/>ency </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ex<span class="_ _2"/>change rate risk to fr<span class="_ _3"/>eight customers via a bunker adjustment f<span class="_ _3"/>actor </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(BAF). In the passenger industry<span class="_ _2"/>, f <span class="_ _26"/>luctuations in the cost of bunker ar<span class="_ _2"/>e<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">reflect<span class="_ _3"/>ed in the ticket price to the e<span class="_ _3"/>xtent possible.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">T<span class="_ _24e"/>o reduce exposur<span class="_ _2"/>e to bunker and currency risk, appr<span class="_ _2"/>oximatel<span class="_ _2"/>y 93% (93%<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in 2022) of DFDS’ consumption was co<span class="_ _3"/>ver<span class="_ _3"/>ed by BAF agr<span class="_ _2"/>eements.<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">As the BAF is based on low sulphur fuel prices while some f<span class="_ _3"/>erries have </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">scrubbers installed, and thus use high sulphur fuels, the Group is subject </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to a sprea<span class="_ _3"/>d risk between these fuel types.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The risk in rela<span class="_ _3"/>tion to the spread be<span class="_ _3"/>tween high sulphur and low sulphur </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">fuel is partly hedged using commodity sw<span class="_ _2"/>aps. In accordance with the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS Financial Policy<span class="_ _24e"/>, the net bunker exposur<span class="_ _2"/>e may be financially </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">hedged up to six quarters ahead.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Interest ra<span class="_ _2"/>te risk</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS is primarily e<span class="_ _2"/>xposed to interest ra<span class="_ _2"/>te risk through funding. According </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to DFDS’ Financial Policy the int<span class="_ _3"/>erest r<span class="_ _3"/>ate on mor<span class="_ _3"/>e than 40% of the loan </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">portfolio including long-<span class="_ _3"/>term charter agreements must be fix<span class="_ _2"/>ed with a<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">weighted a<span class="_ _3"/>ver<span class="_ _3"/>age dura<span class="_ _3"/>tion of 9-36 months. DFDS enters into int<span class="_ _3"/>erest r<span class="_ _3"/>ate </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">swaps and caps to compl<span class="_ _2"/>y with this policy<span class="_ _2"/>. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The total net inter<span class="_ _2"/>est-bearing debt (<span class="_ _4"/>including fair val<span class="_ _3"/>ues of derivativ<span class="_ _3"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">financial instruments rela<span class="_ _3"/>ted to inter<span class="_ _3"/>est-bearing ac<span class="_ _3"/>tivities) amounts to </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DKK 14,<span class="_ _2"/>689m at year end 2023 (2022: DKK 14,109m). The Gr<span class="_ _2"/>oup’s total </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">interest<span class="_ _2"/>-bearing debt primarily consists of partl<span class="_ _3"/>y secured cr<span class="_ _3"/>edit facilities, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">unsecured corpor<span class="_ _2"/>ate bonds and mortgages with security in ferries and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">other ships. The debt portfolio had an a<span class="_ _2"/>verage time to ma<span class="_ _3"/>turity of 4.<span class="_ _3"/>0 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">years (2022: 4.<span class="_ _24e"/>7 years). </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In accordance with the financial P<span class="_ _3"/>olicy<span class="_ _2"/>, interest r<span class="_ _2"/>ate swaps and caps with </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">a principal amount of DKK 4,222m (2022: DKK 3<span class="_ _3"/>,<span class="_ _24e"/>790m) have been </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">established to reduce in<span class="_ _3"/>terest r<span class="_ _3"/>ate risk. The shar<span class="_ _3"/>e of fixed-r<span class="_ _2"/>ate debt </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">including inter<span class="_ _3"/>est rat<span class="_ _3"/>e derivativ<span class="_ _3"/>es was 48% at y<span class="_ _2"/>ear-end 2023 (2022: 41%). </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Including long term charter agr<span class="_ _3"/>eements, the share of fix<span class="_ _3"/>ed-ra<span class="_ _3"/>te debt is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">56% (2022: 45%). The dura<span class="_ _3"/>tion of the Group’<span class="_ _2"/>s debt portfolio (<span class="_ _4"/>including </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">charter liabilities) was 1.<span class="_ _24e"/>7 years (2022: 1.<span class="_ _3"/>4 years).</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">An increase in the inter<span class="_ _2"/>est rate of 1%-point compar<span class="_ _3"/>ed to the actual </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">interest r<span class="_ _2"/>ates in 2023 would hav<span class="_ _3"/>e increased net in<span class="_ _3"/>terest pa<span class="_ _3"/>yments incl. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">hedging by DKK 67m for the Gr<span class="_ _2"/>oup all else equal (2022: DKK 54m). A<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">decrease in the inter<span class="_ _2"/>est rates of 1%-point w<span class="_ _3"/>ould have r<span class="_ _2"/>educed the net </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">interest pa<span class="_ _2"/>yment by DKK 67m in 2023 (2022: DKK 19m).</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">An increase in the inter<span class="_ _2"/>est rate of 1%-point compar<span class="_ _3"/>ed to the actual </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">interest r<span class="_ _2"/>ate at balance sheet dat<span class="_ _3"/>e would hav<span class="_ _3"/>e had a positive eff<span class="_ _3"/>ect on </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the Group’<span class="_ _2"/>s equity reserve for hedging of DKK 130m all else equal (2022: </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DKK 93m). A decrease w<span class="_ _3"/>ould have ha<span class="_ _3"/>d a negative eff<span class="_ _3"/>ect of DKK 134m </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(2022: DKK 94m).</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Currency e<span class="_ _2"/>xchange risk</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Currenc<span class="_ _3"/>y ex<span class="_ _3"/>change risk is monitored continuousl<span class="_ _2"/>y and activel<span class="_ _2"/>y hedged to<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">reduce e<span class="_ _2"/>xposure using forward e<span class="_ _2"/>xchange contrac<span class="_ _3"/>ts and currency s<span class="_ _2"/>waps. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Accor<span class="_ _3"/>ding to DFDS’ Financial Policy<span class="_ _24e"/>, DFDS can hedge balance exposure, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">expected cash flo<span class="_ _2"/>ws from opera<span class="_ _3"/>tions up to four quarters ahead, and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">cash flows fr<span class="_ _2"/>om off-balance sheet contra<span class="_ _3"/>ctual commitments </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Appro<span class="_ _2"/>ximately 92% of DFDS’ r<span class="_ _3"/>evenues in 2023 w<span class="_ _2"/>ere invoiced in for<span class="_ _2"/>eign<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">currencies (2022: 91%) with the most substantial r<span class="_ _2"/>evenue genera<span class="_ _3"/>ted in </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">EUR which accounted for 60% of to<span class="_ _3"/>tal re<span class="_ _3"/>venue (2022: 68%). </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Apart from DKK and EUR, rev<span class="_ _2"/>enue is mainly genera<span class="_ _3"/>ted in SEK, GBP<span class="_ _26"/>, and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">NOK. Howe<span class="_ _2"/>ver<span class="_ _2"/>, SEK, GBP and NOK risks are to a lar<span class="_ _2"/>ge extent offset by </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">costs. USD risk primarily comes fr<span class="_ _2"/>om future bunker consumption and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">charter agreements. EUR is consider<span class="_ _2"/>ed a minor risk due to Denmark’s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">fixed e<span class="_ _2"/>xchange rate polic<span class="_ _2"/>y towards EUR. USD risk is r<span class="_ _3"/>educed by the BAF </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">mechanism as described above<span class="_ _3"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The opera<span class="_ _3"/>tional currenc<span class="_ _3"/>y cash flow is defined as the Group’<span class="_ _2"/>s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">consolidated net curr<span class="_ _2"/>ency cash flows from r<span class="_ _2"/>evenues and opera<span class="_ _2"/>tional<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">costs. The table on the following pa<span class="_ _3"/>ge shows the impac<span class="_ _3"/>t on the Group’<span class="_ _2"/>s<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">opera<span class="_ _3"/>ting profit befor<span class="_ _2"/>e depreciation and amortisation (EBITD<span class="_ _3"/>A) from </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">changes in the foreign e<span class="_ _2"/>xchange ra<span class="_ _3"/>te.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Operational curr<span class="_ _3"/>ency cash flo<span class="_ _3"/>w risk<span class="_ _2a2"> </span> <span class="_ _10c"> </span> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DKK million<span class="_ _23d"> </span><span class="ff2">2023<span class="_ _8f"> </span></span>2022</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">SEK, income statement eff<span class="_ _3"/>ect, 10% strengthening<span class="_ _239"> </span><span class="ls1d ws20">17<span class="_ _10e"> </span></span> 61 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">NOK, income statement eff<span class="_ _3"/>ect, 10% strengthening<span class="_ _17e"> </span>12<span class="_ _e5"> </span> 42 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">GBP<span class="_ _26"/>, income statement effect, 10% str<span class="_ _2"/>engthening<span class="_ _298"> </span>21<span class="_ _e5"> </span> 45 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">TRY<span class="_ _26"/>, income statement effect, 10% str<span class="_ _3"/>engthening<span class="_ _41"> </span><span class="ls22 ws25">-1<span class="_ _4"/>3<span class="_ _ed"> </span></span> -35 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">USD<span class="_ _3"/>, income statement eff<span class="_ _3"/>ect, 10% strengthening<span class="_ _f6"> </span><span class="ls21 ws24">-2<span class="_ _4d"/>1<span class="_ _e5"> </span> -2<span class="_ _4d"/>7<span class="_ _4"/> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Group’<span class="_ _2"/>s most significant currency balance positions ar<span class="_ _3"/>e in EUR, SEK, GBP<span class="_ _24e"/>, NOK, TRY<span class="_ _24e"/>, and USD rela<span class="_ _3"/>ting to debt, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">trade pa<span class="_ _2"/>yables and trade r<span class="_ _3"/>eceivables. All else equal a str<span class="_ _3"/>engthening of SEK, GBP<span class="_ _26"/>, NOK, TRY<span class="_ _24e"/>, and USD against DKK </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">at balance sheet da<span class="_ _3"/>te would hav<span class="_ _2"/>e increased/<span class="_ _2"/>decreased balance sheet items by the amounts pr<span class="_ _2"/>esented below<span class="_ _2"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Currency bal<span class="_ _3"/>ance risk<span class="_ _2a5"> </span> <span class="_ _10c"> </span> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DKK million<span class="_ _23d"> </span><span class="ff2">2023<span class="_ _8f"> </span></span>2022</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">SEK, equity and income statement eff<span class="_ _3"/>ect, 10% strengthening<span class="_ _16f"> </span><span class="ls22 ws25">-1<span class="_ _eb"> </span></span> 2 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">GBP<span class="_ _26"/>, equity and income statement effect, 10% str<span class="_ _2"/>engthening<span class="_ _12"> </span>3<span class="_ _e6"> </span> 2 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">NOK, equity and income statement eff<span class="_ _3"/>ect, 10% strengthening<span class="_ _16f"> </span>1<span class="_ _eb"> </span> 1 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">TRY<span class="_ _26"/>, equity and income statement effect, 10% str<span class="_ _3"/>engthening<span class="_ _204"> </span>0<span class="_ _14d"> </span><span class="ls1e ws21">-7<span class="_ _4c"> </span> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">USD<span class="_ _3"/>, equity and income statement eff<span class="_ _3"/>ect, 10% strengthening<span class="_ _4f"> </span>-6<span class="_ _e6"> </span><span class="ls1a ws1d">-3<span class="_ _4"/> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">1</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">USD<span class="_ _3"/>, equity effect, 10% str<span class="_ _3"/>engthening </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">0<span class="_ _59"> </span> 0</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">1 <span class="_ _3a"> </span>Change in fair value of FX </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">forwar<span class="_ _3"/>ds rela<span class="_ _3"/>ted to commit<span class="ls0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ted investments and futur<span class="_ _2"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">bunker consumption onl<span class="_ _2"/>y <span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">affects equity<span class="_ _24e"/>.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Currency e<span class="_ _2"/>xchange risk</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Currenc<span class="_ _3"/>y ex<span class="_ _3"/>change risk is monitored continuousl<span class="_ _2"/>y and activel<span class="_ _2"/>y hedged to<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">reduce e<span class="_ _2"/>xposure using forward e<span class="_ _2"/>xchange contrac<span class="_ _3"/>ts and currency s<span class="_ _2"/>waps. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Accor<span class="_ _3"/>ding to DFDS’ Financial Policy<span class="_ _24e"/>, DFDS can hedge balance exposure, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">expected cash flo<span class="_ _2"/>ws from opera<span class="_ _3"/>tions up to four quarters ahead, and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">cash flows fr<span class="_ _2"/>om off-balance sheet contra<span class="_ _3"/>ctual commitments </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Appro<span class="_ _2"/>ximately 92% of DFDS’ r<span class="_ _3"/>evenues in 2023 w<span class="_ _2"/>ere invoiced in for<span class="_ _2"/>eign<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">currencies (2022: 91%) with the most substantial r<span class="_ _2"/>evenue genera<span class="_ _3"/>ted in </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">EUR which accounted for 60% of to<span class="_ _3"/>tal re<span class="_ _3"/>venue (2022: 68%). </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Apart from DKK and EUR, rev<span class="_ _2"/>enue is mainly genera<span class="_ _3"/>ted in SEK, GBP<span class="_ _26"/>, and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">NOK. Howe<span class="_ _2"/>ver<span class="_ _2"/>, SEK, GBP and NOK risks are to a lar<span class="_ _2"/>ge extent offset by </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">costs. USD risk primarily comes fr<span class="_ _2"/>om future bunker consumption and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">charter agreements. EUR is consider<span class="_ _2"/>ed a minor risk due to Denmark’s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">fixed e<span class="_ _2"/>xchange rate polic<span class="_ _2"/>y towards EUR. USD risk is r<span class="_ _3"/>educed by the BAF </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">mechanism as described above<span class="_ _3"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The opera<span class="_ _3"/>tional currenc<span class="_ _3"/>y cash flow is defined as the Group’<span class="_ _2"/>s </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">consolidated net curr<span class="_ _2"/>ency cash flows from r<span class="_ _2"/>evenues and opera<span class="_ _2"/>tional<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">costs. The table on the following pa<span class="_ _3"/>ge shows the impac<span class="_ _3"/>t on the Group’<span class="_ _2"/>s<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">opera<span class="_ _3"/>ting profit befor<span class="_ _2"/>e depreciation and amortisation (EBITD<span class="_ _3"/>A) from </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">changes in the foreign e<span class="_ _2"/>xchange ra<span class="_ _3"/>te.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Operational curr<span class="_ _3"/>ency cash flo<span class="_ _3"/>w risk<span class="_ _2a2"> </span> <span class="_ _10c"> </span> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DKK million<span class="_ _23d"> </span><span class="ff2">2023<span class="_ _8f"> </span></span>2022</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">SEK, income statement eff<span class="_ _3"/>ect, 10% strengthening<span class="_ _239"> </span><span class="ls1d ws20">17<span class="_ _10e"> </span></span> 61 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">NOK, income statement eff<span class="_ _3"/>ect, 10% strengthening<span class="_ _17e"> </span>12<span class="_ _e5"> </span> 42 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">GBP<span class="_ _26"/>, income statement effect, 10% str<span class="_ _2"/>engthening<span class="_ _298"> </span>21<span class="_ _e5"> </span> 45 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">TRY<span class="_ _26"/>, income statement effect, 10% str<span class="_ _3"/>engthening<span class="_ _41"> </span><span class="ls22 ws25">-1<span class="_ _4"/>3<span class="_ _ed"> </span></span> -35 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">USD<span class="_ _3"/>, income statement eff<span class="_ _3"/>ect, 10% strengthening<span class="_ _f6"> </span><span class="ls21 ws24">-2<span class="_ _4d"/>1<span class="_ _e5"> </span> -2<span class="_ _4d"/>7<span class="_ _4"/> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Group’<span class="_ _2"/>s most significant currency balance positions ar<span class="_ _3"/>e in EUR, SEK, GBP<span class="_ _24e"/>, NOK, TRY<span class="_ _24e"/>, and USD rela<span class="_ _3"/>ting to debt, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">trade pa<span class="_ _2"/>yables and trade r<span class="_ _3"/>eceivables. All else equal a str<span class="_ _3"/>engthening of SEK, GBP<span class="_ _26"/>, NOK, TRY<span class="_ _24e"/>, and USD against DKK </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">at balance sheet da<span class="_ _3"/>te would hav<span class="_ _2"/>e increased/<span class="_ _2"/>decreased balance sheet items by the amounts pr<span class="_ _2"/>esented below<span class="_ _2"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Currency bal<span class="_ _3"/>ance risk<span class="_ _2a5"> </span> <span class="_ _10c"> </span> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DKK million<span class="_ _23d"> </span><span class="ff2">2023<span class="_ _8f"> </span></span>2022</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">SEK, equity and income statement eff<span class="_ _3"/>ect, 10% strengthening<span class="_ _16f"> </span><span class="ls22 ws25">-1<span class="_ _eb"> </span></span> 2 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">GBP<span class="_ _26"/>, equity and income statement effect, 10% str<span class="_ _2"/>engthening<span class="_ _12"> </span>3<span class="_ _e6"> </span> 2 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">NOK, equity and income statement eff<span class="_ _3"/>ect, 10% strengthening<span class="_ _16f"> </span>1<span class="_ _eb"> </span> 1 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">TRY<span class="_ _26"/>, equity and income statement effect, 10% str<span class="_ _3"/>engthening<span class="_ _204"> </span>0<span class="_ _14d"> </span><span class="ls1e ws21">-7<span class="_ _4c"> </span> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">USD<span class="_ _3"/>, equity and income statement eff<span class="_ _3"/>ect, 10% strengthening<span class="_ _4f"> </span>-6<span class="_ _e6"> </span><span class="ls1a ws1d">-3<span class="_ _4"/> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">1</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">USD<span class="_ _3"/>, equity effect, 10% str<span class="_ _3"/>engthening </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">0<span class="_ _59"> </span> 0</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Liquidity risks</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS Financial Policy is to secur<span class="_ _2"/>e adequate liquidity to meet financial and oper<span class="_ _3"/>ational payment obliga<span class="_ _2"/>tions by </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">maintaining a minimum of 1.2x cash sources o<span class="_ _2"/>ver cash uses for the next 12 months. The y<span class="_ _3"/>ear-end sum of total cash </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and undra<span class="_ _3"/>wn committed fa<span class="_ _3"/>cilities was DKK 3<span class="_ _3"/>,<span class="_ _3"/>509m (2022: DKK 2,<span class="_ _3"/>911m), of which undra<span class="_ _3"/>wn committed facilities </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">amounts to DKK 2,<span class="_ _24e"/>772m (2022: DKK 1,<span class="_ _2"/>722m). </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS’ contra<span class="_ _3"/>ctual maturities of financial instruments, including estima<span class="_ _3"/>ted interest pa<span class="_ _2"/>yments, are stated in the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">table below:</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:440.935546875px;"><span style="position: absolute; display: inline-block; left: 0px; top: 0.0097656px; width: 519.574px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 52.6699px; display: inline-block;">DKK million</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 271.459px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6406px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6406px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 24.8379px; display: inline-block;">2023</span></span></span><span style="position: absolute; display: inline-block; left: 487.5px; top: 19.9297px; width: 34.418px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 34.418px; display: inline-block;">After 5 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 33.4297px; width: 455.836px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 287.889px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 10.0957px; display: inline-block;">0-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 29.2617px; display: inline-block;">1 year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 19.7285px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 23.1621px; display: inline-block;">1-3 y</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 21.1992px; display: inline-block;">ears</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 19.2304px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 44.9414px; display: inline-block;">3-5 years</span></span><span style="position: absolute; display: inline-block; left: 492.406px; top: 33.4297px; width: 26.7656px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 26.7656px; display: inline-block;">years</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 55.4453px; width: 148.518px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 65.502px; display: inline-block;">Non-derivativ</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 11.3789px; display: inline-block;">e f</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 72.1113px; display: inline-block;">inancial assets</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 70.6348px; width: 519.545px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 24.5508px; display: inline-block;">Cash</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 286.6px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.22425px; letter-spacing: -0.22425px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 17.0566px; display: inline-block;">737</span><span style="word-spacing: 0.22425px; letter-spacing: -0.22425px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 85.8535px; width: 519.492px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.95898px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 52.4121px; display: inline-block;">rade receiv</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 133.371px; display: inline-block;">ables including work in progr</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 56.2324px; display: inline-block;">ess services</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.96525px; letter-spacing: -0.96525px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.10352px; display: inline-block;">3</span><span style="word-spacing: 0.96525px; letter-spacing: -0.96525px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 6.79688px; display: inline-block;">,7</span><span style="word-spacing: 0.96525px; letter-spacing: -0.96525px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 4.96289px; display: inline-block;">5</span><span style="word-spacing: 0.96525px; letter-spacing: -0.96525px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.10938px; display: inline-block;">8</span><span style="word-spacing: 0.96525px; letter-spacing: -0.96525px; display: inline-block; margin-left: 0px; width: 58.4415px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 101.072px; width: 519.369px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 66.6035px; display: inline-block;">Receivables fr</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 118.318px; display: inline-block;">om associates and joint v</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 35.2793px; display: inline-block;">entures</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 96.6154px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.1406px; display: inline-block;">38</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 116.291px; width: 519.258px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 56.9648px; display: inline-block;">Other receiv</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 115.6px; display: inline-block;">ables and current assets</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 137.455px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 18.3691px; display: inline-block;">663</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.0156px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 5.16797px; display: inline-block;">1</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.1875px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 132.055px; width: 126.469px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 31.4062px; display: inline-block;">Deriva</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 95.5254px; display: inline-block;">tive financial assets</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 147.244px; width: 519.188px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 86.707px; display: inline-block;">Commodity swaps</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 230.32px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 11.2324px; display: inline-block;">13</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.1875px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 162.463px; width: 519.029px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 42.9785px; display: inline-block;">Interest s</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 59.6719px; display: inline-block;">waps &amp; caps</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 219.838px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.5917px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 11.9355px; display: inline-block;">23</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 10.3359px; display: inline-block;">11</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.0136px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.2145px; letter-spacing: -0.2145px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 11.4785px; display: inline-block;">78</span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 177.682px; width: 519.205px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 47.8535px; display: inline-block;">Cross curr</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 65.8535px; display: inline-block;">ency interest r</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 30.5566px; display: inline-block;">ate sw</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 17.543px; display: inline-block;">aps</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 161.982px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.0429px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 5.83594px; display: inline-block;">7</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.1875px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 192.9px; width: 519.135px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 32.6191px; display: inline-block;">Forwar</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.3301px; display: inline-block;">d ex</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 74.4258px; display: inline-block;">change contrac</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 67.2949px; display: inline-block;">ts and currenc</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 37.377px; display: inline-block;">y swaps</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 93.4511px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 5.83594px; display: inline-block;">7</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0801px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 10.3359px; display: inline-block;">11</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 10.3359px; display: inline-block;">11</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.5877px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.16575px; letter-spacing: -0.16575px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 10.8457px; display: inline-block;">14</span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 213.664px; width: 519.275px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 96.9844px; display: inline-block;">otal financial assets</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 199.26px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 27.0586px; display: inline-block;">5,216</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.1054px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.3926px; display: inline-block;">42</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.5917px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.1523px; display: inline-block;">22</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.1054px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.4512px; display: inline-block;">92</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 235.68px; width: 160.939px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 65.502px; display: inline-block;">Non-derivativ</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 11.3789px; display: inline-block;">e f</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 84.5332px; display: inline-block;">inancial liabilities</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 250.869px; width: 519.598px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 240.445px; display: inline-block;">Bank loans and mortgage on ferries and other ships</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.0156px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 29.1562px; display: inline-block;">-1,194</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 33.0469px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.709px; display: inline-block;">-3,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.3105px; display: inline-block;">303</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.0547px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 29.625px; display: inline-block;">-3,106</span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; width: 35.4199px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 16.9805px; display: inline-block;">-1,1</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 12.1641px; display: inline-block;">46</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 266.088px; width: 519.369px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 69.7617px; display: inline-block;">Issued corpora</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 40.5645px; display: inline-block;">te bonds</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 197.221px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 20.9824px; display: inline-block;">-341</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.244px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 1.29675px; letter-spacing: -1.29675px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.98438px; display: inline-block;">-7</span><span style="word-spacing: 1.29675px; letter-spacing: -1.29675px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 4.71094px; display: inline-block;">4</span><span style="word-spacing: 1.29675px; letter-spacing: -1.29675px; display: inline-block; margin-left: 0px; width: 1.38867px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="width: 4.78125px; display: inline-block;">8</span><span style="word-spacing: 1.29675px; letter-spacing: -1.29675px; display: inline-block; margin-left: 0px; width: 43.3534px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 21.668px; display: inline-block;">-355</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 281.307px; width: 519.668px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 144.428px; display: inline-block;">Lease liabilities (undiscounted)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 156.522px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 3.74414px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 24.4629px; display: inline-block;">1,311</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.6641px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 3.74414px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 26.4727px; display: inline-block;">2,427</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.6641px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 3.74414px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 26.25px; display: inline-block;">1,449</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.6641px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 3.74414px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 26.0332px; display: inline-block;">1,952</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 296.525px; width: 519.375px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.95898px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 41.7539px; display: inline-block;">rade pay</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 26.0156px; display: inline-block;">ables</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 226.852px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.709px; display: inline-block;">-3,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 17.3262px; display: inline-block;">461</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.8477px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 9.92578px; display: inline-block;">-0</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 311.744px; width: 519.504px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 17.9238px; display: inline-block;">Pay</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 165.82px; display: inline-block;">ables to associates and joint ventur</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 10.7402px; display: inline-block;">es</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 125.397px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 9.61523px; display: inline-block;">-3</span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 326.963px; width: 519.27px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 46.3066px; display: inline-block;">Other pay</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 26.0156px; display: inline-block;">ables</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 235.389px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 3.74414px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 17.8066px; display: inline-block;">254</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 342.211px; width: 138.891px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 31.4062px; display: inline-block;">Deriva</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 107.947px; display: inline-block;">tive financial liabilities</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 357.416px; width: 377.52px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 42.9785px; display: inline-block;">Interest s</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 59.6719px; display: inline-block;">waps &amp; caps</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 219.838px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.3125px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="position: absolute; display: inline-block; left: 377.52px; top: 357.416px; width: 135.656px; white-space: pre; word-spacing: 0.63375px; letter-spacing: -0.63375px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 7.64648px; display: inline-block;">-1</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.23828px; display: inline-block;">2</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 48.498px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 15.7031px; display: inline-block;">-30</span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span></span><span style="position: absolute; display: inline-block; left: 513.176px; top: 357.416px; width: 6.18164px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.18164px; display: inline-block;">0</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 372.635px; width: 519.275px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 47.8535px; display: inline-block;">Cross curr</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 65.8535px; display: inline-block;">ency interest r</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 30.5566px; display: inline-block;">ate sw</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 17.543px; display: inline-block;">aps</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 152.789px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 15.5273px; display: inline-block;">-34</span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; width: 57.1875px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.7051px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 7.64648px; display: inline-block;">-1</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 58.0429px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 6.18164px; display: inline-block;">0</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 387.854px; width: 519.287px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 32.6191px; display: inline-block;">Forwar</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.3301px; display: inline-block;">d ex</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 74.4258px; display: inline-block;">change contrac</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 67.2949px; display: inline-block;">ts and currenc</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 37.377px; display: inline-block;">y swaps</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 84.8261px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 7.64648px; display: inline-block;">-1</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.44336px; display: inline-block;">8</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 58.0429px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 408.961px; width: 519.246px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 109.406px; display: inline-block;">otal financial liabilities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 183.041px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 13.0488px; display: inline-block;">-6,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.0117px; display: inline-block;">615</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.9102px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 32.127px; display: inline-block;">-6,490</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 32.291px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 31.2246px; display: inline-block;">-4,941</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 32.291px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.9785px; display: inline-block;">-3,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.0723px; display: inline-block;">098</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 429.695px; width: 519.557px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.2891px; display: inline-block;">otal</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 272.865px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 31.2598px; display: inline-block;">-1,399</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.9102px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 13.0488px; display: inline-block;">-6,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.9492px; display: inline-block;">448</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 32.6719px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 31.2832px; display: inline-block;">-4,919</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.9102px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.9785px; display: inline-block;">-3,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.1426px; display: inline-block;">006</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">4.1 <span class="_ _50"> </span>Financial and opera<span class="_ _3"/>tional risks<span class="ff3"> (<span class="_ _24e"/>continued)</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:424.873046875px;"><span style="position: absolute; display: inline-block; left: 0px; top: 0.0097656px; width: 519.498px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 52.6699px; display: inline-block;">DKK million</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 271.459px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6406px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6406px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.1054px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="width: 23.7949px; display: inline-block;">2022</span></span><span style="position: absolute; display: inline-block; left: 487.453px; top: 19.9297px; width: 34.418px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 34.418px; display: inline-block;">After 5 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 33.4297px; width: 455.836px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 287.889px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 10.0957px; display: inline-block;">0-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 29.2617px; display: inline-block;">1 year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 19.7285px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 23.1621px; display: inline-block;">1-3 y</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 21.1992px; display: inline-block;">ears</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 19.2304px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 44.9414px; display: inline-block;">3-5 years</span></span><span style="position: absolute; display: inline-block; left: 493.469px; top: 33.4297px; width: 26.7656px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 26.7656px; display: inline-block;">years</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 55.4453px; width: 517.213px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 65.502px; display: inline-block;">Non-derivativ</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 11.3789px; display: inline-block;">e f</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 72.1113px; display: inline-block;">inancial assets</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 175.523px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6406px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6406px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6406px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 70.6348px; width: 521.666px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 24.5508px; display: inline-block;">Cash</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 278.279px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 27.6914px; display: inline-block;">1,189 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 85.8535px; width: 521.953px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.95898px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 52.4121px; display: inline-block;">rade receiv</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 133.371px; display: inline-block;">ables including work in progr</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 56.2324px; display: inline-block;">ess services</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0977px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 29.3086px; display: inline-block;">3,343 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 101.072px; width: 521.807px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 66.6035px; display: inline-block;">Receivables fr</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 118.318px; display: inline-block;">om associates and joint v</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 35.2793px; display: inline-block;">entures</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 94.6346px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 23 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.7051px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 116.291px; width: 521.643px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 56.9648px; display: inline-block;">Other receiv</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 115.6px; display: inline-block;">ables and current assets</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 133.084px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 649 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.498px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span>16 </span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 131.539px; width: 517.33px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 31.4062px; display: inline-block;">Deriva</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 95.5254px; display: inline-block;">tive financial assets</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 197.69px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6406px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6406px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6406px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 146.729px; width: 521.531px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 86.707px; display: inline-block;">Commodity swaps</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 227.707px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.078px; letter-spacing: -0.078px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span>27 </span><span style="word-spacing: 0.078px; letter-spacing: -0.078px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 161.947px; width: 521.613px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 42.9785px; display: inline-block;">Interest s</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 59.6719px; display: inline-block;">waps &amp; caps</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 213.768px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span>17</span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; width: 46.4179px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 10.3359px; display: inline-block;">11</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 8.04492px; display: inline-block;">7 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.0529px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 46 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.3125px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 14.373px; display: inline-block;">64 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 177.182px; width: 521.848px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 32.6191px; display: inline-block;">Forwar</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.3301px; display: inline-block;">d ex</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 74.4258px; display: inline-block;">change contrac</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 67.2949px; display: inline-block;">ts and currenc</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 37.377px; display: inline-block;">y swaps</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 93.0761px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.2207px; display: inline-block;">4 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.498px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 71 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 197.945px; width: 519.381px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 96.9844px; display: inline-block;">otal financial assets</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 199.26px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.11719px; display: inline-block;">5</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 21.2402px; display: inline-block;">,252</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.996px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 18.1289px; display: inline-block;">133</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.1054px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.6855px; display: inline-block;">46</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.6154px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 17.9414px; display: inline-block;">135</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 219.961px; width: 517.541px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 65.502px; display: inline-block;">Non-derivativ</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 11.3789px; display: inline-block;">e f</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 84.5332px; display: inline-block;">inancial liabilities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 163.406px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.2364px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6406px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 62.0685px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 235.15px; width: 521.678px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 240.445px; display: inline-block;">Bank loans and mortgage on ferries and other ships</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.8477px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 29.1152px; display: inline-block;">2,667 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 27.2109px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 29.1445px; display: inline-block;">2,644 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 27.2109px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -4,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.9922px; display: inline-block;">827 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.3027px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 8.06836px; display: inline-block;">1,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.0508px; display: inline-block;">785 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 250.369px; width: 521.607px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 69.7617px; display: inline-block;">Issued corpora</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 40.5645px; display: inline-block;">te bonds</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 204.445px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 13.0195px; display: inline-block;">-14</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 38.133px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.4375px; display: inline-block;">290 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 265.588px; width: 521.695px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 144.428px; display: inline-block;">Lease liabilities (undiscounted)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 160.471px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -951 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 27.6211px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -1,293 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1836px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 28.2949px; display: inline-block;">1,407 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.5645px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 8.06836px; display: inline-block;">1,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.291px; display: inline-block;">789 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 280.807px; width: 521.695px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.95898px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 41.7539px; display: inline-block;">rade pay</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 26.0156px; display: inline-block;">ables</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 222.188px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -3,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.6875px; display: inline-block;">661 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.7051px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 296.025px; width: 521.59px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 17.9238px; display: inline-block;">Pay</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 165.82px; display: inline-block;">ables to associates and joint ventur</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 10.7402px; display: inline-block;">es</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 120.756px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 3.74414px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 13.2539px; display: inline-block;">12 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 311.244px; width: 521.982px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 46.3066px; display: inline-block;">Other pay</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 26.0156px; display: inline-block;">ables</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 233.49px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -188 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 326.492px; width: 517.172px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 31.4062px; display: inline-block;">Deriva</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 107.947px; display: inline-block;">tive financial liabilities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 185.109px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6406px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6406px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6406px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 341.682px; width: 521.736px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 86.707px; display: inline-block;">Commodity swaps</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 229.213px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 4.42969px; display: inline-block;"> </span>-1 </span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.7051px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 356.9px; width: 521.578px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 47.8535px; display: inline-block;">Cross curr</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 65.8535px; display: inline-block;">ency interest r</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 30.5566px; display: inline-block;">ate sw</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 17.543px; display: inline-block;">aps</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 161.982px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.2969px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -8 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 372.119px; width: 521.818px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 32.6191px; display: inline-block;">Forwar</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.3301px; display: inline-block;">d ex</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 74.4258px; display: inline-block;">change contrac</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 67.2949px; display: inline-block;">ts and currenc</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 37.377px; display: inline-block;">y swaps</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 83.2793px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 18.1992px; display: inline-block;">-39 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 392.898px; width: 519.129px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 109.406px; display: inline-block;">otal financial liabilities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 185.109px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 3.70898px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.62px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 6.0293px; display: inline-block;">7</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 21.6855px; display: inline-block;">,533</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.9102px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 3.70898px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 27.7793px; display: inline-block;">4,235</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 32.291px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 31.7402px; display: inline-block;">-6,234</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 33.5449px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.32175px; letter-spacing: -0.32175px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 29.5078px; display: inline-block;">-3,574</span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 413.633px; width: 521.93px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.2891px; display: inline-block;">otal</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 269.174px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 29.5664px; display: inline-block;">2,282 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 26.4961px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -4,102 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 27.2109px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -6</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 23.1797px; display: inline-block;">,188 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 25.8516px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -3,439 </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Assumptions for the maturity tabl<span class="_ _3"/>e:</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The maturity anal<span class="_ _2"/>ysis is based on undiscounted cash flows including estimated int<span class="_ _3"/>erest pa<span class="_ _3"/>yments. Interest </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">payments ar<span class="_ _3"/>e estimated based on e<span class="_ _3"/>xisting market conditions.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The undiscounted cash flows r<span class="_ _2"/>elated to derivativ<span class="_ _2"/>e financial liabilities are presented a<span class="_ _3"/>t gross amounts unless the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">parties according to the contr<span class="_ _2"/>act have a right or obliga<span class="_ _3"/>tion to settle a<span class="_ _3"/>t net amount.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Capital structure</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The starting point for determining the lev<span class="_ _2"/>el of capital distribution to shareholders is the current and e<span class="_ _2"/>xpected future </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">financial lever<span class="_ _2"/>age measured as the ra<span class="_ _2"/>tio between NIBD and EBITDA. T<span class="_ _24e"/>arget lever<span class="_ _2"/>age is a ratio betw<span class="_ _3"/>een 2.<span class="_ _3"/>0 and 3.<span class="_ _2"/>0<span class="_ _3"/>. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">NIBD/EBITDA w<span class="_ _2"/>as 2.9 at y<span class="_ _3"/>ear-end 2023<span class="_ _3"/>. For shorter periods, lev<span class="_ _3"/>erage can mo<span class="_ _3"/>ve outside the r<span class="_ _3"/>ange due to special </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">even<span class="_ _3"/>ts, e.g., larger a<span class="_ _3"/>cquisitions.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:341.060546875px;"><span style="position: absolute; display: inline-block; left: 0px; top: 0.0097656px; width: 1187.15px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 54.8848px; display: inline-block;">DKK million </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 1108.28px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 23.9883px; display: inline-block;">2023</span></span><span style="position: absolute; display: inline-block; left: 733.562px; top: 19.9297px; width: 187.406px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 105.996px; display: inline-block;">Expected timing of rec</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 81.873px; display: inline-block;">ycling to income </span></span><span style="position: absolute; display: inline-block; left: 711.344px; top: 33.4297px; width: 231.598px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 231.598px; display: inline-block;">statement or non-current assets of gains/losses </span></span><span style="position: absolute; display: inline-block; left: 768.5px; top: 46.9297px; width: 201.615px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 112.822px; display: inline-block;">recognised in the equity</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 86.7304px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 993.297px; top: 67.7109px; width: 49.248px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 49.248px; display: inline-block;">Fair value </span></span><span style="position: absolute; display: inline-block; left: 986.484px; top: 81.2109px; width: 54.5918px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 55.0195px; display: inline-block;">recognised </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.49588px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 516.594px; top: 94.6797px; width: 43.207px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 43.2363px; display: inline-block;">Notional </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 605.797px; top: 94.6953px; width: 20.4082px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 20.4375px; display: inline-block;">Fair </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 663.797px; top: 94.6953px; width: 20.4082px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 20.4375px; display: inline-block;">Fair </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 986.484px; top: 94.7109px; width: 54.3516px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 54.3516px; display: inline-block;">on hedging </span></span><span style="position: absolute; display: inline-block; left: 460.281px; top: 108.18px; width: 37.2188px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 37.248px; display: inline-block;">Time to </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 515.047px; top: 108.18px; width: 44.543px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 44.5723px; display: inline-block;">principal </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 598.281px; top: 108.195px; width: 28.3887px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 28.8164px; display: inline-block;">value </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.49588px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 655.641px; top: 108.195px; width: 28.3887px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 28.8164px; display: inline-block;">value </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.49588px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 930.359px; top: 108.195px; width: 25.8223px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 26.25px; display: inline-block;">After </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.49588px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 1003.48px; top: 108.227px; width: 37.3652px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 37.793px; display: inline-block;">reserve </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.49588px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 176.766px; top: 121.68px; width: 84.6445px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 84.6445px; display: inline-block;">Hedge instrument</span></span><span style="position: absolute; display: inline-block; left: 455.578px; top: 121.68px; width: 40.9219px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 40.9219px; display: inline-block;">maturity</span></span><span style="position: absolute; display: inline-block; left: 519.562px; top: 121.68px; width: 36.8789px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 36.8789px; display: inline-block;">amount</span></span><span style="position: absolute; display: inline-block; left: 593.062px; top: 121.695px; width: 31.377px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 31.377px; display: inline-block;">assets</span></span><span style="position: absolute; display: inline-block; left: 638.312px; top: 121.711px; width: 244.289px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 43.7988px; display: inline-block;">liabilities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.0547px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 23.2441px; display: inline-block;">0-1 y</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 16.1074px; display: inline-block;">ear</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 20.4317px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 5.53125px; display: inline-block;">1</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 38.8301px; display: inline-block;">-3 years</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 18.6797px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 44.9414px; display: inline-block;">3-5 years</span></span><span style="position: absolute; display: inline-block; left: 920.359px; top: 121.711px; width: 34.9395px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 34.9395px; display: inline-block;">5 years</span></span><span style="position: absolute; display: inline-block; left: 998.422px; top: 121.727px; width: 187.752px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 40.2773px; display: inline-block;">in equity</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.2227px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.8145px; display: inline-block;">Av</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 72.1406px; display: inline-block;">erage hedge ra</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 9.62695px; display: inline-block;">te</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 143.742px; width: 137.994px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 109.348px; display: inline-block;">Expected future transa</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 29.1094px; display: inline-block;">ctions</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 162.322px; width: 807.691px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 35.7773px; display: inline-block;">Interest</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 141.691px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 21.3574px; display: inline-block;">Inter</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 68.6133px; display: inline-block;">est swaps DKK</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 183.727px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0-5 y</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 22.9453px; display: inline-block;">ears </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.6641px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.06836px; display: inline-block;">1,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 11.9355px; display: inline-block;">54</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.83594px; display: inline-block;">7</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.7051px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 11.9355px; display: inline-block;">23</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.7636px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 12.2871px; display: inline-block;">-17</span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; width: 67.8926px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.5877px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="position: absolute; display: inline-block; left: 807.691px; top: 162.322px; width: 140.473px; white-space: pre; word-spacing: 0.08775px; letter-spacing: -0.08775px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 11.0684px; display: inline-block;">18</span><span style="word-spacing: 0.08775px; letter-spacing: -0.08775px; display: inline-block; margin-left: 0px; width: 49.3125px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 7.64648px; display: inline-block;">-1</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.23828px; display: inline-block;">2</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 66.8145px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span></span><span style="position: absolute; display: inline-block; left: 948.164px; top: 162.322px; width: 238.922px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.6094px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.15234px; display: inline-block;">6</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 119.197px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.76562px; display: inline-block;">2.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.4785px; display: inline-block;">59%</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 177.541px; width: 1186.98px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 35.7773px; display: inline-block;">Interest</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 141.691px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 21.3574px; display: inline-block;">Inter</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 68.4844px; display: inline-block;">est swaps EUR</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 181.19px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 9.92578px; display: inline-block;">0-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 39.3926px; display: inline-block;">10 years</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.4199px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 26.1211px; display: inline-block;">2,410</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.2461px; display: inline-block;">89</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 8.21484px; display: inline-block;">-2</span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.22656px; display: inline-block;">5</span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; width: 67.377px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.8477px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 9.82031px; display: inline-block;">-8</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.8477px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 9.89648px; display: inline-block;">-6</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 60.2636px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.2145px; letter-spacing: -0.2145px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 11.4785px; display: inline-block;">78</span><span style="word-spacing: 0.2145px; letter-spacing: -0.2145px; display: inline-block; margin-left: 0px; width: 73.254px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 12.1641px; display: inline-block;">64</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 119.197px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.76562px; display: inline-block;">2.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.625px; display: inline-block;">03%</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 192.76px; width: 1187.32px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 52.3125px; display: inline-block;">Bond loans</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 124.998px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 37.6289px; display: inline-block;">Currenc</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 37.377px; display: inline-block;">y swaps</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 198.556px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0-5 years </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.4062px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 18.2754px; display: inline-block;">995</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 62.0685px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 5.83594px; display: inline-block;">7</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.9315px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 7.64648px; display: inline-block;">-1</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 67.377px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.07031px; display: inline-block;">3</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.8477px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 9.61523px; display: inline-block;">-3</span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; width: 65.7127px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 79.3534px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.6699px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 53.7539px; display: inline-block;">NOK/DKK 0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 21.1523px; display: inline-block;">.659</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 207.979px; width: 1187.05px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 52.3125px; display: inline-block;">Bond loans</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 124.998px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 47.8535px; display: inline-block;">Cross curr</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 65.8535px; display: inline-block;">ency interest r</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 23.0332px; display: inline-block;">ate s</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 27.2812px; display: inline-block;">waps </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 119.197px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 9.92578px; display: inline-block;">0-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 28.2188px; display: inline-block;">1 year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.3534px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 17.9531px; display: inline-block;">265</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.2364px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.5489px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 15.5273px; display: inline-block;">-34</span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; width: 66.8145px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 6.15234px; display: inline-block;">6</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.1875px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 66.1815px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.6094px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.15234px; display: inline-block;">6</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 30.6621px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 53.7539px; display: inline-block;">NOK/DKK 0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 2.90039px; display: inline-block;">.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 42.5508px; display: inline-block;">7637 + 1.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.7305px; display: inline-block;">09%</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 223.197px; width: 1187.03px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 108.656px; display: inline-block;">Ferry investments and f</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 54.7324px; display: inline-block;">erry charter</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 14.4082px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 32.6191px; display: inline-block;">Forwar</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 81.6211px; display: inline-block;">d exchange contr</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.8066px; display: inline-block;">acts</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 141.141px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 44.1387px; display: inline-block;">0-9 years</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.9784px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 18.0293px; display: inline-block;">595</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.7188px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 11.1738px; display: inline-block;">41</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.4727px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.494px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 7.64648px; display: inline-block;">-1</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 54.6386px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 9.61523px; display: inline-block;">-3</span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; width: 54.2227px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="width: 9.61523px; display: inline-block;">-3</span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; width: 62.508px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="width: 9.61523px; display: inline-block;">-3</span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; width: 70.3654px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 7.64648px; display: inline-block;">-1</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.54883px; display: inline-block;">0</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 70.7696px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 72.3398px; display: inline-block;">EUR/USD 1.267</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 6.01172px; display: inline-block;">4</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 241.822px; width: 144.516px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 81.4922px; display: inline-block;">Off-balance shee</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 63.4863px; display: inline-block;">t contractual </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 255.322px; width: 673.459px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 64.6758px; display: inline-block;">commitments</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 112.564px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 32.6191px; display: inline-block;">Forwar</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.3301px; display: inline-block;">d ex</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 68.6895px; display: inline-block;">change contra</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 73.0312px; display: inline-block;">cts and currenc</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 37.377px; display: inline-block;">y swaps</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.0332px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 30.4336px; display: inline-block;">1 year </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 33.5449px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 26.0039px; display: inline-block;">1,342</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 62.0685px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 5.16797px; display: inline-block;">1</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.498px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="position: absolute; display: inline-block; left: 673.459px; top: 255.322px; width: 138.99px; white-space: pre; word-spacing: 0.702px; letter-spacing: -0.702px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 8.21484px; display: inline-block;">-2</span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; width: 65.0858px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 7.64648px; display: inline-block;">-1</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 58.0429px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span></span><span style="position: absolute; display: inline-block; left: 812.449px; top: 255.322px; width: 374.725px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.1875px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 66.1815px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 76.5352px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 7.64648px; display: inline-block;">-1</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 71.2207px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 51.5625px; display: inline-block;">EUR/DKK 7</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 27.0879px; display: inline-block;">.4580</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 277.367px; width: 111.756px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 111.756px; display: inline-block;">Other financial hedging</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 292.557px; width: 1185.97px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 62.4316px; display: inline-block;">Commodities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 114.885px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 91.125px; display: inline-block;">Commodity hedges</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 188.115px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 28.2188px; display: inline-block;">1 year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.244px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 17.1152px; display: inline-block;">128</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 56.0977px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 11.2324px; display: inline-block;">13</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6406px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 11.2324px; display: inline-block;">13</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.1875px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 66.1815px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.6699px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 11.2324px; display: inline-block;">13</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 130.306px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.65039px; display: inline-block;">N</span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 9.30469px; display: inline-block;">/A</span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 307.775px; width: 1186.18px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 130.412px; display: inline-block;">Sales and goods purchased</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.9042px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 32.6191px; display: inline-block;">Forwar</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 81.6211px; display: inline-block;">d exchange contr</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 62.2266px; display: inline-block;">acts and curr</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 37.0312px; display: inline-block;">ency sw</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 17.543px; display: inline-block;">aps</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.5877px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 9.92578px; display: inline-block;">0-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 28.2188px; display: inline-block;">1 year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.8946px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 25.4707px; display: inline-block;">1,391</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 62.508px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 5.16797px; display: inline-block;">1</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.5741px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 7.64648px; display: inline-block;">-1</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.51953px; display: inline-block;">6</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 67.377px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 65.7127px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 78.6094px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 130.306px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.65039px; display: inline-block;">N</span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 9.30469px; display: inline-block;">/A</span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 329.82px; width: 608.555px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.2891px; display: inline-block;">otal</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 584.092px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="position: absolute; display: inline-block; left: 608.555px; top: 329.82px; width: 198.094px; white-space: pre; word-spacing: 0.8385px; letter-spacing: -0.8385px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 9.87891px; display: inline-block;">17</span><span style="word-spacing: 0.8385px; letter-spacing: -0.8385px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.2793px; display: inline-block;">5</span><span style="word-spacing: 0.8385px; letter-spacing: -0.8385px; display: inline-block; margin-left: 0px; width: 42.1054px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 15.9023px; display: inline-block;">-95</span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; width: 62.0685px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span></span><span style="width: 9.87891px; display: inline-block;">17</span><span style="word-spacing: 0.8385px; letter-spacing: -0.8385px; display: inline-block; margin-left: 0px; width: 52.5877px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span></span><span style="position: absolute; display: inline-block; left: 806.648px; top: 329.82px; width: 60.2812px; white-space: pre; word-spacing: 0.06825px; letter-spacing: -0.06825px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 11.7832px; display: inline-block;">10</span><span style="word-spacing: 0.06825px; letter-spacing: -0.06825px; display: inline-block; margin-left: 0px; width: 48.498px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span></span><span style="position: absolute; display: inline-block; left: 866.93px; top: 329.82px; width: 172.283px; white-space: pre; word-spacing: 0.51675px; letter-spacing: -0.51675px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 14.5488px; display: inline-block;">-24</span><span style="word-spacing: 0.51675px; letter-spacing: -0.51675px; display: inline-block; margin-left: 0px; width: 60.8205px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span><span style="word-spacing: 0.32175px; letter-spacing: -0.32175px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 11.4961px; display: inline-block;">75</span><span style="word-spacing: 0.32175px; letter-spacing: -0.32175px; display: inline-block; margin-left: 0px; width: 73.254px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span><span style="word-spacing: 0.08775px; letter-spacing: -0.08775px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 12.1641px; display: inline-block;">78</span></span></span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:307.669921875px;"><span style="position: absolute; display: inline-block; left: 0px; top: 0.0097656px; width: 1186.96px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 54.8848px; display: inline-block;">DKK million </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 1108.28px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 23.7949px; display: inline-block;">2022</span></span><span style="position: absolute; display: inline-block; left: 733.562px; top: 19.9297px; width: 187.652px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 105.996px; display: inline-block;">Expected timing of rec</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 82.1191px; display: inline-block;">ycling to Income </span></span><span style="position: absolute; display: inline-block; left: 711.344px; top: 33.4453px; width: 231.598px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 231.598px; display: inline-block;">statement or non-current assets of gains/losses </span></span><span style="position: absolute; display: inline-block; left: 768.5px; top: 46.9453px; width: 201.615px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 112.822px; display: inline-block;">recognised in the equity</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 86.7304px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 993.297px; top: 67.7266px; width: 49.248px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 49.248px; display: inline-block;">Fair value </span></span><span style="position: absolute; display: inline-block; left: 986.484px; top: 81.2266px; width: 54.5918px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 55.0195px; display: inline-block;">recognised </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.49588px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 516.594px; top: 94.6953px; width: 43.207px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 43.2363px; display: inline-block;">Notional </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 605.797px; top: 94.6953px; width: 20.4082px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 20.4375px; display: inline-block;">Fair </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 663.797px; top: 94.7109px; width: 20.4082px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 20.4375px; display: inline-block;">Fair </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 986.484px; top: 94.7266px; width: 54.3516px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 54.3516px; display: inline-block;">on hedging </span></span><span style="position: absolute; display: inline-block; left: 460.281px; top: 108.18px; width: 37.2188px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 37.248px; display: inline-block;">Time to </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 515.047px; top: 108.195px; width: 44.543px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 44.5723px; display: inline-block;">principal </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 598.281px; top: 108.195px; width: 28.3887px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 28.8164px; display: inline-block;">value </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.49588px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 655.641px; top: 108.211px; width: 28.3887px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 28.8164px; display: inline-block;">value </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.49588px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 930.359px; top: 108.211px; width: 25.8223px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 26.25px; display: inline-block;">After </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.49588px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 1003.48px; top: 108.227px; width: 37.3652px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 37.793px; display: inline-block;">reserve </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.49588px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 176.766px; top: 121.68px; width: 84.6445px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 84.6445px; display: inline-block;">Hedge instrument</span></span><span style="position: absolute; display: inline-block; left: 455.578px; top: 121.68px; width: 40.9219px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 40.9219px; display: inline-block;">maturity</span></span><span style="position: absolute; display: inline-block; left: 519.562px; top: 121.695px; width: 36.8789px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 36.8789px; display: inline-block;">amount</span></span><span style="position: absolute; display: inline-block; left: 593.062px; top: 121.711px; width: 31.377px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 31.377px; display: inline-block;">assets</span></span><span style="position: absolute; display: inline-block; left: 638.312px; top: 121.711px; width: 244.289px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 43.7988px; display: inline-block;">liabilities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.0547px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 23.2441px; display: inline-block;">0-1 y</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 16.1074px; display: inline-block;">ear</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 20.4317px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 5.53125px; display: inline-block;">1</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 38.8301px; display: inline-block;">-3 years</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 18.6797px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 44.9414px; display: inline-block;">3-5 years</span></span><span style="position: absolute; display: inline-block; left: 920.359px; top: 121.711px; width: 34.9395px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 34.9395px; display: inline-block;">5 years</span></span><span style="position: absolute; display: inline-block; left: 998.422px; top: 121.727px; width: 187.752px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 40.2773px; display: inline-block;">in equity</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.2227px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.8145px; display: inline-block;">Av</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 72.1406px; display: inline-block;">erage hedge ra</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 9.62695px; display: inline-block;">te</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 143.742px; width: 137.994px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 109.348px; display: inline-block;">Expected future transa</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 29.1094px; display: inline-block;">ctions</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 162.338px; width: 1186.48px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 35.7773px; display: inline-block;">Interest</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 141.141px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 89.9648px; display: inline-block;">Interest swaps DKK</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 179.736px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 40.5938px; display: inline-block;">11 years </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.748px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 929 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 14.0215px; display: inline-block;">79 </span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; width: 44.244px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 21 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.0529px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 43 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.6154px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 15 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.4142px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 70.7696px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 14.0215px; display: inline-block;">79 </span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; width: 123.685px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="word-spacing: 0.585px; letter-spacing: -0.585px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 13.4004px; display: inline-block;">0.8</span><span style="word-spacing: 0.585px; letter-spacing: -0.585px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 7.79297px; display: inline-block;">%</span></span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 177.557px; width: 1187.16px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 35.7773px; display: inline-block;">Interest</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 141.141px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 89.8418px; display: inline-block;">Interest swaps EUR</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 181.658px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 9.92578px; display: inline-block;">0-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 38.3789px; display: inline-block;">11 years</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.4199px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 26.2793px; display: inline-block;">1,388</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.4727px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.16575px; letter-spacing: -0.16575px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 16.752px; display: inline-block;">148</span><span style="word-spacing: 0.16575px; letter-spacing: -0.16575px; display: inline-block; margin-left: 0px; width: 46.4179px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> 0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 62.0685px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.08775px; letter-spacing: -0.08775px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 11.0684px; display: inline-block;">18</span><span style="word-spacing: 0.08775px; letter-spacing: -0.08775px; display: inline-block; margin-left: 0px; width: 51.5917px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 11.9941px; display: inline-block;">35</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.5877px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 11.2324px; display: inline-block;">31</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.8594px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.1641px; display: inline-block;">64</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 67.8926px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.16575px; letter-spacing: -0.16575px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 16.752px; display: inline-block;">148</span><span style="word-spacing: 0.16575px; letter-spacing: -0.16575px; display: inline-block; margin-left: 0px; width: 125.824px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 22.3125px; display: inline-block;">1.2%</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 192.775px; width: 1187.16px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 35.7773px; display: inline-block;">Interest</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 141.141px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 46.7754px; display: inline-block;">Caps EUR</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 225.914px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 36.2637px; display: inline-block;">4 years </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.5645px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 1,190 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 4.42969px; display: inline-block;"> </span>17</span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; width: 44.244px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 15 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.4727px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.0156px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 67.377px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 15 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 131.016px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 14.5605px; display: inline-block;">0%</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 207.994px; width: 1187.55px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 52.3125px; display: inline-block;">Bond loans</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 124.998px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 47.8535px; display: inline-block;">Cross curr</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 65.8535px; display: inline-block;">ency interest r</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 23.0332px; display: inline-block;">ate s</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 25.0723px; display: inline-block;">waps</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 112.564px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0-5 years </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 20.2266px; display: inline-block;">283 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.6386px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.0529px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.0352px; display: inline-block;">-8 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 60.2636px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.6154px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 15 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.0156px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 67.377px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 15 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 32.291px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 56.6484px; display: inline-block;">NOK/DKK 0.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.0527px; display: inline-block;">763</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 40.8047px; display: inline-block;">7+1.09%</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 223.213px; width: 1187.12px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 103.664px; display: inline-block;">Ferry investment and f</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 54.7324px; display: inline-block;">erry charter</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 19.2304px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 46.7227px; display: inline-block;">Forward e</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 79.6406px; display: inline-block;">xchange contrac</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 8.67773px; display: inline-block;">ts</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 139.306px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0-9 y</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 22.9453px; display: inline-block;">ears </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.5489px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 20.2324px; display: inline-block;">704 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.0332px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 71 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.244px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.8594px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.0136px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 1 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.5917px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 1 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.4142px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 2 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.4395px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 4 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 67.8926px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 72.3398px; display: inline-block;">EUR/USD 1.267</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 6.01172px; display: inline-block;">4</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 245.258px; width: 111.756px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 111.756px; display: inline-block;">Other financial hedging</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 260.447px; width: 608.719px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 62.4316px; display: inline-block;">Commodities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 114.885px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 91.125px; display: inline-block;">Commodity hedges</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 188.115px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 28.2188px; display: inline-block;">1 year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.9784px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 20.3789px; display: inline-block;">464 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.3125px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="position: absolute; display: inline-block; left: 608.719px; top: 260.447px; width: 129.568px; white-space: pre; word-spacing: 0.078px; letter-spacing: -0.078px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 4.42969px; display: inline-block;"> </span>27 </span><span style="word-spacing: 0.078px; letter-spacing: -0.078px; display: inline-block; margin-left: 0px; width: 46.9042px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 7.64648px; display: inline-block;">-1</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 54.2227px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span></span><span style="position: absolute; display: inline-block; left: 738.287px; top: 260.447px; width: 447.949px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> 26 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.4727px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.4142px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 66.1815px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 26 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 128.045px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.65039px; display: inline-block;">N</span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 9.30469px; display: inline-block;">/A</span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 275.666px; width: 1186.55px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 130.412px; display: inline-block;">Sales and goods purchased</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.9042px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 32.6191px; display: inline-block;">Forwar</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 81.6211px; display: inline-block;">d exchange contr</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.8066px; display: inline-block;">acts</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 145.494px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 30.4336px; display: inline-block;">1 year </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.3027px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 1,3</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 14.1973px; display: inline-block;">76 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.6386px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 3 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.0664px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -38 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.8594px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.4727px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.0156px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 72.4395px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 128.045px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.65039px; display: inline-block;">N</span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 9.30469px; display: inline-block;">/A</span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 296.43px; width: 666.844px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.2891px; display: inline-block;">otal</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 152.789px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 312.31px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.4142px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.9042px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 345 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.873px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="position: absolute; display: inline-block; left: 666.844px; top: 296.43px; width: 138.99px; white-space: pre; word-spacing: 0.65325px; letter-spacing: -0.65325px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 3.05273px; display: inline-block;">-</span><span style="word-spacing: 0.65325px; letter-spacing: -0.65325px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 11.0391px; display: inline-block;">47</span><span style="word-spacing: 0.65325px; letter-spacing: -0.65325px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span><span style="word-spacing: 0.65325px; letter-spacing: -0.65325px; display: inline-block; margin-left: 0px; width: 56.0977px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span><span style="word-spacing: 0.039px; letter-spacing: -0.039px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span>79 </span><span style="word-spacing: 0.039px; letter-spacing: -0.039px; display: inline-block; margin-left: 0px; width: 48.9315px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span></span></span><span style="position: absolute; display: inline-block; left: 805.834px; top: 296.43px; width: 235.236px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 14.7539px; display: inline-block;">94 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.0332px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.65325px; letter-spacing: -0.65325px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 11.0391px; display: inline-block;">47</span><span style="word-spacing: 0.65325px; letter-spacing: -0.65325px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span><span style="word-spacing: 0.65325px; letter-spacing: -0.65325px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> 66 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.8594px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 286 </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In 2023, tw<span class="_ _2"/>o interest ra<span class="_ _3"/>te swaps w<span class="_ _3"/>ere set<span class="_ _2"/>tled in relation to the sale and leaseback of thr<span class="_ _3"/>ee freight f<span class="_ _3"/>erries. <span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Due to positive mark<span class="_ _3"/>et values on the s<span class="_ _3"/>waps, a gain of DKK 33m was r<span class="_ _2"/>ecognised in the income statement. <span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">No other financial hedges wer<span class="_ _2"/>e deemed inefficient hence no fur<span class="_ _4"/>ther gain or loss was recognised in the <span class="_ _3"/><span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">income statement f<span class="_ _3"/>or hedges qualifying for hedge accounting (2022: none<span class="_ _3"/>). </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The fair value of the in<span class="_ _3"/>terest sw<span class="_ _2"/>aps has been calculated by discounting the expec<span class="_ _3"/>ted future inter<span class="_ _2"/>est payments. <span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The discount ra<span class="_ _3"/>te for each inter<span class="_ _2"/>est payment is estimated based on marke<span class="_ _3"/>t interest r<span class="_ _2"/>ates. The fair value of forw<span class="_ _3"/>ard </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ex<span class="_ _2"/>change contracts and bunker contr<span class="_ _2"/>acts are calculated based on a<span class="_ _3"/>ctual forwar<span class="_ _3"/>d curves.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">4.2 <span class="_ _27"> </span>Information on financial instruments</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:263.669921875px;"><span style="position: absolute; display: inline-block; left: 0px; top: 0.0097656px; width: 519.574px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 52.6699px; display: inline-block;">DKK million</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 374.027px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 24.8379px; display: inline-block;">2023</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.244px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="width: 23.7949px; display: inline-block;">2022</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 22.0547px; width: 517.518px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 258.322px; display: inline-block;">Carrying amount per category of financial instruments</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 257.133px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 37.2441px; width: 517.348px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 134.221px; display: inline-block;">Financial assets measured a</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 52.5352px; display: inline-block;">t fair value:</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 328.84px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 52.4629px; width: 521.824px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 41.584px; display: inline-block;">Derivativ</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 85.2949px; display: inline-block;">es, related to oper</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 68.9473px; display: inline-block;">ating activities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 244.705px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.082px; display: inline-block;">56</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 19.4355px; display: inline-block;">102 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 67.6816px; width: 521.965px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 41.584px; display: inline-block;">Derivativ</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 85.0137px; display: inline-block;">es, related to inter</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 98.918px; display: inline-block;">est-bearing activities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 211.102px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 16.5117px; display: inline-block;">119</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.4727px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 20.0977px; display: inline-block;">244 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 82.9004px; width: 517.693px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 134.221px; display: inline-block;">Financial assets measured a</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 79.0957px; display: inline-block;">t amortised cost:</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 302.625px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 98.1191px; width: 310.482px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.95898px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 52.4121px; display: inline-block;">rade receiv</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 148.465px; display: inline-block;">ables, receivables from associa</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 89.0273px; display: inline-block;">tes and joint ventur</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.0586px; display: inline-block;">es, </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 111.619px; width: 522.018px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 55.166px; display: inline-block;">other receiv</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 71.5605px; display: inline-block;">ables and cash</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 299.285px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.43875px; letter-spacing: -0.43875px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 13.6934px; display: inline-block;">5,0</span><span style="word-spacing: 0.43875px; letter-spacing: -0.43875px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.63086px; display: inline-block;">3</span><span style="word-spacing: 0.43875px; letter-spacing: -0.43875px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.73633px; display: inline-block;">9</span><span style="word-spacing: 0.43875px; letter-spacing: -0.43875px; display: inline-block; margin-left: 0px; width: 37.0664px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> 4,989 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 126.838px; width: 517.002px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 134.221px; display: inline-block;">Financial assets measured a</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 64.8574px; display: inline-block;">t fair value thr</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 86.2617px; display: inline-block;">ough profit or loss:</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 230.777px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 142.072px; width: 521.484px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 46.2949px; display: inline-block;">Securities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 399.623px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 5.87109px; display: inline-block;">2</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.1875px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 2 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 157.291px; width: 517.688px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 145.289px; display: inline-block;">Financial liabilities measured a</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 52.5352px; display: inline-block;">t fair value:</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 318.111px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 172.51px; width: 521.777px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 41.584px; display: inline-block;">Derivativ</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 85.2949px; display: inline-block;">es, related to oper</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 68.9473px; display: inline-block;">ating activities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 242.431px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 7.64648px; display: inline-block;">-1</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.44336px; display: inline-block;">8</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 50.0332px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 14.4023px; display: inline-block;">40 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 187.729px; width: 521.76px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 41.584px; display: inline-block;">Derivativ</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 85.0137px; display: inline-block;">es, related to inter</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 98.918px; display: inline-block;">est-bearing activities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 213.176px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 1.29675px; letter-spacing: -1.29675px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.98438px; display: inline-block;">-7</span><span style="word-spacing: 1.29675px; letter-spacing: -1.29675px; display: inline-block; margin-left: 0px; width: 1.38867px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="width: 4.53516px; display: inline-block;">7</span><span style="word-spacing: 1.29675px; letter-spacing: -1.29675px; display: inline-block; margin-left: 0px; width: 59.8594px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 12.0352px; display: inline-block;">-8 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 202.947px; width: 517.055px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 145.289px; display: inline-block;">Financial liabilities measured a</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 79.0957px; display: inline-block;">t amortised cost:</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 290.918px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 218.166px; width: 312.92px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 35.7773px; display: inline-block;">Interest</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 134.467px; display: inline-block;">-bearing liabilities, trade pay</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 144.41px; display: inline-block;">ables, payables to associates </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 231.666px; width: 521.871px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 72.3984px; display: inline-block;">and joint ventur</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 80.8418px; display: inline-block;">es, and other pay</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 26.0156px; display: inline-block;">ables</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 239.742px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 3.74414px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 31.2012px; display: inline-block;">19,215</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.9102px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 11.3438px; display: inline-block;">19</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 22.2129px; display: inline-block;">,451 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 252.43px; width: 521.801px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.2891px; display: inline-block;">otal</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 390.405px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 18.5273px; display: inline-block;">-14,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.8789px; display: inline-block;">095</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1836px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 34.8516px; display: inline-block;">14,162 </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Hierarch<span class="_ _3"/>y of financial instruments measured at fair v<span class="_ _2"/>alue</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The table below r<span class="_ _3"/>anks financial instruments carried a<span class="_ _3"/>t fair value b<span class="_ _3"/>y valua<span class="_ _3"/>tion method. The differen<span class="_ _3"/>t levels ha<span class="_ _3"/>ve </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">been defined as follows:</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">• <span class="_ _3b"> </span><span class="ff2 ws0">Le<span class="_ _3"/>vel 1: <span class="ff3">Quoted prices in an a<span class="_ _3"/>ctive mark<span class="_ _3"/>et for identical type of instrument, i.e. without change in f<span class="_ _3"/>orm or content </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(modification or r<span class="_ _3"/>epackaging).<span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">• <span class="_ _3b"> </span><span class="ff2 ws0">Le<span class="_ _3"/>vel 2: <span class="ff3">Quoted prices in an a<span class="_ _3"/>ctive mark<span class="_ _3"/>et for similar assets or liabilities or other v<span class="_ _3"/>aluation methods wher<span class="_ _2"/>e all<span class="_ _4"/> </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">material input is based on observable mark<span class="_ _3"/>et data.<span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">• <span class="_ _b8"> </span><span class="ff2 ws0">Level 3: <span class="ff3">V<span class="_ _2"/>aluation methods where possible ma<span class="_ _3"/>terial input is not based on observable marke<span class="_ _3"/>t data.</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:234.248046875px;"><span style="position: absolute; display: inline-block; left: 0px; top: 0.0097656px; width: 521.678px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 52.6699px; display: inline-block;">DKK million</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 326.197px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 65.7127px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.6154px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 24.8379px; display: inline-block;">2023</span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 349.547px; top: 20.7734px; width: 168.363px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 16.6055px; display: inline-block;">Lev</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 16.4121px; display: inline-block;">el 1</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.6641px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 33.5625px; display: inline-block;">Level 2</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.6641px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 16.6055px; display: inline-block;">Lev</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 17.1797px; display: inline-block;">el 3</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 42.7598px; width: 519.709px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 41.584px; display: inline-block;">Derivativ</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 89.666px; display: inline-block;">es, financial assets</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 246.943px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.0136px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 9.36328px; display: inline-block;">17</span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.10938px; display: inline-block;">5</span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; width: 63.1406px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 6.18164px; display: inline-block;">0</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 57.9785px; width: 519.387px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 125.221px; display: inline-block;">Securities, financial assets</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 252.223px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6406px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 62.0685px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 5.87109px; display: inline-block;">2</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 73.1973px; width: 519.234px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 41.584px; display: inline-block;">Derivativ</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 100.729px; display: inline-block;">es, financial liabilities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 235.881px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.0136px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.117px; letter-spacing: -0.117px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 9.68555px; display: inline-block;">-9</span><span style="word-spacing: 0.117px; letter-spacing: -0.117px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.8125px; display: inline-block;">5</span><span style="word-spacing: 0.117px; letter-spacing: -0.117px; display: inline-block; margin-left: 0px; width: 61.6406px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 6.18164px; display: inline-block;">0</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 93.9766px; width: 519.246px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.2891px; display: inline-block;">otal</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 352.664px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.38672px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.6973px; display: inline-block;">80</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6406px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.07617px; display: inline-block;">2</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 127.775px; width: 521.66px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 376.882px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 65.7127px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.4179px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 26.0039px; display: inline-block;">2022 </span></span><span style="position: absolute; display: inline-block; left: 351.062px; top: 149.82px; width: 168.363px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 16.6055px; display: inline-block;">Lev</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 16.4121px; display: inline-block;">el 1</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.6641px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 33.5625px; display: inline-block;">Level 2</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.6641px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 16.6055px; display: inline-block;">Lev</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 17.1797px; display: inline-block;">el 3</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 171.807px; width: 522.006px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 41.584px; display: inline-block;">Derivativ</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 89.666px; display: inline-block;">es, financial assets</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 242.431px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7832px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 20.4375px; display: inline-block;">346 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 187.025px; width: 521.42px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 125.221px; display: inline-block;">Securities, financial assets</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 247.4px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 2 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 202.244px; width: 521.924px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 41.584px; display: inline-block;">Derivativ</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 100.729px; display: inline-block;">es, financial liabilities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 231.562px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.2969px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 14.2969px; display: inline-block;">48 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 223.008px; width: 521.479px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.2891px; display: inline-block;">otal</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 352.664px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.44922px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.9784px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 298 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.8594px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.13281px; display: inline-block;">2 </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Derivativ<span class="_ _2"/>e financial assets and liabilities are all measured a<span class="_ _3"/>t level 2. Ref<span class="_ _3"/>erence is made to no<span class="_ _3"/>te 4.1 for description <span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of the valua<span class="_ _3"/>tion method.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Securities, financial assets measured a<span class="_ _3"/>t fair value thr<span class="_ _2"/>ough the income statement comprise minor unlisted shares </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and investments as w<span class="_ _3"/>ell as other inv<span class="_ _3"/>estments of DKK 2m (2022: DKK 2m). </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">T<span class="_ _24e"/>ransfers between le<span class="_ _2"/>vels of the fair value hier<span class="_ _3"/>archy ar<span class="_ _2"/>e considered to hav<span class="_ _3"/>e occurred at the da<span class="_ _2"/>te of the event or </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">change in circumstances tha<span class="_ _3"/>t caused the transf<span class="_ _3"/>er<span class="_ _2"/>. There w<span class="_ _3"/>ere no tr<span class="_ _3"/>ansfers between the le<span class="_ _2"/>vels in the fair value </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">hierar<span class="_ _2"/>chy in 2023 (2022: No transfers).</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">4.2 <span class="_ _27"> </span>Information on financial instruments <span class="ff3">(<span class="_ _2"/>continued)</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> Accounting <span class="_ _4c"> </span>policies<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Deriva<span class="_ _3"/>tive financial instruments</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Derivativ<span class="_ _2"/>e financial instruments are measured in the balance sheet a<span class="_ _3"/>t fair value as fr<span class="_ _2"/>om the date where </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the derivativ<span class="_ _2"/>e financial instrument is concluded. The fair values of deriva<span class="_ _3"/>tives financial instruments ar<span class="_ _3"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">presented as deriv<span class="_ _2"/>ative financial instruments under assets if positive or under liabilities if nega<span class="_ _3"/>tive. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Netting of positiv<span class="_ _3"/>e and negative deriv<span class="_ _3"/>ative financial instruments is onl<span class="_ _2"/>y performed if the Group is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">entitled to and has the intention to set<span class="_ _3"/>tle the derivativ<span class="_ _2"/>e financial instruments as a net. Fair values of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">derivativ<span class="_ _2"/>e financial instruments are computed on the basis of current mark<span class="_ _3"/>et data and gener<span class="_ _2"/>ally </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">accepted v<span class="_ _3"/>aluation methods.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Fair value hedge</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Changes in the fair value of financial instrumen<span class="_ _3"/>ts designated as and qualifying for r<span class="_ _3"/>ecognition as a fair </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">value hedge of r<span class="_ _2"/>ecognised assets and liabilities are recognised in the income sta<span class="_ _3"/>tement together with </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">changes in the value of the hedged asset or liability based on the hedged pr<span class="_ _2"/>opor<span class="_ _4"/>tion. Hedging of future </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">cash flows accor<span class="_ _2"/>ding to agreements (firm commitments), e<span class="_ _2"/>xcept for for<span class="_ _3"/>eign currenc<span class="_ _3"/>y hedges, is trea<span class="_ _3"/>ted </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">as a fair value hedge of a r<span class="_ _2"/>ecognised asset and liability<span class="_ _3"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Cash flow hedge</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Changes in the fair value of financial instrumen<span class="_ _3"/>ts designated as and qualifying for cash flow hedging </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and which effectivel<span class="_ _2"/>y hedge changes in future cash flows, ar<span class="_ _2"/>e recognised in other comprehensiv<span class="_ _3"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">income. The change in fair val<span class="_ _3"/>ue that r<span class="_ _3"/>elates to the effectiv<span class="_ _2"/>e por<span class="_ _4"/>tion of the cash flow hedge is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">recognised as a separ<span class="_ _2"/>ate equity reserve until the hedged cash flow impa<span class="_ _3"/>cts the income statement. A<span class="_ _2"/>t </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">this point in time the rela<span class="_ _3"/>ted gains or losses pre<span class="_ _3"/>viously r<span class="_ _2"/>ecognised in other comprehensive income ar<span class="_ _3"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">transferr<span class="_ _2"/>ed to the income statement into the same line item as the hedged item is r<span class="_ _2"/>ecognised. However<span class="_ _26"/>,<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">when the forecast tr<span class="_ _2"/>ansaction that is hedged resul<span class="_ _3"/>ts in the recognition of a non-<span class="_ _3"/>financial asset, the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">gains or losses pre<span class="_ _3"/>viously r<span class="_ _2"/>ecognised in other comprehensive income ar<span class="_ _3"/>e transferr<span class="_ _2"/>ed from equity and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">included in the initial measurement of the cost of the non-<span class="_ _2"/>financial asset. For derivative financial </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">instruments that no longer qualify for hedge accounting, the hedge is dissol<span class="_ _2"/>ved prospectiv<span class="_ _3"/>ely<span class="_ _24e"/>. The </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">accumulated f<span class="_ _3"/>air value in equity is immediat<span class="_ _3"/>ely tr<span class="_ _2"/>ansferred to the income statement in<span class="_ _3"/>to the same line </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">item as the hedged item is recognised.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Other financial instruments</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">For financial instruments that do not ful<span class="_ _3"/>fil the requir<span class="_ _2"/>ements of being treated as hedge instruments, the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">changes in fair value ar<span class="_ _2"/>e recognised in the Income statement as financial income and cost.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">4.2 <span class="_ _27"> </span>Information on financial instruments</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:263.669921875px;"><span style="position: absolute; display: inline-block; left: 0px; top: 0.0097656px; width: 519.574px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 52.6699px; display: inline-block;">DKK million</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 374.027px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 24.8379px; display: inline-block;">2023</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.244px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="width: 23.7949px; display: inline-block;">2022</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 22.0547px; width: 517.518px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 258.322px; display: inline-block;">Carrying amount per category of financial instruments</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 257.133px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 37.2441px; width: 517.348px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 134.221px; display: inline-block;">Financial assets measured a</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 52.5352px; display: inline-block;">t fair value:</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 328.84px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 52.4629px; width: 521.824px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 41.584px; display: inline-block;">Derivativ</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 85.2949px; display: inline-block;">es, related to oper</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 68.9473px; display: inline-block;">ating activities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 244.705px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.082px; display: inline-block;">56</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 19.4355px; display: inline-block;">102 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 67.6816px; width: 521.965px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 41.584px; display: inline-block;">Derivativ</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 85.0137px; display: inline-block;">es, related to inter</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 98.918px; display: inline-block;">est-bearing activities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 211.102px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 16.5117px; display: inline-block;">119</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.4727px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 20.0977px; display: inline-block;">244 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 82.9004px; width: 517.693px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 134.221px; display: inline-block;">Financial assets measured a</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 79.0957px; display: inline-block;">t amortised cost:</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 302.625px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 98.1191px; width: 310.482px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.95898px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 52.4121px; display: inline-block;">rade receiv</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 148.465px; display: inline-block;">ables, receivables from associa</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 89.0273px; display: inline-block;">tes and joint ventur</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.0586px; display: inline-block;">es, </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 111.619px; width: 522.018px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 55.166px; display: inline-block;">other receiv</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 71.5605px; display: inline-block;">ables and cash</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 299.285px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.43875px; letter-spacing: -0.43875px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 13.6934px; display: inline-block;">5,0</span><span style="word-spacing: 0.43875px; letter-spacing: -0.43875px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.63086px; display: inline-block;">3</span><span style="word-spacing: 0.43875px; letter-spacing: -0.43875px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.73633px; display: inline-block;">9</span><span style="word-spacing: 0.43875px; letter-spacing: -0.43875px; display: inline-block; margin-left: 0px; width: 37.0664px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> 4,989 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 126.838px; width: 517.002px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 134.221px; display: inline-block;">Financial assets measured a</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 64.8574px; display: inline-block;">t fair value thr</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 86.2617px; display: inline-block;">ough profit or loss:</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 230.777px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 142.072px; width: 521.484px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 46.2949px; display: inline-block;">Securities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 399.623px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 5.87109px; display: inline-block;">2</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.1875px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 2 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 157.291px; width: 517.688px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 145.289px; display: inline-block;">Financial liabilities measured a</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 52.5352px; display: inline-block;">t fair value:</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 318.111px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 172.51px; width: 521.777px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 41.584px; display: inline-block;">Derivativ</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 85.2949px; display: inline-block;">es, related to oper</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 68.9473px; display: inline-block;">ating activities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 242.431px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 7.64648px; display: inline-block;">-1</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.44336px; display: inline-block;">8</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 50.0332px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 14.4023px; display: inline-block;">40 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 187.729px; width: 521.76px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 41.584px; display: inline-block;">Derivativ</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 85.0137px; display: inline-block;">es, related to inter</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 98.918px; display: inline-block;">est-bearing activities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 213.176px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 1.29675px; letter-spacing: -1.29675px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.98438px; display: inline-block;">-7</span><span style="word-spacing: 1.29675px; letter-spacing: -1.29675px; display: inline-block; margin-left: 0px; width: 1.38867px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="width: 4.53516px; display: inline-block;">7</span><span style="word-spacing: 1.29675px; letter-spacing: -1.29675px; display: inline-block; margin-left: 0px; width: 59.8594px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 12.0352px; display: inline-block;">-8 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 202.947px; width: 517.055px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 145.289px; display: inline-block;">Financial liabilities measured a</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 79.0957px; display: inline-block;">t amortised cost:</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 290.918px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 218.166px; width: 312.92px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 35.7773px; display: inline-block;">Interest</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 134.467px; display: inline-block;">-bearing liabilities, trade pay</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 144.41px; display: inline-block;">ables, payables to associates </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 231.666px; width: 521.871px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 72.3984px; display: inline-block;">and joint ventur</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 80.8418px; display: inline-block;">es, and other pay</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 26.0156px; display: inline-block;">ables</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 239.742px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 3.74414px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 31.2012px; display: inline-block;">19,215</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.9102px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 11.3438px; display: inline-block;">19</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 22.2129px; display: inline-block;">,451 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 252.43px; width: 521.801px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.2891px; display: inline-block;">otal</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 390.405px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 18.5273px; display: inline-block;">-14,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.8789px; display: inline-block;">095</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1836px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 34.8516px; display: inline-block;">14,162 </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Hierarch<span class="_ _3"/>y of financial instruments measured at fair v<span class="_ _2"/>alue</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The table below r<span class="_ _3"/>anks financial instruments carried a<span class="_ _3"/>t fair value b<span class="_ _3"/>y valua<span class="_ _3"/>tion method. The differen<span class="_ _3"/>t levels ha<span class="_ _3"/>ve </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">been defined as follows:</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">• <span class="_ _3b"> </span><span class="ff2 ws0">Le<span class="_ _3"/>vel 1: <span class="ff3">Quoted prices in an a<span class="_ _3"/>ctive mark<span class="_ _3"/>et for identical type of instrument, i.e. without change in f<span class="_ _3"/>orm or content </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(modification or r<span class="_ _3"/>epackaging).<span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">• <span class="_ _3b"> </span><span class="ff2 ws0">Le<span class="_ _3"/>vel 2: <span class="ff3">Quoted prices in an a<span class="_ _3"/>ctive mark<span class="_ _3"/>et for similar assets or liabilities or other v<span class="_ _3"/>aluation methods wher<span class="_ _2"/>e all<span class="_ _4"/> </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">material input is based on observable mark<span class="_ _3"/>et data.<span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">• <span class="_ _b8"> </span><span class="ff2 ws0">Level 3: <span class="ff3">V<span class="_ _2"/>aluation methods where possible ma<span class="_ _3"/>terial input is not based on observable marke<span class="_ _3"/>t data.</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:234.248046875px;"><span style="position: absolute; display: inline-block; left: 0px; top: 0.0097656px; width: 521.678px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 52.6699px; display: inline-block;">DKK million</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 326.197px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 65.7127px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.6154px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 24.8379px; display: inline-block;">2023</span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 349.547px; top: 20.7734px; width: 168.363px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 16.6055px; display: inline-block;">Lev</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 16.4121px; display: inline-block;">el 1</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.6641px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 33.5625px; display: inline-block;">Level 2</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.6641px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 16.6055px; display: inline-block;">Lev</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 17.1797px; display: inline-block;">el 3</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 42.7598px; width: 519.709px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 41.584px; display: inline-block;">Derivativ</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 89.666px; display: inline-block;">es, financial assets</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 246.943px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.0136px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 9.36328px; display: inline-block;">17</span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.10938px; display: inline-block;">5</span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; width: 63.1406px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 6.18164px; display: inline-block;">0</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 57.9785px; width: 519.387px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 125.221px; display: inline-block;">Securities, financial assets</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 252.223px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6406px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 62.0685px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 5.87109px; display: inline-block;">2</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 73.1973px; width: 519.234px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 41.584px; display: inline-block;">Derivativ</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 100.729px; display: inline-block;">es, financial liabilities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 235.881px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.0136px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.117px; letter-spacing: -0.117px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 9.68555px; display: inline-block;">-9</span><span style="word-spacing: 0.117px; letter-spacing: -0.117px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.8125px; display: inline-block;">5</span><span style="word-spacing: 0.117px; letter-spacing: -0.117px; display: inline-block; margin-left: 0px; width: 61.6406px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 6.18164px; display: inline-block;">0</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 93.9766px; width: 519.246px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.2891px; display: inline-block;">otal</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 352.664px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.38672px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.6973px; display: inline-block;">80</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6406px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.07617px; display: inline-block;">2</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 127.775px; width: 521.66px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 376.882px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 65.7127px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.4179px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 26.0039px; display: inline-block;">2022 </span></span><span style="position: absolute; display: inline-block; left: 351.062px; top: 149.82px; width: 168.363px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 16.6055px; display: inline-block;">Lev</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 16.4121px; display: inline-block;">el 1</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.6641px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 33.5625px; display: inline-block;">Level 2</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.6641px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 16.6055px; display: inline-block;">Lev</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 17.1797px; display: inline-block;">el 3</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 171.807px; width: 522.006px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 41.584px; display: inline-block;">Derivativ</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 89.666px; display: inline-block;">es, financial assets</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 242.431px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7832px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 20.4375px; display: inline-block;">346 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 187.025px; width: 521.42px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 125.221px; display: inline-block;">Securities, financial assets</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 247.4px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 2 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 202.244px; width: 521.924px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 41.584px; display: inline-block;">Derivativ</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 100.729px; display: inline-block;">es, financial liabilities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 231.562px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.2969px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 14.2969px; display: inline-block;">48 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 223.008px; width: 521.479px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.2891px; display: inline-block;">otal</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 352.664px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.44922px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.9784px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 298 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.8594px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.13281px; display: inline-block;">2 </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Derivativ<span class="_ _2"/>e financial assets and liabilities are all measured a<span class="_ _3"/>t level 2. Ref<span class="_ _3"/>erence is made to no<span class="_ _3"/>te 4.1 for description <span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of the valua<span class="_ _3"/>tion method.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Securities, financial assets measured a<span class="_ _3"/>t fair value thr<span class="_ _2"/>ough the income statement comprise minor unlisted shares </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and investments as w<span class="_ _3"/>ell as other inv<span class="_ _3"/>estments of DKK 2m (2022: DKK 2m). </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">T<span class="_ _24e"/>ransfers between le<span class="_ _2"/>vels of the fair value hier<span class="_ _3"/>archy ar<span class="_ _2"/>e considered to hav<span class="_ _3"/>e occurred at the da<span class="_ _2"/>te of the event or </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">change in circumstances tha<span class="_ _3"/>t caused the transf<span class="_ _3"/>er<span class="_ _2"/>. There w<span class="_ _3"/>ere no tr<span class="_ _3"/>ansfers between the le<span class="_ _2"/>vels in the fair value </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">hierar<span class="_ _2"/>chy in 2023 (2022: No transfers).</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">4.2 <span class="_ _27"> </span>Information on financial instruments <span class="ff3">(<span class="_ _2"/>continued)</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> Accounting <span class="_ _4c"> </span>policies<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Deriva<span class="_ _3"/>tive financial instruments</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Derivativ<span class="_ _2"/>e financial instruments are measured in the balance sheet a<span class="_ _3"/>t fair value as fr<span class="_ _2"/>om the date where </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the derivativ<span class="_ _2"/>e financial instrument is concluded. The fair values of deriva<span class="_ _3"/>tives financial instruments ar<span class="_ _3"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">presented as deriv<span class="_ _2"/>ative financial instruments under assets if positive or under liabilities if nega<span class="_ _3"/>tive. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Netting of positiv<span class="_ _3"/>e and negative deriv<span class="_ _3"/>ative financial instruments is onl<span class="_ _2"/>y performed if the Group is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">entitled to and has the intention to set<span class="_ _3"/>tle the derivativ<span class="_ _2"/>e financial instruments as a net. Fair values of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">derivativ<span class="_ _2"/>e financial instruments are computed on the basis of current mark<span class="_ _3"/>et data and gener<span class="_ _2"/>ally </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">accepted v<span class="_ _3"/>aluation methods.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Fair value hedge</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Changes in the fair value of financial instrumen<span class="_ _3"/>ts designated as and qualifying for r<span class="_ _3"/>ecognition as a fair </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">value hedge of r<span class="_ _2"/>ecognised assets and liabilities are recognised in the income sta<span class="_ _3"/>tement together with </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">changes in the value of the hedged asset or liability based on the hedged pr<span class="_ _2"/>opor<span class="_ _4"/>tion. Hedging of future </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">cash flows accor<span class="_ _2"/>ding to agreements (firm commitments), e<span class="_ _2"/>xcept for for<span class="_ _3"/>eign currenc<span class="_ _3"/>y hedges, is trea<span class="_ _3"/>ted </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">as a fair value hedge of a r<span class="_ _2"/>ecognised asset and liability<span class="_ _3"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Cash flow hedge</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Changes in the fair value of financial instrumen<span class="_ _3"/>ts designated as and qualifying for cash flow hedging </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and which effectivel<span class="_ _2"/>y hedge changes in future cash flows, ar<span class="_ _2"/>e recognised in other comprehensiv<span class="_ _3"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">income. The change in fair val<span class="_ _3"/>ue that r<span class="_ _3"/>elates to the effectiv<span class="_ _2"/>e por<span class="_ _4"/>tion of the cash flow hedge is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">recognised as a separ<span class="_ _2"/>ate equity reserve until the hedged cash flow impa<span class="_ _3"/>cts the income statement. A<span class="_ _2"/>t </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">this point in time the rela<span class="_ _3"/>ted gains or losses pre<span class="_ _3"/>viously r<span class="_ _2"/>ecognised in other comprehensive income ar<span class="_ _3"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">transferr<span class="_ _2"/>ed to the income statement into the same line item as the hedged item is r<span class="_ _2"/>ecognised. However<span class="_ _26"/>,<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">when the forecast tr<span class="_ _2"/>ansaction that is hedged resul<span class="_ _3"/>ts in the recognition of a non-<span class="_ _3"/>financial asset, the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">gains or losses pre<span class="_ _3"/>viously r<span class="_ _2"/>ecognised in other comprehensive income ar<span class="_ _3"/>e transferr<span class="_ _2"/>ed from equity and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">included in the initial measurement of the cost of the non-<span class="_ _2"/>financial asset. For derivative financial </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">instruments that no longer qualify for hedge accounting, the hedge is dissol<span class="_ _2"/>ved prospectiv<span class="_ _3"/>ely<span class="_ _24e"/>. The </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">accumulated f<span class="_ _3"/>air value in equity is immediat<span class="_ _3"/>ely tr<span class="_ _2"/>ansferred to the income statement in<span class="_ _3"/>to the same line </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">item as the hedged item is recognised.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Other financial instruments</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">For financial instruments that do not ful<span class="_ _3"/>fil the requir<span class="_ _2"/>ements of being treated as hedge instruments, the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">changes in fair value ar<span class="_ _2"/>e recognised in the Income statement as financial income and cost.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">4.2 <span class="_ _27"> </span>Information on financial instruments</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:263.669921875px;"><span style="position: absolute; display: inline-block; left: 0px; top: 0.0097656px; width: 519.574px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 52.6699px; display: inline-block;">DKK million</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 374.027px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 24.8379px; display: inline-block;">2023</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.244px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="width: 23.7949px; display: inline-block;">2022</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 22.0547px; width: 517.518px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 258.322px; display: inline-block;">Carrying amount per category of financial instruments</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 257.133px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 37.2441px; width: 517.348px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 134.221px; display: inline-block;">Financial assets measured a</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 52.5352px; display: inline-block;">t fair value:</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 328.84px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 52.4629px; width: 521.824px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 41.584px; display: inline-block;">Derivativ</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 85.2949px; display: inline-block;">es, related to oper</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 68.9473px; display: inline-block;">ating activities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 244.705px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.082px; display: inline-block;">56</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 19.4355px; display: inline-block;">102 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 67.6816px; width: 521.965px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 41.584px; display: inline-block;">Derivativ</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 85.0137px; display: inline-block;">es, related to inter</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 98.918px; display: inline-block;">est-bearing activities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 211.102px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 16.5117px; display: inline-block;">119</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.4727px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 20.0977px; display: inline-block;">244 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 82.9004px; width: 517.693px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 134.221px; display: inline-block;">Financial assets measured a</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 79.0957px; display: inline-block;">t amortised cost:</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 302.625px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 98.1191px; width: 310.482px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.95898px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 52.4121px; display: inline-block;">rade receiv</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 148.465px; display: inline-block;">ables, receivables from associa</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 89.0273px; display: inline-block;">tes and joint ventur</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.0586px; display: inline-block;">es, </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 111.619px; width: 522.018px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 55.166px; display: inline-block;">other receiv</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 71.5605px; display: inline-block;">ables and cash</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 299.285px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.43875px; letter-spacing: -0.43875px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 13.6934px; display: inline-block;">5,0</span><span style="word-spacing: 0.43875px; letter-spacing: -0.43875px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.63086px; display: inline-block;">3</span><span style="word-spacing: 0.43875px; letter-spacing: -0.43875px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.73633px; display: inline-block;">9</span><span style="word-spacing: 0.43875px; letter-spacing: -0.43875px; display: inline-block; margin-left: 0px; width: 37.0664px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> 4,989 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 126.838px; width: 517.002px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 134.221px; display: inline-block;">Financial assets measured a</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 64.8574px; display: inline-block;">t fair value thr</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 86.2617px; display: inline-block;">ough profit or loss:</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 230.777px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 142.072px; width: 521.484px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 46.2949px; display: inline-block;">Securities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 399.623px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 5.87109px; display: inline-block;">2</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.1875px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 2 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 157.291px; width: 517.688px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 145.289px; display: inline-block;">Financial liabilities measured a</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 52.5352px; display: inline-block;">t fair value:</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 318.111px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 172.51px; width: 521.777px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 41.584px; display: inline-block;">Derivativ</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 85.2949px; display: inline-block;">es, related to oper</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 68.9473px; display: inline-block;">ating activities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 242.431px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 7.64648px; display: inline-block;">-1</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.44336px; display: inline-block;">8</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 50.0332px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 14.4023px; display: inline-block;">40 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 187.729px; width: 521.76px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 41.584px; display: inline-block;">Derivativ</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 85.0137px; display: inline-block;">es, related to inter</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 98.918px; display: inline-block;">est-bearing activities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 213.176px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 1.29675px; letter-spacing: -1.29675px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.98438px; display: inline-block;">-7</span><span style="word-spacing: 1.29675px; letter-spacing: -1.29675px; display: inline-block; margin-left: 0px; width: 1.38867px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="width: 4.53516px; display: inline-block;">7</span><span style="word-spacing: 1.29675px; letter-spacing: -1.29675px; display: inline-block; margin-left: 0px; width: 59.8594px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 12.0352px; display: inline-block;">-8 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 202.947px; width: 517.055px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 145.289px; display: inline-block;">Financial liabilities measured a</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 79.0957px; display: inline-block;">t amortised cost:</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 290.918px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 218.166px; width: 312.92px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 35.7773px; display: inline-block;">Interest</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 134.467px; display: inline-block;">-bearing liabilities, trade pay</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 144.41px; display: inline-block;">ables, payables to associates </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 231.666px; width: 521.871px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 72.3984px; display: inline-block;">and joint ventur</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 80.8418px; display: inline-block;">es, and other pay</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 26.0156px; display: inline-block;">ables</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 239.742px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 3.74414px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 31.2012px; display: inline-block;">19,215</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.9102px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 11.3438px; display: inline-block;">19</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 22.2129px; display: inline-block;">,451 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 252.43px; width: 521.801px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.2891px; display: inline-block;">otal</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 390.405px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 18.5273px; display: inline-block;">-14,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.8789px; display: inline-block;">095</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1836px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 34.8516px; display: inline-block;">14,162 </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Hierarch<span class="_ _3"/>y of financial instruments measured at fair v<span class="_ _2"/>alue</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The table below r<span class="_ _3"/>anks financial instruments carried a<span class="_ _3"/>t fair value b<span class="_ _3"/>y valua<span class="_ _3"/>tion method. The differen<span class="_ _3"/>t levels ha<span class="_ _3"/>ve </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">been defined as follows:</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">• <span class="_ _3b"> </span><span class="ff2 ws0">Le<span class="_ _3"/>vel 1: <span class="ff3">Quoted prices in an a<span class="_ _3"/>ctive mark<span class="_ _3"/>et for identical type of instrument, i.e. without change in f<span class="_ _3"/>orm or content </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(modification or r<span class="_ _3"/>epackaging).<span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">• <span class="_ _3b"> </span><span class="ff2 ws0">Le<span class="_ _3"/>vel 2: <span class="ff3">Quoted prices in an a<span class="_ _3"/>ctive mark<span class="_ _3"/>et for similar assets or liabilities or other v<span class="_ _3"/>aluation methods wher<span class="_ _2"/>e all<span class="_ _4"/> </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">material input is based on observable mark<span class="_ _3"/>et data.<span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">• <span class="_ _b8"> </span><span class="ff2 ws0">Level 3: <span class="ff3">V<span class="_ _2"/>aluation methods where possible ma<span class="_ _3"/>terial input is not based on observable marke<span class="_ _3"/>t data.</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:234.248046875px;"><span style="position: absolute; display: inline-block; left: 0px; top: 0.0097656px; width: 521.678px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 52.6699px; display: inline-block;">DKK million</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 326.197px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 65.7127px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.6154px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 24.8379px; display: inline-block;">2023</span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 349.547px; top: 20.7734px; width: 168.363px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 16.6055px; display: inline-block;">Lev</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 16.4121px; display: inline-block;">el 1</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.6641px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 33.5625px; display: inline-block;">Level 2</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.6641px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 16.6055px; display: inline-block;">Lev</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 17.1797px; display: inline-block;">el 3</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 42.7598px; width: 519.709px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 41.584px; display: inline-block;">Derivativ</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 89.666px; display: inline-block;">es, financial assets</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 246.943px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.0136px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 9.36328px; display: inline-block;">17</span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.10938px; display: inline-block;">5</span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; width: 63.1406px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 6.18164px; display: inline-block;">0</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 57.9785px; width: 519.387px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 125.221px; display: inline-block;">Securities, financial assets</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 252.223px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6406px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 62.0685px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 5.87109px; display: inline-block;">2</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 73.1973px; width: 519.234px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 41.584px; display: inline-block;">Derivativ</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 100.729px; display: inline-block;">es, financial liabilities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 235.881px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.0136px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.117px; letter-spacing: -0.117px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 9.68555px; display: inline-block;">-9</span><span style="word-spacing: 0.117px; letter-spacing: -0.117px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.8125px; display: inline-block;">5</span><span style="word-spacing: 0.117px; letter-spacing: -0.117px; display: inline-block; margin-left: 0px; width: 61.6406px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 6.18164px; display: inline-block;">0</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 93.9766px; width: 519.246px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.2891px; display: inline-block;">otal</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 352.664px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.38672px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.6973px; display: inline-block;">80</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6406px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.07617px; display: inline-block;">2</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 127.775px; width: 521.66px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 376.882px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 65.7127px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.4179px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 26.0039px; display: inline-block;">2022 </span></span><span style="position: absolute; display: inline-block; left: 351.062px; top: 149.82px; width: 168.363px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 16.6055px; display: inline-block;">Lev</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 16.4121px; display: inline-block;">el 1</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.6641px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 33.5625px; display: inline-block;">Level 2</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.6641px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 16.6055px; display: inline-block;">Lev</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 17.1797px; display: inline-block;">el 3</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 171.807px; width: 522.006px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 41.584px; display: inline-block;">Derivativ</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 89.666px; display: inline-block;">es, financial assets</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 242.431px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7832px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 20.4375px; display: inline-block;">346 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 187.025px; width: 521.42px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 125.221px; display: inline-block;">Securities, financial assets</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 247.4px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 2 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 202.244px; width: 521.924px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 41.584px; display: inline-block;">Derivativ</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 100.729px; display: inline-block;">es, financial liabilities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 231.562px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.2969px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 14.2969px; display: inline-block;">48 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 223.008px; width: 521.479px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.2891px; display: inline-block;">otal</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 352.664px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.44922px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.9784px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 298 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.8594px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.13281px; display: inline-block;">2 </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Derivativ<span class="_ _2"/>e financial assets and liabilities are all measured a<span class="_ _3"/>t level 2. Ref<span class="_ _3"/>erence is made to no<span class="_ _3"/>te 4.1 for description <span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of the valua<span class="_ _3"/>tion method.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Securities, financial assets measured a<span class="_ _3"/>t fair value thr<span class="_ _2"/>ough the income statement comprise minor unlisted shares </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and investments as w<span class="_ _3"/>ell as other inv<span class="_ _3"/>estments of DKK 2m (2022: DKK 2m). </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">T<span class="_ _24e"/>ransfers between le<span class="_ _2"/>vels of the fair value hier<span class="_ _3"/>archy ar<span class="_ _2"/>e considered to hav<span class="_ _3"/>e occurred at the da<span class="_ _2"/>te of the event or </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">change in circumstances tha<span class="_ _3"/>t caused the transf<span class="_ _3"/>er<span class="_ _2"/>. There w<span class="_ _3"/>ere no tr<span class="_ _3"/>ansfers between the le<span class="_ _2"/>vels in the fair value </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">hierar<span class="_ _2"/>chy in 2023 (2022: No transfers).</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">4.2 <span class="_ _27"> </span>Information on financial instruments <span class="ff3">(<span class="_ _2"/>continued)</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> Accounting <span class="_ _4c"> </span>policies<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Deriva<span class="_ _3"/>tive financial instruments</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Derivativ<span class="_ _2"/>e financial instruments are measured in the balance sheet a<span class="_ _3"/>t fair value as fr<span class="_ _2"/>om the date where </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the derivativ<span class="_ _2"/>e financial instrument is concluded. The fair values of deriva<span class="_ _3"/>tives financial instruments ar<span class="_ _3"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">presented as deriv<span class="_ _2"/>ative financial instruments under assets if positive or under liabilities if nega<span class="_ _3"/>tive. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Netting of positiv<span class="_ _3"/>e and negative deriv<span class="_ _3"/>ative financial instruments is onl<span class="_ _2"/>y performed if the Group is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">entitled to and has the intention to set<span class="_ _3"/>tle the derivativ<span class="_ _2"/>e financial instruments as a net. Fair values of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">derivativ<span class="_ _2"/>e financial instruments are computed on the basis of current mark<span class="_ _3"/>et data and gener<span class="_ _2"/>ally </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">accepted v<span class="_ _3"/>aluation methods.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Fair value hedge</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Changes in the fair value of financial instrumen<span class="_ _3"/>ts designated as and qualifying for r<span class="_ _3"/>ecognition as a fair </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">value hedge of r<span class="_ _2"/>ecognised assets and liabilities are recognised in the income sta<span class="_ _3"/>tement together with </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">changes in the value of the hedged asset or liability based on the hedged pr<span class="_ _2"/>opor<span class="_ _4"/>tion. Hedging of future </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">cash flows accor<span class="_ _2"/>ding to agreements (firm commitments), e<span class="_ _2"/>xcept for for<span class="_ _3"/>eign currenc<span class="_ _3"/>y hedges, is trea<span class="_ _3"/>ted </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">as a fair value hedge of a r<span class="_ _2"/>ecognised asset and liability<span class="_ _3"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Cash flow hedge</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Changes in the fair value of financial instrumen<span class="_ _3"/>ts designated as and qualifying for cash flow hedging </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and which effectivel<span class="_ _2"/>y hedge changes in future cash flows, ar<span class="_ _2"/>e recognised in other comprehensiv<span class="_ _3"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">income. The change in fair val<span class="_ _3"/>ue that r<span class="_ _3"/>elates to the effectiv<span class="_ _2"/>e por<span class="_ _4"/>tion of the cash flow hedge is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">recognised as a separ<span class="_ _2"/>ate equity reserve until the hedged cash flow impa<span class="_ _3"/>cts the income statement. A<span class="_ _2"/>t </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">this point in time the rela<span class="_ _3"/>ted gains or losses pre<span class="_ _3"/>viously r<span class="_ _2"/>ecognised in other comprehensive income ar<span class="_ _3"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">transferr<span class="_ _2"/>ed to the income statement into the same line item as the hedged item is r<span class="_ _2"/>ecognised. However<span class="_ _26"/>,<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">when the forecast tr<span class="_ _2"/>ansaction that is hedged resul<span class="_ _3"/>ts in the recognition of a non-<span class="_ _3"/>financial asset, the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">gains or losses pre<span class="_ _3"/>viously r<span class="_ _2"/>ecognised in other comprehensive income ar<span class="_ _3"/>e transferr<span class="_ _2"/>ed from equity and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">included in the initial measurement of the cost of the non-<span class="_ _2"/>financial asset. For derivative financial </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">instruments that no longer qualify for hedge accounting, the hedge is dissol<span class="_ _2"/>ved prospectiv<span class="_ _3"/>ely<span class="_ _24e"/>. The </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">accumulated f<span class="_ _3"/>air value in equity is immediat<span class="_ _3"/>ely tr<span class="_ _2"/>ansferred to the income statement in<span class="_ _3"/>to the same line </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">item as the hedged item is recognised.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Other financial instruments</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">For financial instruments that do not ful<span class="_ _3"/>fil the requir<span class="_ _2"/>ements of being treated as hedge instruments, the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">changes in fair value ar<span class="_ _2"/>e recognised in the Income statement as financial income and cost.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> Accounting <span class="_ _4c"> </span>policies<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Deriva<span class="_ _3"/>tive financial instruments</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Derivativ<span class="_ _2"/>e financial instruments are measured in the balance sheet a<span class="_ _3"/>t fair value as fr<span class="_ _2"/>om the date where </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the derivativ<span class="_ _2"/>e financial instrument is concluded. The fair values of deriva<span class="_ _3"/>tives financial instruments ar<span class="_ _3"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">presented as deriv<span class="_ _2"/>ative financial instruments under assets if positive or under liabilities if nega<span class="_ _3"/>tive. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Netting of positiv<span class="_ _3"/>e and negative deriv<span class="_ _3"/>ative financial instruments is onl<span class="_ _2"/>y performed if the Group is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">entitled to and has the intention to set<span class="_ _3"/>tle the derivativ<span class="_ _2"/>e financial instruments as a net. Fair values of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">derivativ<span class="_ _2"/>e financial instruments are computed on the basis of current mark<span class="_ _3"/>et data and gener<span class="_ _2"/>ally </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">accepted v<span class="_ _3"/>aluation methods.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Fair value hedge</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Changes in the fair value of financial instrumen<span class="_ _3"/>ts designated as and qualifying for r<span class="_ _3"/>ecognition as a fair </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">value hedge of r<span class="_ _2"/>ecognised assets and liabilities are recognised in the income sta<span class="_ _3"/>tement together with </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">changes in the value of the hedged asset or liability based on the hedged pr<span class="_ _2"/>opor<span class="_ _4"/>tion. Hedging of future </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">cash flows accor<span class="_ _2"/>ding to agreements (firm commitments), e<span class="_ _2"/>xcept for for<span class="_ _3"/>eign currenc<span class="_ _3"/>y hedges, is trea<span class="_ _3"/>ted </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">as a fair value hedge of a r<span class="_ _2"/>ecognised asset and liability<span class="_ _3"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Cash flow hedge</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Changes in the fair value of financial instrumen<span class="_ _3"/>ts designated as and qualifying for cash flow hedging </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and which effectivel<span class="_ _2"/>y hedge changes in future cash flows, ar<span class="_ _2"/>e recognised in other comprehensiv<span class="_ _3"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">income. The change in fair val<span class="_ _3"/>ue that r<span class="_ _3"/>elates to the effectiv<span class="_ _2"/>e por<span class="_ _4"/>tion of the cash flow hedge is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">recognised as a separ<span class="_ _2"/>ate equity reserve until the hedged cash flow impa<span class="_ _3"/>cts the income statement. A<span class="_ _2"/>t </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">this point in time the rela<span class="_ _3"/>ted gains or losses pre<span class="_ _3"/>viously r<span class="_ _2"/>ecognised in other comprehensive income ar<span class="_ _3"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">transferr<span class="_ _2"/>ed to the income statement into the same line item as the hedged item is r<span class="_ _2"/>ecognised. However<span class="_ _26"/>,<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">when the forecast tr<span class="_ _2"/>ansaction that is hedged resul<span class="_ _3"/>ts in the recognition of a non-<span class="_ _3"/>financial asset, the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">gains or losses pre<span class="_ _3"/>viously r<span class="_ _2"/>ecognised in other comprehensive income ar<span class="_ _3"/>e transferr<span class="_ _2"/>ed from equity and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">included in the initial measurement of the cost of the non-<span class="_ _2"/>financial asset. For derivative financial </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">instruments that no longer qualify for hedge accounting, the hedge is dissol<span class="_ _2"/>ved prospectiv<span class="_ _3"/>ely<span class="_ _24e"/>. The </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">accumulated f<span class="_ _3"/>air value in equity is immediat<span class="_ _3"/>ely tr<span class="_ _2"/>ansferred to the income statement in<span class="_ _3"/>to the same line </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">item as the hedged item is recognised.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Other financial instruments</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">For financial instruments that do not ful<span class="_ _3"/>fil the requir<span class="_ _2"/>ements of being treated as hedge instruments, the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">changes in fair value ar<span class="_ _2"/>e recognised in the Income statement as financial income and cost.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> Accounting <span class="_ _4c"> </span>policies<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Deriva<span class="_ _3"/>tive financial instruments</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Derivativ<span class="_ _2"/>e financial instruments are measured in the balance sheet a<span class="_ _3"/>t fair value as fr<span class="_ _2"/>om the date where </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the derivativ<span class="_ _2"/>e financial instrument is concluded. The fair values of deriva<span class="_ _3"/>tives financial instruments ar<span class="_ _3"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">presented as deriv<span class="_ _2"/>ative financial instruments under assets if positive or under liabilities if nega<span class="_ _3"/>tive. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Netting of positiv<span class="_ _3"/>e and negative deriv<span class="_ _3"/>ative financial instruments is onl<span class="_ _2"/>y performed if the Group is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">entitled to and has the intention to set<span class="_ _3"/>tle the derivativ<span class="_ _2"/>e financial instruments as a net. Fair values of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">derivativ<span class="_ _2"/>e financial instruments are computed on the basis of current mark<span class="_ _3"/>et data and gener<span class="_ _2"/>ally </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">accepted v<span class="_ _3"/>aluation methods.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Fair value hedge</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Changes in the fair value of financial instrumen<span class="_ _3"/>ts designated as and qualifying for r<span class="_ _3"/>ecognition as a fair </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">value hedge of r<span class="_ _2"/>ecognised assets and liabilities are recognised in the income sta<span class="_ _3"/>tement together with </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">changes in the value of the hedged asset or liability based on the hedged pr<span class="_ _2"/>opor<span class="_ _4"/>tion. Hedging of future </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">cash flows accor<span class="_ _2"/>ding to agreements (firm commitments), e<span class="_ _2"/>xcept for for<span class="_ _3"/>eign currenc<span class="_ _3"/>y hedges, is trea<span class="_ _3"/>ted </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">as a fair value hedge of a r<span class="_ _2"/>ecognised asset and liability<span class="_ _3"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Cash flow hedge</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Changes in the fair value of financial instrumen<span class="_ _3"/>ts designated as and qualifying for cash flow hedging </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and which effectivel<span class="_ _2"/>y hedge changes in future cash flows, ar<span class="_ _2"/>e recognised in other comprehensiv<span class="_ _3"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">income. The change in fair val<span class="_ _3"/>ue that r<span class="_ _3"/>elates to the effectiv<span class="_ _2"/>e por<span class="_ _4"/>tion of the cash flow hedge is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">recognised as a separ<span class="_ _2"/>ate equity reserve until the hedged cash flow impa<span class="_ _3"/>cts the income statement. A<span class="_ _2"/>t </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">this point in time the rela<span class="_ _3"/>ted gains or losses pre<span class="_ _3"/>viously r<span class="_ _2"/>ecognised in other comprehensive income ar<span class="_ _3"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">transferr<span class="_ _2"/>ed to the income statement into the same line item as the hedged item is r<span class="_ _2"/>ecognised. However<span class="_ _26"/>,<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">when the forecast tr<span class="_ _2"/>ansaction that is hedged resul<span class="_ _3"/>ts in the recognition of a non-<span class="_ _3"/>financial asset, the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">gains or losses pre<span class="_ _3"/>viously r<span class="_ _2"/>ecognised in other comprehensive income ar<span class="_ _3"/>e transferr<span class="_ _2"/>ed from equity and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">included in the initial measurement of the cost of the non-<span class="_ _2"/>financial asset. For derivative financial </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">instruments that no longer qualify for hedge accounting, the hedge is dissol<span class="_ _2"/>ved prospectiv<span class="_ _3"/>ely<span class="_ _24e"/>. The </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">accumulated f<span class="_ _3"/>air value in equity is immediat<span class="_ _3"/>ely tr<span class="_ _2"/>ansferred to the income statement in<span class="_ _3"/>to the same line </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">item as the hedged item is recognised.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Other financial instruments</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">For financial instruments that do not ful<span class="_ _3"/>fil the requir<span class="_ _2"/>ements of being treated as hedge instruments, the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">changes in fair value ar<span class="_ _2"/>e recognised in the Income statement as financial income and cost.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Deriva<span class="_ _3"/>tive financial instruments</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Derivativ<span class="_ _2"/>e financial instruments are measured in the balance sheet a<span class="_ _3"/>t fair value as fr<span class="_ _2"/>om the date where </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the derivativ<span class="_ _2"/>e financial instrument is concluded. The fair values of deriva<span class="_ _3"/>tives financial instruments ar<span class="_ _3"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">presented as deriv<span class="_ _2"/>ative financial instruments under assets if positive or under liabilities if nega<span class="_ _3"/>tive. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Netting of positiv<span class="_ _3"/>e and negative deriv<span class="_ _3"/>ative financial instruments is onl<span class="_ _2"/>y performed if the Group is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">entitled to and has the intention to set<span class="_ _3"/>tle the derivativ<span class="_ _2"/>e financial instruments as a net. Fair values of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">derivativ<span class="_ _2"/>e financial instruments are computed on the basis of current mark<span class="_ _3"/>et data and gener<span class="_ _2"/>ally </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">accepted v<span class="_ _3"/>aluation methods.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">4.3 <span class="_ _27"> </span>Changes in liabilities arising from financing activities</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The table below discloses the cash as w<span class="_ _3"/>ell as non-cash changes in interest<span class="_ _3"/>-bearing liabilities and derivativ<span class="_ _3"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">financial instruments rela<span class="_ _3"/>ted to issued corpora<span class="_ _2"/>te bonds.<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The changes arising from cash flo<span class="_ _3"/>ws form part of the cash flows fr<span class="_ _2"/>om financing activities in the statement of cash flow<span class="_ _3"/>s.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:335.46875px;"><span style="position: absolute; display: inline-block; left: 0px; top: 0.0078125px; width: 476.279px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 123.685px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.873px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 125.397px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 23.0039px; display: inline-block;">Non-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 66.252px; display: inline-block;">cash changes</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 89.4259px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 345.453px; top: 19.9297px; width: 27.9844px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 28.4121px; display: inline-block;">New/ </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.49588px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 216.375px; top: 33.3984px; width: 47.0508px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 47.4785px; display: inline-block;">Additions </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.49588px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 281.469px; top: 33.4141px; width: 37.2129px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 37.6406px; display: inline-block;">Foreign </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.49588px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 324.328px; top: 33.4297px; width: 49.9453px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 49.9453px; display: inline-block;">disposed/ </span></span><span style="position: absolute; display: inline-block; left: 238.094px; top: 46.8984px; width: 23.8711px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 24.2988px; display: inline-block;">from </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.49588px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 269.984px; top: 46.9141px; width: 48.4922px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 11.4492px; display: inline-block;">ex</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 37.9395px; display: inline-block;">change </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 334.281px; top: 46.9297px; width: 37.4707px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 37.4707px; display: inline-block;">Remea-</span></span><span style="position: absolute; display: inline-block; left: 402.156px; top: 46.9453px; width: 20.4082px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 20.4375px; display: inline-block;">Fair </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 134.719px; top: 60.3984px; width: 30.5977px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 30.5977px; display: inline-block;">1 Jan. </span></span><span style="position: absolute; display: inline-block; left: 181.688px; top: 60.3984px; width: 26.959px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 26.959px; display: inline-block;">Cash </span></span><span style="position: absolute; display: inline-block; left: 230.562px; top: 60.4141px; width: 32.6543px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 32.6543px; display: inline-block;">acqui- </span></span><span style="position: absolute; display: inline-block; left: 286.672px; top: 60.4141px; width: 31.6641px; white-space: pre; word-spacing: 0.234px; letter-spacing: -0.234px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 25.3418px; display: inline-block;">move</span><span style="word-spacing: 0.234px; letter-spacing: -0.234px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 3.47461px; display: inline-block;">-</span><span style="word-spacing: 0.234px; letter-spacing: -0.234px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="position: absolute; display: inline-block; left: 344.031px; top: 60.4297px; width: 28.7754px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 28.7754px; display: inline-block;">sured </span></span><span style="position: absolute; display: inline-block; left: 394px; top: 60.4453px; width: 28.3887px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 28.8164px; display: inline-block;">value </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.49588px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 441.953px; top: 60.4453px; width: 29.0098px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 29.0391px; display: inline-block;">Other </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 483.766px; top: 60.4453px; width: 37.1895px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 37.6172px; display: inline-block;">31 Dec. </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.49588px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 73.8691px; width: 54.8848px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 54.8848px; display: inline-block;">DKK million </span></span><span style="position: absolute; display: inline-block; left: 138.438px; top: 73.8984px; width: 24.8379px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 24.8379px; display: inline-block;">2023</span></span><span style="position: absolute; display: inline-block; left: 180.391px; top: 73.8984px; width: 24.9727px; white-space: pre; word-spacing: 0.234px; letter-spacing: -0.234px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.09961px; display: inline-block;">fl</span><span style="word-spacing: 0.234px; letter-spacing: -0.234px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.4805px; display: inline-block;">ows</span></span><span style="position: absolute; display: inline-block; left: 230.562px; top: 73.9141px; width: 30.9785px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 30.9785px; display: inline-block;">sitions</span></span><span style="position: absolute; display: inline-block; left: 286.672px; top: 73.9141px; width: 29.4961px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 29.4961px; display: inline-block;">ments</span></span><span style="position: absolute; display: inline-block; left: 340.234px; top: 73.9453px; width: 31.2832px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 31.2832px; display: inline-block;">leases</span></span><span style="position: absolute; display: inline-block; left: 379.531px; top: 73.9453px; width: 40.9746px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 40.9746px; display: inline-block;">changes</span></span><span style="position: absolute; display: inline-block; left: 428.625px; top: 73.9453px; width: 40.9746px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 40.9746px; display: inline-block;">changes</span></span><span style="position: absolute; display: inline-block; left: 494.328px; top: 73.9453px; width: 24.8379px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 24.8379px; display: inline-block;">2023</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 95.9609px; width: 80.0332px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 80.0332px; display: inline-block;">Changes in 2023</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 112.445px; width: 79.4238px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 79.4238px; display: inline-block;">Interest-bearing </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 125.961px; width: 46.7754px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 46.7754px; display: inline-block;">liabilities:</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 142.416px; width: 123.416px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 123.416px; display: inline-block;">Bank loans and mortgage </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 155.916px; width: 244.031px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 43.2539px; display: inline-block;">on ferries</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 89.4259px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 11.3496px; display: inline-block;">10</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.9062px; display: inline-block;">,548</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 12.7617px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 3.74414px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 26.7773px; display: inline-block;">2,584</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.5469px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="position: absolute; display: inline-block; left: 244.031px; top: 155.916px; width: 121.611px; white-space: pre; word-spacing: 0.0975px; letter-spacing: -0.0975px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 17.209px; display: inline-block;">160</span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; width: 44.244px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="word-spacing: 0.16575px; letter-spacing: -0.16575px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 10.8457px; display: inline-block;">14</span><span style="word-spacing: 0.16575px; letter-spacing: -0.16575px; display: inline-block; margin-left: 0px; width: 49.3125px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span></span><span style="position: absolute; display: inline-block; left: 365.643px; top: 155.916px; width: 153.029px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.5741px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.3534px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 5.87109px; display: inline-block;">2</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 22.998px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 14.1387px; display: inline-block;">8,1</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 12.1934px; display: inline-block;">40</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 171.135px; width: 518.754px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 69.7617px; display: inline-block;">Issued corpora</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 40.5645px; display: inline-block;">te bonds</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.8946px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 18.0117px; display: inline-block;">283</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 24.6738px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 17.4141px; display: inline-block;">981</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.3125px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.6154px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 9.82031px; display: inline-block;">-8</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.9315px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.5741px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.7636px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 5.16797px; display: inline-block;">1</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 23.4727px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 25.6934px; display: inline-block;">1,257</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 186.354px; width: 517.992px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 72.252px; display: inline-block;">Lease liabilities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 65.7127px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.90625px; display: inline-block;">4,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 17.9414px; display: inline-block;">705</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 20.4317px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 21.9141px; display: inline-block;">-935</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.5469px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.078px; letter-spacing: -0.078px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 17.5312px; display: inline-block;">327</span><span style="word-spacing: 0.078px; letter-spacing: -0.078px; display: inline-block; margin-left: 0px; width: 44.244px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 11.2324px; display: inline-block;">13</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.3027px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 26.2617px; display: inline-block;">1,962</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.9784px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 22.998px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.43875px; letter-spacing: -0.43875px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 13.916px; display: inline-block;">6,0</span><span style="word-spacing: 0.43875px; letter-spacing: -0.43875px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 10.8281px; display: inline-block;">72</span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 204.963px; width: 518.502px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 70.5234px; display: inline-block;">Other liabilities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 86.7304px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.4922px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.9315px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.3125px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.9315px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.5741px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.9784px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.5741px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 225.742px; width: 517.852px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 129.281px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 11.6426px; display: inline-block;">15</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 21.5039px; display: inline-block;">,535</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 11.2969px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.7559px; display: inline-block;">-2,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.7207px; display: inline-block;">538</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.4922px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 18.9375px; display: inline-block;">488</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.3534px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 11.9062px; display: inline-block;">19</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1836px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 27.3223px; display: inline-block;">1,962</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.1054px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.38672px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.5741px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.29883px; display: inline-block;">3</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 16.9746px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.65325px; letter-spacing: -0.65325px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 4.88086px; display: inline-block;">1</span><span style="word-spacing: 0.65325px; letter-spacing: -0.65325px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 7.78125px; display: inline-block;">5,</span><span style="word-spacing: 0.65325px; letter-spacing: -0.65325px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 16.7754px; display: inline-block;">470</span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 247.758px; width: 100.184px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 31.4062px; display: inline-block;">Deriva</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 69.2402px; display: inline-block;">tives financial </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 261.258px; width: 59.4961px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 59.4961px; display: inline-block;">instruments:</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 276.447px; width: 101.725px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 41.584px; display: inline-block;">Derivativ</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 61.0078px; display: inline-block;">es related to </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 289.947px; width: 518.766px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 69.5215px; display: inline-block;">issued corpora</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 40.5645px; display: inline-block;">te bonds</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7832px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.07617px; display: inline-block;">8</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.4922px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.9315px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.3125px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.9315px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.0664px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.0527px; display: inline-block;">20</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.5741px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.0664px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 11.9473px; display: inline-block;">28</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 310.711px; width: 96.668px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 91.4941px; display: inline-block;">otal liabilities from </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 324.227px; width: 518.982px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 90.9316px; display: inline-block;">financing activities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.873px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 14.6191px; display: inline-block;">15,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.7324px; display: inline-block;">543</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 11.7304px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.7559px; display: inline-block;">-2,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.7207px; display: inline-block;">538</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.4922px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 18.9375px; display: inline-block;">488</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.3534px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 11.9062px; display: inline-block;">19</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1836px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 27.3223px; display: inline-block;">1,962</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.8946px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.4629px; display: inline-block;">20</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.9784px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.29883px; display: inline-block;">3</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 15.498px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 33.6211px; display: inline-block;">15,498</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:332.078125px;"><span style="position: absolute; display: inline-block; left: 0px; top: 0.0078125px; width: 516.662px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 123.685px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.873px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 125.397px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 23.0039px; display: inline-block;">Non-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 66.252px; display: inline-block;">cash changes</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 129.809px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 345.875px; top: 19.9297px; width: 27.9844px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 28.4121px; display: inline-block;">New/ </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.49588px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 216.109px; top: 33.3984px; width: 47.0508px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 47.4785px; display: inline-block;">Additions </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.49588px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 281.359px; top: 33.4141px; width: 37.2129px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 37.6406px; display: inline-block;">Foreign </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.49588px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 323.219px; top: 33.4297px; width: 49.9453px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 49.9453px; display: inline-block;">disposed/ </span></span><span style="position: absolute; display: inline-block; left: 238.719px; top: 46.8984px; width: 23.8711px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 24.2988px; display: inline-block;">from </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.49588px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 270.406px; top: 46.9141px; width: 48.4922px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 11.4492px; display: inline-block;">ex</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 37.9395px; display: inline-block;">change </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 334.078px; top: 46.9297px; width: 37.4707px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 37.4707px; display: inline-block;">Remea-</span></span><span style="position: absolute; display: inline-block; left: 402.016px; top: 46.9453px; width: 20.4082px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 20.4375px; display: inline-block;">Fair </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 135.484px; top: 60.3984px; width: 30.5977px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 30.5977px; display: inline-block;">1 Jan. </span></span><span style="position: absolute; display: inline-block; left: 181.312px; top: 60.3984px; width: 26.959px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 26.959px; display: inline-block;">Cash </span></span><span style="position: absolute; display: inline-block; left: 230.188px; top: 60.4141px; width: 32.6543px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 32.6543px; display: inline-block;">acqui- </span></span><span style="position: absolute; display: inline-block; left: 286.75px; top: 60.4141px; width: 31.6641px; white-space: pre; word-spacing: 0.234px; letter-spacing: -0.234px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 25.3418px; display: inline-block;">move</span><span style="word-spacing: 0.234px; letter-spacing: -0.234px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 3.47461px; display: inline-block;">-</span><span style="word-spacing: 0.234px; letter-spacing: -0.234px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="position: absolute; display: inline-block; left: 344.531px; top: 60.4297px; width: 28.7754px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 28.7754px; display: inline-block;">sured </span></span><span style="position: absolute; display: inline-block; left: 394.328px; top: 60.4453px; width: 28.3887px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 28.8164px; display: inline-block;">value </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.49588px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 442.547px; top: 60.4453px; width: 29.0098px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 29.0391px; display: inline-block;">Other </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 482.359px; top: 60.4453px; width: 37.1895px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 37.6172px; display: inline-block;">31 Dec. </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.49588px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 73.8691px; width: 54.8848px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 54.8848px; display: inline-block;">DKK million </span></span><span style="position: absolute; display: inline-block; left: 139.094px; top: 73.8984px; width: 24.6094px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 24.6094px; display: inline-block;">2022</span></span><span style="position: absolute; display: inline-block; left: 181.312px; top: 73.8984px; width: 24.9727px; white-space: pre; word-spacing: 0.234px; letter-spacing: -0.234px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.09961px; display: inline-block;">fl</span><span style="word-spacing: 0.234px; letter-spacing: -0.234px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.4805px; display: inline-block;">ows</span></span><span style="position: absolute; display: inline-block; left: 230.188px; top: 73.9141px; width: 30.9785px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 30.9785px; display: inline-block;">sitions</span></span><span style="position: absolute; display: inline-block; left: 286.75px; top: 73.9141px; width: 29.4961px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 29.4961px; display: inline-block;">ments</span></span><span style="position: absolute; display: inline-block; left: 341.516px; top: 73.9453px; width: 31.2832px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 31.2832px; display: inline-block;">leases</span></span><span style="position: absolute; display: inline-block; left: 379.688px; top: 73.9453px; width: 40.9746px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 40.9746px; display: inline-block;">changes</span></span><span style="position: absolute; display: inline-block; left: 429.203px; top: 73.9453px; width: 40.9746px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 40.9746px; display: inline-block;">changes</span></span><span style="position: absolute; display: inline-block; left: 493.469px; top: 73.9453px; width: 24.6094px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 24.6094px; display: inline-block;">2022</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 95.9609px; width: 516.381px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 79.8047px; display: inline-block;">Changes in 2022</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 79.8165px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.4062px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0801px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0801px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.9042px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.9042px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.4179px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 112.445px; width: 79.4238px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 79.4238px; display: inline-block;">Interest-bearing </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 125.961px; width: 516.586px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 46.7754px; display: inline-block;">liabilities:</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 112.564px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.4062px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0801px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0801px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.9042px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.9042px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.9042px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 142.416px; width: 123.416px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 123.416px; display: inline-block;">Bank loans and mortgage </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 155.916px; width: 521.238px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 43.2539px; display: inline-block;">on ferries</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 94.0957px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.17578px; display: inline-block;">9</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 22.9629px; display: inline-block;">,267 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 12.7617px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 1,272 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.9042px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.6482px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.9042px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.4062px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.4062px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39062px; display: inline-block;">9 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 11.2969px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 10</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 23.1211px; display: inline-block;">,548 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 171.135px; width: 520.576px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 69.7617px; display: inline-block;">Issued corpora</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 40.5645px; display: inline-block;">te bonds</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 25.2304px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 1,230 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 13.7696px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -898 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.9042px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 32.6719px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -49 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.9042px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.4062px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.873px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 1 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 25.8516px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 283 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 186.354px; width: 521.086px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 72.252px; display: inline-block;">Lease liabilities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.494px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 29.4844px; display: inline-block;">3,839 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 13.3535px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -963 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 33.0469px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 240 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 32.6719px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -34 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 25.2304px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 1,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.1094px; display: inline-block;">622 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.4062px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.133px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 21.1641px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.90625px; display: inline-block;">4,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.1562px; display: inline-block;">705 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 201.572px; width: 521.285px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 70.5234px; display: inline-block;">Other liabilities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 85.8926px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 1 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 27.2109px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 4.42969px; display: inline-block;"> </span>-1</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 46.9042px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.244px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.9042px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.873px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 222.352px; width: 518.385px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 124.283px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 14,337 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 13.3535px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -590 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 32.6719px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 240 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 32.6719px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -83 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 24.2754px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 1,622 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.4062px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.44922px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.4062px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.4375px; display: inline-block;">9 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 10.0781px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 15,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.5273px; display: inline-block;">535</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 244.367px; width: 100.184px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 31.4062px; display: inline-block;">Deriva</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 69.2402px; display: inline-block;">tives financial </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 257.867px; width: 516.697px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 59.4961px; display: inline-block;">instruments:</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 99.9551px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.4062px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0801px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0801px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.9042px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.9042px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.9042px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 273.057px; width: 101.725px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 41.584px; display: inline-block;">Derivativ</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 61.0078px; display: inline-block;">es related to </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 286.557px; width: 520.617px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 69.5215px; display: inline-block;">issued corpora</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 40.5645px; display: inline-block;">te bonds</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 13.875px; display: inline-block;">77 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 18.6797px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.7324px; display: inline-block;">101 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.9042px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.4179px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.9042px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.0391px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 14.1504px; display: inline-block;">32 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.4062px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.4062px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.29102px; display: inline-block;">8 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 307.32px; width: 96.668px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 91.4941px; display: inline-block;">otal liabilities from </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 320.836px; width: 518.432px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 90.9316px; display: inline-block;">financing activities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.133px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 14,41</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 8.37891px; display: inline-block;">4 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 16.5938px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -691 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.9414px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 240 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 33.0469px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -83 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 22.2773px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 1,622 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.9102px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 32 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.4062px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.4375px; display: inline-block;">9 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 14.4082px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 14.6191px; display: inline-block;">15,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.7324px; display: inline-block;">543</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">5<span class="_ _2"/>.4 <span class="_ _50"> </span>Cash flow<span class="_ _2"/>s</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:230.732421875px;"><span style="position: absolute; display: inline-block; left: 0px; top: 0.0097656px; width: 519.574px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 54.8848px; display: inline-block;">DKK million </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 371.812px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 24.8379px; display: inline-block;">2023</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.244px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="width: 23.7949px; display: inline-block;">2022</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 22.0547px; width: 517.594px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 123.176px; display: inline-block;">Non-cash operating items</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 392.355px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 37.2441px; width: 521.584px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 65.3086px; display: inline-block;">Change in pro</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 31.459px; display: inline-block;">visions</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 343.301px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.0234px; display: inline-block;">26</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.7051px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -8 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 52.4629px; width: 521.52px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 206.051px; display: inline-block;">Change in write-down of inventories for the y</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 15.7383px; display: inline-block;">ear</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 216.31px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 7.64648px; display: inline-block;">-1</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.37305px; display: inline-block;">4</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 62.508px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 8.36719px; display: inline-block;">6 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 67.6816px; width: 521.812px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 65.3086px; display: inline-block;">Change in pro</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 250.342px; display: inline-block;">vision for defined benefit plans and jubilee obligations</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 124.998px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 11.0391px; display: inline-block;">12</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 54.6386px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span>16</span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 82.9004px; width: 316.037px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.31055px; display: inline-block;">V</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 181.102px; display: inline-block;">esting of share option plans and emplo</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 39.5098px; display: inline-block;">yee shar</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 90.5039px; display: inline-block;">es expensed in the </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 96.4004px; width: 521.719px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 85.4707px; display: inline-block;">Income statement</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 354.058px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.0469px; display: inline-block;">29</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 30 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 117.18px; width: 521.76px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 123.176px; display: inline-block;">Non-cash operating items</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 315.973px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.416px; display: inline-block;">53</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.5917px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 45 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 139.195px; width: 517.318px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 124.852px; display: inline-block;">Change in working capital</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 390.405px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 154.775px; width: 521.766px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 100.611px; display: inline-block;">Change in inventories</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 345.018px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 5.92969px; display: inline-block;">5</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.498px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -61 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 169.994px; width: 521.578px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 77.9648px; display: inline-block;">Change in receiv</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 100.564px; display: inline-block;">ables, such as trade r</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 143.062px; display: inline-block;">eceivables, prepaid costs, etc.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 119.924px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 11.2324px; display: inline-block;">13</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.5489px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -463 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 185.213px; width: 329.654px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 178.055px; display: inline-block;">Change in current liabilities, such as tr</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 97.4941px; display: inline-block;">ade payables, deferr</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 55.8398px; display: inline-block;">ed income, </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 198.729px; width: 521.748px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 42.4863px; display: inline-block;">current a</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 108.199px; display: inline-block;">ccount with joint ventur</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 33.9023px; display: inline-block;">es, etc.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 245.806px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 21.8906px; display: inline-block;">-356</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7832px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 530 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 219.492px; width: 521.689px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 124.852px; display: inline-block;">Change in working capital</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 303.885px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 22.6113px; display: inline-block;">-338</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.8594px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 6 </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> Accounting <span class="_ _4c"> </span>policies<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The statement of cash flo<span class="_ _3"/>ws has been prepar<span class="_ _2"/>ed using the indirect method, and shows the consolida<span class="_ _2"/>ted<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">cash flows fr<span class="_ _2"/>om operating, investing, and financing a<span class="_ _3"/>ctivities for the year<span class="_ _24e"/>, and the consolidated cash </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and cash equivalents at the beginning and end o<span class="_ _3"/>f the year<span class="_ _24e"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The cash flow effect of a<span class="_ _3"/>cquisition and disposal of enterprises is shown separ<span class="_ _2"/>ately in cash flo<span class="_ _3"/>ws to/</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">from inv<span class="_ _2"/>esting activities. Cash flows from a<span class="_ _3"/>cquisitions of enterprises are r<span class="_ _2"/>ecognised in the Cash flow </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">statement fr<span class="_ _2"/>om the date of acquisition. Cash flows fr<span class="_ _2"/>om divestment of enterprises are r<span class="_ _3"/>ecognised up </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">until the date of disposal. Cash flo<span class="_ _3"/>ws from oper<span class="_ _2"/>ating activities is calculated on the basis of the pr<span class="_ _3"/>ofit/</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">loss before depr<span class="_ _2"/>eciation and amortisation (EBITDA) adjusted f<span class="_ _3"/>or the cash flow effect of non-cash </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">opera<span class="_ _3"/>ting items, changes in working capital (such as tr<span class="_ _2"/>ade payables, deferr<span class="_ _2"/>ed income, current account </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">pay<span class="_ _3"/>ables to joint ventur<span class="_ _3"/>es, trade r<span class="_ _2"/>eceivables, prepaid costs, etc.), pa<span class="_ _2"/>yments related to pensions and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">other pro<span class="_ _2"/>visions, payments relating to financial it<span class="_ _3"/>ems and corporation t<span class="_ _3"/>ax paid.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Cash flows fr<span class="_ _2"/>om investing activities includes paymen<span class="_ _3"/>ts in connection with the acquisition and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">divestment of enterprises and a<span class="_ _3"/>ctivities and of non-current intangible assets, tangible asse<span class="_ _3"/>ts and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">investments. Cash flo<span class="_ _3"/>ws from financing a<span class="_ _3"/>ctivities includes changes in the size or composition of the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Group’<span class="_ _2"/>s share capital, payment of dividends to shar<span class="_ _2"/>eholders, purchase of treasury shar<span class="_ _3"/>es, cash </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">receiv<span class="_ _3"/>ed from e<span class="_ _3"/>xer<span class="_ _2"/>cise of share options and the obtaining and repa<span class="_ _2"/>yment of bank loans and mor<span class="_ _4"/>tgage </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">loans and other long-term and short<span class="_ _2"/>-term debt. Payment of lease liabilities is included under financing </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">activities and the r<span class="_ _3"/>elated inter<span class="_ _2"/>est is included as a financial item under operating activities. Cash and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">cash equivalents comprise cash at bank<span class="_ _2"/>s and on hand.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">4.4 <span class="_ _27"> </span>Financial income and costs</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:255.248046875px;"><span style="position: absolute; display: inline-block; left: 0px; top: 0.0097656px; width: 519.574px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 54.8848px; display: inline-block;">DKK million </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 371.812px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 24.8379px; display: inline-block;">2023</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.244px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="width: 23.7949px; display: inline-block;">2022</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 22.0254px; width: 517.348px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 79.6406px; display: inline-block;">Financial income</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 435.491px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 150.281px; top: 39.1152px; width: 3.28125px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 5.68425px; font-family: ffa; -webkit-text-stroke-width: 0.0852637px;"><span style="width: 3.28125px; display: inline-block;">1</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 37.2441px; width: 151.764px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 81.5918px; display: inline-block;">Interest income fr</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 71.0391px; display: inline-block;">om banks, etc. </span></span><span style="position: absolute; display: inline-block; left: 440.484px; top: 37.2441px; width: 81.4336px; white-space: pre; word-spacing: 0.65325px; letter-spacing: -0.65325px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 10.5352px; display: inline-block;">47</span><span style="word-spacing: 0.65325px; letter-spacing: -0.65325px; display: inline-block; margin-left: 0px; width: 62.508px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 8.39062px; display: inline-block;">9 </span></span></span><span style="position: absolute; display: inline-block; left: 127.562px; top: 54.334px; width: 3.58008px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 5.68425px; font-family: ffa; -webkit-text-stroke-width: 0.0852637px;"><span style="width: 3.58008px; display: inline-block;">2</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 52.4629px; width: 128.086px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 43.002px; display: inline-block;">Foreign e</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 85.9512px; display: inline-block;">xchange gain, net </span></span><span style="position: absolute; display: inline-block; left: 444.875px; top: 52.4629px; width: 76.1543px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.7051px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 14.2676px; display: inline-block;">20 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 67.6816px; width: 519.41px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 106.084px; display: inline-block;">Other financial income</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 333.65px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.1348px; display: inline-block;">33</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.0136px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 51</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 88.4453px; width: 521.613px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 100.523px; display: inline-block;">otal financial income</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 333.147px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.6973px; display: inline-block;">80</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 14.7539px; display: inline-block;">80 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 110.432px; width: 517.348px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 70.5352px; display: inline-block;">Financial costs</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 444.596px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 311.922px; top: 127.521px; width: 3.28125px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 5.68425px; font-family: ffa; -webkit-text-stroke-width: 0.0852637px;"><span style="width: 3.28125px; display: inline-block;">1</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 125.65px; width: 312.299px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 43.7344px; display: inline-block;">Interest e</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 198.018px; display: inline-block;">xpense to banks, credit institutions, corpor</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 67.2305px; display: inline-block;">ate bonds, etc</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.10938px; display: inline-block;">. </span></span><span style="position: absolute; display: inline-block; left: 430.172px; top: 125.65px; width: 90.8613px; white-space: pre; word-spacing: 0.65325px; letter-spacing: -0.65325px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 3.09375px; display: inline-block;">-</span><span style="word-spacing: 0.65325px; letter-spacing: -0.65325px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 10.5352px; display: inline-block;">47</span><span style="word-spacing: 0.65325px; letter-spacing: -0.65325px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.42578px; display: inline-block;">8</span><span style="word-spacing: 0.65325px; letter-spacing: -0.65325px; display: inline-block; margin-left: 0px; width: 42.9784px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.1562px; display: inline-block;">234 </span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 140.869px; width: 521.514px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 43.7344px; display: inline-block;">Interest e</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 196.541px; display: inline-block;">xpense on lease liabilities, reference is ma</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 55.2363px; display: inline-block;">de to note 3</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 17.0273px; display: inline-block;">.1.3</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 121.734px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 7.98047px; display: inline-block;">-2</span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 9.36328px; display: inline-block;">17</span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; width: 45.996px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.6289px; display: inline-block;">130 </span></span><span style="position: absolute; display: inline-block; left: 126.453px; top: 157.959px; width: 3.58008px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 5.68425px; font-family: ffa; -webkit-text-stroke-width: 0.0852637px;"><span style="width: 3.58008px; display: inline-block;">2</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 156.088px; width: 126.094px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 43.002px; display: inline-block;">Foreign e</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 83.959px; display: inline-block;">xchange loss, net </span></span><span style="position: absolute; display: inline-block; left: 435.344px; top: 156.072px; width: 82.6641px; white-space: pre; word-spacing: 0.702px; letter-spacing: -0.702px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 8.21484px; display: inline-block;">-2</span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.36719px; display: inline-block;">3</span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; width: 62.508px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.18164px; display: inline-block;">0</span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 171.291px; width: 521.818px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 156.141px; display: inline-block;">Defined benefit pension plans, ref</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 96.9375px; display: inline-block;">erence is made to no</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 29.3672px; display: inline-block;">te 3.2.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 6.01172px; display: inline-block;">4</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 156.065px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 8.21484px; display: inline-block;">-2</span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; width: 60.2636px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> 0 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 187.291px; width: 521.637px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 96.9785px; display: inline-block;">Other financial costs</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 338.942px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 15.5859px; display: inline-block;">-33</span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; width: 48.498px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="word-spacing: 0.65325px; letter-spacing: -0.65325px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 4.42969px; display: inline-block;"> </span>-</span><span style="word-spacing: 0.65325px; letter-spacing: -0.65325px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 10.5352px; display: inline-block;">47</span><span style="word-spacing: 0.65325px; letter-spacing: -0.65325px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 202.51px; width: 521.654px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.95898px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 168.504px; display: inline-block;">ransfer to assets under construction</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 272.397px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.0429px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 1 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 223.273px; width: 521.461px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 91.3711px; display: inline-block;">otal financial costs</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 334.734px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 1.365px; letter-spacing: -1.365px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 7.00195px; display: inline-block;">-7</span><span style="word-spacing: 1.365px; letter-spacing: -1.365px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 4.75195px; display: inline-block;">5</span><span style="word-spacing: 1.365px; letter-spacing: -1.365px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 4.93359px; display: inline-block;">3</span><span style="word-spacing: 1.365px; letter-spacing: -1.365px; display: inline-block; margin-left: 0px; width: 44.6482px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> -409 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 244.008px; width: 521.449px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 149.977px; display: inline-block;">Financial income and costs, net</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 279.48px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.18525px; letter-spacing: -0.18525px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 21.6562px; display: inline-block;">-673</span><span style="word-spacing: 0.18525px; letter-spacing: -0.18525px; display: inline-block; margin-left: 0px; width: 43.7636px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> -329 </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> Accounting <span class="_ _4c"> </span>policies<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Financial income and costs comprise interest income and costs; r<span class="_ _2"/>ealised and unrealised gains and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">losses on receiv<span class="_ _3"/>ables, payables and tr<span class="_ _2"/>ansactions denominated in for<span class="_ _3"/>eign currencies; r<span class="_ _2"/>ealised gains<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and losses on securities; amortisation of financial assets and liabilities; inter<span class="_ _3"/>ests on leasing </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">agreemen<span class="_ _3"/>ts; bank charges and fees et<span class="_ _3"/>c. Also included are r<span class="_ _2"/>ealised and unrealised gains and losses on </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">derivativ<span class="_ _2"/>e financial instruments that are not designat<span class="_ _3"/>ed as hedges.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">1 <span class="_ _3a"> </span>Primarily r<span class="_ _2"/>elates to financial </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">assets/liabilities measured </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">at amortised cost. Income </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(net) from int<span class="_ _3"/>erest sw<span class="_ _2"/>aps is<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DKK 0m (2022: DKK -<span class="_ _2"/>1m) </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and is included under Inter<span class="_ _3"/><span class="ls0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">est expense to bank<span class="_ _3"/>s, <span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">credit institutions, cor <span class="_ _2d"/>porate </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">bonds, etc.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2 <span class="_ _3b"> </span>Foreign e<span class="_ _3"/>xchange gains in </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2023 amounts to DKK 440m </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(2022: DKK 638m) and for<span class="_ _3"/><span class="ls0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">eign ex<span class="_ _2"/>change losses<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">amounts to DKK 463m </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(2022: DKK 618m)</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">4.4 <span class="_ _27"> </span>Financial income and costs</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:255.248046875px;"><span style="position: absolute; display: inline-block; left: 0px; top: 0.0097656px; width: 519.574px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 54.8848px; display: inline-block;">DKK million </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 371.812px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 24.8379px; display: inline-block;">2023</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.244px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="width: 23.7949px; display: inline-block;">2022</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 22.0254px; width: 517.348px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 79.6406px; display: inline-block;">Financial income</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 435.491px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 150.281px; top: 39.1152px; width: 3.28125px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 5.68425px; font-family: ffa; -webkit-text-stroke-width: 0.0852637px;"><span style="width: 3.28125px; display: inline-block;">1</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 37.2441px; width: 151.764px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 81.5918px; display: inline-block;">Interest income fr</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 71.0391px; display: inline-block;">om banks, etc. </span></span><span style="position: absolute; display: inline-block; left: 440.484px; top: 37.2441px; width: 81.4336px; white-space: pre; word-spacing: 0.65325px; letter-spacing: -0.65325px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 10.5352px; display: inline-block;">47</span><span style="word-spacing: 0.65325px; letter-spacing: -0.65325px; display: inline-block; margin-left: 0px; width: 62.508px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 8.39062px; display: inline-block;">9 </span></span></span><span style="position: absolute; display: inline-block; left: 127.562px; top: 54.334px; width: 3.58008px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 5.68425px; font-family: ffa; -webkit-text-stroke-width: 0.0852637px;"><span style="width: 3.58008px; display: inline-block;">2</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 52.4629px; width: 128.086px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 43.002px; display: inline-block;">Foreign e</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 85.9512px; display: inline-block;">xchange gain, net </span></span><span style="position: absolute; display: inline-block; left: 444.875px; top: 52.4629px; width: 76.1543px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.7051px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 14.2676px; display: inline-block;">20 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 67.6816px; width: 519.41px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 106.084px; display: inline-block;">Other financial income</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 333.65px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.1348px; display: inline-block;">33</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.0136px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 51</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 88.4453px; width: 521.613px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 100.523px; display: inline-block;">otal financial income</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 333.147px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.6973px; display: inline-block;">80</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 14.7539px; display: inline-block;">80 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 110.432px; width: 517.348px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 70.5352px; display: inline-block;">Financial costs</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 444.596px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 311.922px; top: 127.521px; width: 3.28125px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 5.68425px; font-family: ffa; -webkit-text-stroke-width: 0.0852637px;"><span style="width: 3.28125px; display: inline-block;">1</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 125.65px; width: 312.299px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 43.7344px; display: inline-block;">Interest e</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 198.018px; display: inline-block;">xpense to banks, credit institutions, corpor</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 67.2305px; display: inline-block;">ate bonds, etc</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.10938px; display: inline-block;">. </span></span><span style="position: absolute; display: inline-block; left: 430.172px; top: 125.65px; width: 90.8613px; white-space: pre; word-spacing: 0.65325px; letter-spacing: -0.65325px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 3.09375px; display: inline-block;">-</span><span style="word-spacing: 0.65325px; letter-spacing: -0.65325px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 10.5352px; display: inline-block;">47</span><span style="word-spacing: 0.65325px; letter-spacing: -0.65325px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.42578px; display: inline-block;">8</span><span style="word-spacing: 0.65325px; letter-spacing: -0.65325px; display: inline-block; margin-left: 0px; width: 42.9784px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.1562px; display: inline-block;">234 </span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 140.869px; width: 521.514px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 43.7344px; display: inline-block;">Interest e</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 196.541px; display: inline-block;">xpense on lease liabilities, reference is ma</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 55.2363px; display: inline-block;">de to note 3</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 17.0273px; display: inline-block;">.1.3</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 121.734px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 7.98047px; display: inline-block;">-2</span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 9.36328px; display: inline-block;">17</span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; width: 45.996px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.6289px; display: inline-block;">130 </span></span><span style="position: absolute; display: inline-block; left: 126.453px; top: 157.959px; width: 3.58008px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 5.68425px; font-family: ffa; -webkit-text-stroke-width: 0.0852637px;"><span style="width: 3.58008px; display: inline-block;">2</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 156.088px; width: 126.094px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 43.002px; display: inline-block;">Foreign e</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 83.959px; display: inline-block;">xchange loss, net </span></span><span style="position: absolute; display: inline-block; left: 435.344px; top: 156.072px; width: 82.6641px; white-space: pre; word-spacing: 0.702px; letter-spacing: -0.702px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 8.21484px; display: inline-block;">-2</span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.36719px; display: inline-block;">3</span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; width: 62.508px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.18164px; display: inline-block;">0</span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 171.291px; width: 521.818px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 156.141px; display: inline-block;">Defined benefit pension plans, ref</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 96.9375px; display: inline-block;">erence is made to no</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 29.3672px; display: inline-block;">te 3.2.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 6.01172px; display: inline-block;">4</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 156.065px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 8.21484px; display: inline-block;">-2</span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; width: 60.2636px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> 0 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 187.291px; width: 521.637px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 96.9785px; display: inline-block;">Other financial costs</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 338.942px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 15.5859px; display: inline-block;">-33</span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; width: 48.498px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="word-spacing: 0.65325px; letter-spacing: -0.65325px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 4.42969px; display: inline-block;"> </span>-</span><span style="word-spacing: 0.65325px; letter-spacing: -0.65325px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 10.5352px; display: inline-block;">47</span><span style="word-spacing: 0.65325px; letter-spacing: -0.65325px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 202.51px; width: 521.654px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.95898px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 168.504px; display: inline-block;">ransfer to assets under construction</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 272.397px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.0429px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 1 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 223.273px; width: 521.461px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 91.3711px; display: inline-block;">otal financial costs</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 334.734px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 1.365px; letter-spacing: -1.365px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 7.00195px; display: inline-block;">-7</span><span style="word-spacing: 1.365px; letter-spacing: -1.365px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 4.75195px; display: inline-block;">5</span><span style="word-spacing: 1.365px; letter-spacing: -1.365px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 4.93359px; display: inline-block;">3</span><span style="word-spacing: 1.365px; letter-spacing: -1.365px; display: inline-block; margin-left: 0px; width: 44.6482px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> -409 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 244.008px; width: 521.449px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 149.977px; display: inline-block;">Financial income and costs, net</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 279.48px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.18525px; letter-spacing: -0.18525px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 21.6562px; display: inline-block;">-673</span><span style="word-spacing: 0.18525px; letter-spacing: -0.18525px; display: inline-block; margin-left: 0px; width: 43.7636px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> -329 </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> Accounting <span class="_ _4c"> </span>policies<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Financial income and costs comprise interest income and costs; r<span class="_ _2"/>ealised and unrealised gains and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">losses on receiv<span class="_ _3"/>ables, payables and tr<span class="_ _2"/>ansactions denominated in for<span class="_ _3"/>eign currencies; r<span class="_ _2"/>ealised gains<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and losses on securities; amortisation of financial assets and liabilities; inter<span class="_ _3"/>ests on leasing </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">agreemen<span class="_ _3"/>ts; bank charges and fees et<span class="_ _3"/>c. Also included are r<span class="_ _2"/>ealised and unrealised gains and losses on </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">derivativ<span class="_ _2"/>e financial instruments that are not designat<span class="_ _3"/>ed as hedges.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">1 <span class="_ _3a"> </span>Primarily r<span class="_ _2"/>elates to financial </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">assets/liabilities measured </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">at amortised cost. Income </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(net) from int<span class="_ _3"/>erest sw<span class="_ _2"/>aps is<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DKK 0m (2022: DKK -<span class="_ _2"/>1m) </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and is included under Inter<span class="_ _3"/><span class="ls0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">est expense to bank<span class="_ _3"/>s, <span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">credit institutions, cor <span class="_ _2d"/>porate </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">bonds, etc.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2 <span class="_ _3b"> </span>Foreign e<span class="_ _3"/>xchange gains in </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2023 amounts to DKK 440m </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(2022: DKK 638m) and for<span class="_ _3"/><span class="ls0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">eign ex<span class="_ _2"/>change losses<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">amounts to DKK 463m </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(2022: DKK 618m)</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">4.4 <span class="_ _27"> </span>Financial income and costs</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:255.248046875px;"><span style="position: absolute; display: inline-block; left: 0px; top: 0.0097656px; width: 519.574px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 54.8848px; display: inline-block;">DKK million </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 371.812px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 24.8379px; display: inline-block;">2023</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.244px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="width: 23.7949px; display: inline-block;">2022</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 22.0254px; width: 517.348px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 79.6406px; display: inline-block;">Financial income</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 435.491px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 150.281px; top: 39.1152px; width: 3.28125px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 5.68425px; font-family: ffa; -webkit-text-stroke-width: 0.0852637px;"><span style="width: 3.28125px; display: inline-block;">1</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 37.2441px; width: 151.764px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 81.5918px; display: inline-block;">Interest income fr</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 71.0391px; display: inline-block;">om banks, etc. </span></span><span style="position: absolute; display: inline-block; left: 440.484px; top: 37.2441px; width: 81.4336px; white-space: pre; word-spacing: 0.65325px; letter-spacing: -0.65325px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 10.5352px; display: inline-block;">47</span><span style="word-spacing: 0.65325px; letter-spacing: -0.65325px; display: inline-block; margin-left: 0px; width: 62.508px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 8.39062px; display: inline-block;">9 </span></span></span><span style="position: absolute; display: inline-block; left: 127.562px; top: 54.334px; width: 3.58008px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 5.68425px; font-family: ffa; -webkit-text-stroke-width: 0.0852637px;"><span style="width: 3.58008px; display: inline-block;">2</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 52.4629px; width: 128.086px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 43.002px; display: inline-block;">Foreign e</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 85.9512px; display: inline-block;">xchange gain, net </span></span><span style="position: absolute; display: inline-block; left: 444.875px; top: 52.4629px; width: 76.1543px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.7051px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 14.2676px; display: inline-block;">20 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 67.6816px; width: 519.41px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 106.084px; display: inline-block;">Other financial income</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 333.65px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.1348px; display: inline-block;">33</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.0136px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 51</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 88.4453px; width: 521.613px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 100.523px; display: inline-block;">otal financial income</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 333.147px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.6973px; display: inline-block;">80</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 14.7539px; display: inline-block;">80 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 110.432px; width: 517.348px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 70.5352px; display: inline-block;">Financial costs</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 444.596px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 311.922px; top: 127.521px; width: 3.28125px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 5.68425px; font-family: ffa; -webkit-text-stroke-width: 0.0852637px;"><span style="width: 3.28125px; display: inline-block;">1</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 125.65px; width: 312.299px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 43.7344px; display: inline-block;">Interest e</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 198.018px; display: inline-block;">xpense to banks, credit institutions, corpor</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 67.2305px; display: inline-block;">ate bonds, etc</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.10938px; display: inline-block;">. </span></span><span style="position: absolute; display: inline-block; left: 430.172px; top: 125.65px; width: 90.8613px; white-space: pre; word-spacing: 0.65325px; letter-spacing: -0.65325px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 3.09375px; display: inline-block;">-</span><span style="word-spacing: 0.65325px; letter-spacing: -0.65325px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 10.5352px; display: inline-block;">47</span><span style="word-spacing: 0.65325px; letter-spacing: -0.65325px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.42578px; display: inline-block;">8</span><span style="word-spacing: 0.65325px; letter-spacing: -0.65325px; display: inline-block; margin-left: 0px; width: 42.9784px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.1562px; display: inline-block;">234 </span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 140.869px; width: 521.514px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 43.7344px; display: inline-block;">Interest e</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 196.541px; display: inline-block;">xpense on lease liabilities, reference is ma</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 55.2363px; display: inline-block;">de to note 3</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 17.0273px; display: inline-block;">.1.3</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 121.734px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 7.98047px; display: inline-block;">-2</span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 9.36328px; display: inline-block;">17</span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; width: 45.996px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.6289px; display: inline-block;">130 </span></span><span style="position: absolute; display: inline-block; left: 126.453px; top: 157.959px; width: 3.58008px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 5.68425px; font-family: ffa; -webkit-text-stroke-width: 0.0852637px;"><span style="width: 3.58008px; display: inline-block;">2</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 156.088px; width: 126.094px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 43.002px; display: inline-block;">Foreign e</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 83.959px; display: inline-block;">xchange loss, net </span></span><span style="position: absolute; display: inline-block; left: 435.344px; top: 156.072px; width: 82.6641px; white-space: pre; word-spacing: 0.702px; letter-spacing: -0.702px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 8.21484px; display: inline-block;">-2</span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.36719px; display: inline-block;">3</span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; width: 62.508px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.18164px; display: inline-block;">0</span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 171.291px; width: 521.818px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 156.141px; display: inline-block;">Defined benefit pension plans, ref</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 96.9375px; display: inline-block;">erence is made to no</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 29.3672px; display: inline-block;">te 3.2.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 6.01172px; display: inline-block;">4</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 156.065px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 8.21484px; display: inline-block;">-2</span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; width: 60.2636px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> 0 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 187.291px; width: 521.637px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 96.9785px; display: inline-block;">Other financial costs</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 338.942px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 15.5859px; display: inline-block;">-33</span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; width: 48.498px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="word-spacing: 0.65325px; letter-spacing: -0.65325px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 4.42969px; display: inline-block;"> </span>-</span><span style="word-spacing: 0.65325px; letter-spacing: -0.65325px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 10.5352px; display: inline-block;">47</span><span style="word-spacing: 0.65325px; letter-spacing: -0.65325px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 202.51px; width: 521.654px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.95898px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 168.504px; display: inline-block;">ransfer to assets under construction</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 272.397px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.0429px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 1 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 223.273px; width: 521.461px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 91.3711px; display: inline-block;">otal financial costs</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 334.734px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 1.365px; letter-spacing: -1.365px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 7.00195px; display: inline-block;">-7</span><span style="word-spacing: 1.365px; letter-spacing: -1.365px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 4.75195px; display: inline-block;">5</span><span style="word-spacing: 1.365px; letter-spacing: -1.365px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 4.93359px; display: inline-block;">3</span><span style="word-spacing: 1.365px; letter-spacing: -1.365px; display: inline-block; margin-left: 0px; width: 44.6482px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> -409 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 244.008px; width: 521.449px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 149.977px; display: inline-block;">Financial income and costs, net</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 279.48px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.18525px; letter-spacing: -0.18525px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 21.6562px; display: inline-block;">-673</span><span style="word-spacing: 0.18525px; letter-spacing: -0.18525px; display: inline-block; margin-left: 0px; width: 43.7636px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> -329 </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> Accounting <span class="_ _4c"> </span>policies<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Financial income and costs comprise interest income and costs; r<span class="_ _2"/>ealised and unrealised gains and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">losses on receiv<span class="_ _3"/>ables, payables and tr<span class="_ _2"/>ansactions denominated in for<span class="_ _3"/>eign currencies; r<span class="_ _2"/>ealised gains<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and losses on securities; amortisation of financial assets and liabilities; inter<span class="_ _3"/>ests on leasing </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">agreemen<span class="_ _3"/>ts; bank charges and fees et<span class="_ _3"/>c. Also included are r<span class="_ _2"/>ealised and unrealised gains and losses on </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">derivativ<span class="_ _2"/>e financial instruments that are not designat<span class="_ _3"/>ed as hedges.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">1 <span class="_ _3a"> </span>Primarily r<span class="_ _2"/>elates to financial </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">assets/liabilities measured </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">at amortised cost. Income </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(net) from int<span class="_ _3"/>erest sw<span class="_ _2"/>aps is<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DKK 0m (2022: DKK -<span class="_ _2"/>1m) </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and is included under Inter<span class="_ _3"/><span class="ls0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">est expense to bank<span class="_ _3"/>s, <span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">credit institutions, cor <span class="_ _2d"/>porate </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">bonds, etc.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2 <span class="_ _3b"> </span>Foreign e<span class="_ _3"/>xchange gains in </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2023 amounts to DKK 440m </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(2022: DKK 638m) and for<span class="_ _3"/><span class="ls0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">eign ex<span class="_ _2"/>change losses<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">amounts to DKK 463m </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(2022: DKK 618m)</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">4.4 <span class="_ _27"> </span>Financial income and costs</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:255.248046875px;"><span style="position: absolute; display: inline-block; left: 0px; top: 0.0097656px; width: 519.574px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 54.8848px; display: inline-block;">DKK million </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 371.812px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 24.8379px; display: inline-block;">2023</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.244px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="width: 23.7949px; display: inline-block;">2022</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 22.0254px; width: 517.348px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 79.6406px; display: inline-block;">Financial income</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 435.491px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 150.281px; top: 39.1152px; width: 3.28125px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 5.68425px; font-family: ffa; -webkit-text-stroke-width: 0.0852637px;"><span style="width: 3.28125px; display: inline-block;">1</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 37.2441px; width: 151.764px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 81.5918px; display: inline-block;">Interest income fr</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 71.0391px; display: inline-block;">om banks, etc. </span></span><span style="position: absolute; display: inline-block; left: 440.484px; top: 37.2441px; width: 81.4336px; white-space: pre; word-spacing: 0.65325px; letter-spacing: -0.65325px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 10.5352px; display: inline-block;">47</span><span style="word-spacing: 0.65325px; letter-spacing: -0.65325px; display: inline-block; margin-left: 0px; width: 62.508px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 8.39062px; display: inline-block;">9 </span></span></span><span style="position: absolute; display: inline-block; left: 127.562px; top: 54.334px; width: 3.58008px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 5.68425px; font-family: ffa; -webkit-text-stroke-width: 0.0852637px;"><span style="width: 3.58008px; display: inline-block;">2</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 52.4629px; width: 128.086px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 43.002px; display: inline-block;">Foreign e</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 85.9512px; display: inline-block;">xchange gain, net </span></span><span style="position: absolute; display: inline-block; left: 444.875px; top: 52.4629px; width: 76.1543px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.7051px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 14.2676px; display: inline-block;">20 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 67.6816px; width: 519.41px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 106.084px; display: inline-block;">Other financial income</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 333.65px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.1348px; display: inline-block;">33</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.0136px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 51</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 88.4453px; width: 521.613px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 100.523px; display: inline-block;">otal financial income</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 333.147px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.6973px; display: inline-block;">80</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 14.7539px; display: inline-block;">80 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 110.432px; width: 517.348px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 70.5352px; display: inline-block;">Financial costs</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 444.596px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 311.922px; top: 127.521px; width: 3.28125px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 5.68425px; font-family: ffa; -webkit-text-stroke-width: 0.0852637px;"><span style="width: 3.28125px; display: inline-block;">1</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 125.65px; width: 312.299px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 43.7344px; display: inline-block;">Interest e</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 198.018px; display: inline-block;">xpense to banks, credit institutions, corpor</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 67.2305px; display: inline-block;">ate bonds, etc</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.10938px; display: inline-block;">. </span></span><span style="position: absolute; display: inline-block; left: 430.172px; top: 125.65px; width: 90.8613px; white-space: pre; word-spacing: 0.65325px; letter-spacing: -0.65325px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 3.09375px; display: inline-block;">-</span><span style="word-spacing: 0.65325px; letter-spacing: -0.65325px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 10.5352px; display: inline-block;">47</span><span style="word-spacing: 0.65325px; letter-spacing: -0.65325px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.42578px; display: inline-block;">8</span><span style="word-spacing: 0.65325px; letter-spacing: -0.65325px; display: inline-block; margin-left: 0px; width: 42.9784px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.1562px; display: inline-block;">234 </span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 140.869px; width: 521.514px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 43.7344px; display: inline-block;">Interest e</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 196.541px; display: inline-block;">xpense on lease liabilities, reference is ma</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 55.2363px; display: inline-block;">de to note 3</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 17.0273px; display: inline-block;">.1.3</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 121.734px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 7.98047px; display: inline-block;">-2</span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 9.36328px; display: inline-block;">17</span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; width: 45.996px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.6289px; display: inline-block;">130 </span></span><span style="position: absolute; display: inline-block; left: 126.453px; top: 157.959px; width: 3.58008px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 5.68425px; font-family: ffa; -webkit-text-stroke-width: 0.0852637px;"><span style="width: 3.58008px; display: inline-block;">2</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 156.088px; width: 126.094px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 43.002px; display: inline-block;">Foreign e</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 83.959px; display: inline-block;">xchange loss, net </span></span><span style="position: absolute; display: inline-block; left: 435.344px; top: 156.072px; width: 82.6641px; white-space: pre; word-spacing: 0.702px; letter-spacing: -0.702px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 8.21484px; display: inline-block;">-2</span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.36719px; display: inline-block;">3</span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; width: 62.508px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.18164px; display: inline-block;">0</span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 171.291px; width: 521.818px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 156.141px; display: inline-block;">Defined benefit pension plans, ref</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 96.9375px; display: inline-block;">erence is made to no</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 29.3672px; display: inline-block;">te 3.2.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 6.01172px; display: inline-block;">4</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 156.065px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 8.21484px; display: inline-block;">-2</span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; width: 60.2636px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> 0 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 187.291px; width: 521.637px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 96.9785px; display: inline-block;">Other financial costs</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 338.942px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 15.5859px; display: inline-block;">-33</span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; width: 48.498px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="word-spacing: 0.65325px; letter-spacing: -0.65325px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 4.42969px; display: inline-block;"> </span>-</span><span style="word-spacing: 0.65325px; letter-spacing: -0.65325px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 10.5352px; display: inline-block;">47</span><span style="word-spacing: 0.65325px; letter-spacing: -0.65325px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 202.51px; width: 521.654px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.95898px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 168.504px; display: inline-block;">ransfer to assets under construction</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 272.397px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.0429px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 1 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 223.273px; width: 521.461px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 91.3711px; display: inline-block;">otal financial costs</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 334.734px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 1.365px; letter-spacing: -1.365px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 7.00195px; display: inline-block;">-7</span><span style="word-spacing: 1.365px; letter-spacing: -1.365px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 4.75195px; display: inline-block;">5</span><span style="word-spacing: 1.365px; letter-spacing: -1.365px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 4.93359px; display: inline-block;">3</span><span style="word-spacing: 1.365px; letter-spacing: -1.365px; display: inline-block; margin-left: 0px; width: 44.6482px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> -409 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 244.008px; width: 521.449px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 149.977px; display: inline-block;">Financial income and costs, net</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 279.48px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.18525px; letter-spacing: -0.18525px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 21.6562px; display: inline-block;">-673</span><span style="word-spacing: 0.18525px; letter-spacing: -0.18525px; display: inline-block; margin-left: 0px; width: 43.7636px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> -329 </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> Accounting <span class="_ _4c"> </span>policies<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Financial income and costs comprise interest income and costs; r<span class="_ _2"/>ealised and unrealised gains and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">losses on receiv<span class="_ _3"/>ables, payables and tr<span class="_ _2"/>ansactions denominated in for<span class="_ _3"/>eign currencies; r<span class="_ _2"/>ealised gains<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and losses on securities; amortisation of financial assets and liabilities; inter<span class="_ _3"/>ests on leasing </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">agreemen<span class="_ _3"/>ts; bank charges and fees et<span class="_ _3"/>c. Also included are r<span class="_ _2"/>ealised and unrealised gains and losses on </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">derivativ<span class="_ _2"/>e financial instruments that are not designat<span class="_ _3"/>ed as hedges.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">1 <span class="_ _3a"> </span>Primarily r<span class="_ _2"/>elates to financial </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">assets/liabilities measured </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">at amortised cost. Income </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(net) from int<span class="_ _3"/>erest sw<span class="_ _2"/>aps is<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DKK 0m (2022: DKK -<span class="_ _2"/>1m) </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and is included under Inter<span class="_ _3"/><span class="ls0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">est expense to bank<span class="_ _3"/>s, <span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">credit institutions, cor <span class="_ _2d"/>porate </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">bonds, etc.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2 <span class="_ _3b"> </span>Foreign e<span class="_ _3"/>xchange gains in </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2023 amounts to DKK 440m </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(2022: DKK 638m) and for<span class="_ _3"/><span class="ls0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">eign ex<span class="_ _2"/>change losses<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">amounts to DKK 463m </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(2022: DKK 618m)</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">4.4 <span class="_ _27"> </span>Financial income and costs</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:255.248046875px;"><span style="position: absolute; display: inline-block; left: 0px; top: 0.0097656px; width: 519.574px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 54.8848px; display: inline-block;">DKK million </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 371.812px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 24.8379px; display: inline-block;">2023</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.244px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="width: 23.7949px; display: inline-block;">2022</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 22.0254px; width: 517.348px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 79.6406px; display: inline-block;">Financial income</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 435.491px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 150.281px; top: 39.1152px; width: 3.28125px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 5.68425px; font-family: ffa; -webkit-text-stroke-width: 0.0852637px;"><span style="width: 3.28125px; display: inline-block;">1</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 37.2441px; width: 151.764px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 81.5918px; display: inline-block;">Interest income fr</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 71.0391px; display: inline-block;">om banks, etc. </span></span><span style="position: absolute; display: inline-block; left: 440.484px; top: 37.2441px; width: 81.4336px; white-space: pre; word-spacing: 0.65325px; letter-spacing: -0.65325px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 10.5352px; display: inline-block;">47</span><span style="word-spacing: 0.65325px; letter-spacing: -0.65325px; display: inline-block; margin-left: 0px; width: 62.508px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 8.39062px; display: inline-block;">9 </span></span></span><span style="position: absolute; display: inline-block; left: 127.562px; top: 54.334px; width: 3.58008px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 5.68425px; font-family: ffa; -webkit-text-stroke-width: 0.0852637px;"><span style="width: 3.58008px; display: inline-block;">2</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 52.4629px; width: 128.086px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 43.002px; display: inline-block;">Foreign e</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 85.9512px; display: inline-block;">xchange gain, net </span></span><span style="position: absolute; display: inline-block; left: 444.875px; top: 52.4629px; width: 76.1543px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.7051px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 14.2676px; display: inline-block;">20 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 67.6816px; width: 519.41px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 106.084px; display: inline-block;">Other financial income</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 333.65px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.1348px; display: inline-block;">33</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.0136px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 51</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 88.4453px; width: 521.613px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 100.523px; display: inline-block;">otal financial income</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 333.147px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.6973px; display: inline-block;">80</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 14.7539px; display: inline-block;">80 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 110.432px; width: 517.348px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 70.5352px; display: inline-block;">Financial costs</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 444.596px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 311.922px; top: 127.521px; width: 3.28125px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 5.68425px; font-family: ffa; -webkit-text-stroke-width: 0.0852637px;"><span style="width: 3.28125px; display: inline-block;">1</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 125.65px; width: 312.299px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 43.7344px; display: inline-block;">Interest e</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 198.018px; display: inline-block;">xpense to banks, credit institutions, corpor</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 67.2305px; display: inline-block;">ate bonds, etc</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.10938px; display: inline-block;">. </span></span><span style="position: absolute; display: inline-block; left: 430.172px; top: 125.65px; width: 90.8613px; white-space: pre; word-spacing: 0.65325px; letter-spacing: -0.65325px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 3.09375px; display: inline-block;">-</span><span style="word-spacing: 0.65325px; letter-spacing: -0.65325px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 10.5352px; display: inline-block;">47</span><span style="word-spacing: 0.65325px; letter-spacing: -0.65325px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.42578px; display: inline-block;">8</span><span style="word-spacing: 0.65325px; letter-spacing: -0.65325px; display: inline-block; margin-left: 0px; width: 42.9784px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.1562px; display: inline-block;">234 </span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 140.869px; width: 521.514px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 43.7344px; display: inline-block;">Interest e</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 196.541px; display: inline-block;">xpense on lease liabilities, reference is ma</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 55.2363px; display: inline-block;">de to note 3</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 17.0273px; display: inline-block;">.1.3</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 121.734px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 7.98047px; display: inline-block;">-2</span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 9.36328px; display: inline-block;">17</span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; width: 45.996px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.6289px; display: inline-block;">130 </span></span><span style="position: absolute; display: inline-block; left: 126.453px; top: 157.959px; width: 3.58008px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 5.68425px; font-family: ffa; -webkit-text-stroke-width: 0.0852637px;"><span style="width: 3.58008px; display: inline-block;">2</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 156.088px; width: 126.094px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 43.002px; display: inline-block;">Foreign e</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 83.959px; display: inline-block;">xchange loss, net </span></span><span style="position: absolute; display: inline-block; left: 435.344px; top: 156.072px; width: 82.6641px; white-space: pre; word-spacing: 0.702px; letter-spacing: -0.702px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 8.21484px; display: inline-block;">-2</span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.36719px; display: inline-block;">3</span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; width: 62.508px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.18164px; display: inline-block;">0</span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 171.291px; width: 521.818px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 156.141px; display: inline-block;">Defined benefit pension plans, ref</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 96.9375px; display: inline-block;">erence is made to no</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 29.3672px; display: inline-block;">te 3.2.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 6.01172px; display: inline-block;">4</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 156.065px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 8.21484px; display: inline-block;">-2</span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; width: 60.2636px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> 0 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 187.291px; width: 521.637px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 96.9785px; display: inline-block;">Other financial costs</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 338.942px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 15.5859px; display: inline-block;">-33</span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; width: 48.498px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="word-spacing: 0.65325px; letter-spacing: -0.65325px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 4.42969px; display: inline-block;"> </span>-</span><span style="word-spacing: 0.65325px; letter-spacing: -0.65325px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 10.5352px; display: inline-block;">47</span><span style="word-spacing: 0.65325px; letter-spacing: -0.65325px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 202.51px; width: 521.654px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.95898px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 168.504px; display: inline-block;">ransfer to assets under construction</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 272.397px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.0429px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 1 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 223.273px; width: 521.461px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 91.3711px; display: inline-block;">otal financial costs</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 334.734px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 1.365px; letter-spacing: -1.365px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 7.00195px; display: inline-block;">-7</span><span style="word-spacing: 1.365px; letter-spacing: -1.365px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 4.75195px; display: inline-block;">5</span><span style="word-spacing: 1.365px; letter-spacing: -1.365px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 4.93359px; display: inline-block;">3</span><span style="word-spacing: 1.365px; letter-spacing: -1.365px; display: inline-block; margin-left: 0px; width: 44.6482px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> -409 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 244.008px; width: 521.449px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 149.977px; display: inline-block;">Financial income and costs, net</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 279.48px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.18525px; letter-spacing: -0.18525px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 21.6562px; display: inline-block;">-673</span><span style="word-spacing: 0.18525px; letter-spacing: -0.18525px; display: inline-block; margin-left: 0px; width: 43.7636px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> -329 </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> Accounting <span class="_ _4c"> </span>policies<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Financial income and costs comprise interest income and costs; r<span class="_ _2"/>ealised and unrealised gains and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">losses on receiv<span class="_ _3"/>ables, payables and tr<span class="_ _2"/>ansactions denominated in for<span class="_ _3"/>eign currencies; r<span class="_ _2"/>ealised gains<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and losses on securities; amortisation of financial assets and liabilities; inter<span class="_ _3"/>ests on leasing </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">agreemen<span class="_ _3"/>ts; bank charges and fees et<span class="_ _3"/>c. Also included are r<span class="_ _2"/>ealised and unrealised gains and losses on </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">derivativ<span class="_ _2"/>e financial instruments that are not designat<span class="_ _3"/>ed as hedges.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">1 <span class="_ _3a"> </span>Primarily r<span class="_ _2"/>elates to financial </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">assets/liabilities measured </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">at amortised cost. Income </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(net) from int<span class="_ _3"/>erest sw<span class="_ _2"/>aps is<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DKK 0m (2022: DKK -<span class="_ _2"/>1m) </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and is included under Inter<span class="_ _3"/><span class="ls0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">est expense to bank<span class="_ _3"/>s, <span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">credit institutions, cor <span class="_ _2d"/>porate </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">bonds, etc.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2 <span class="_ _3b"> </span>Foreign e<span class="_ _3"/>xchange gains in </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2023 amounts to DKK 440m </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(2022: DKK 638m) and for<span class="_ _3"/><span class="ls0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">eign ex<span class="_ _2"/>change losses<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">amounts to DKK 463m </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(2022: DKK 618m)</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">4.4 <span class="_ _27"> </span>Financial income and costs</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:255.248046875px;"><span style="position: absolute; display: inline-block; left: 0px; top: 0.0097656px; width: 519.574px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 54.8848px; display: inline-block;">DKK million </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 371.812px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 24.8379px; display: inline-block;">2023</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.244px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="width: 23.7949px; display: inline-block;">2022</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 22.0254px; width: 517.348px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 79.6406px; display: inline-block;">Financial income</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 435.491px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 150.281px; top: 39.1152px; width: 3.28125px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 5.68425px; font-family: ffa; -webkit-text-stroke-width: 0.0852637px;"><span style="width: 3.28125px; display: inline-block;">1</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 37.2441px; width: 151.764px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 81.5918px; display: inline-block;">Interest income fr</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 71.0391px; display: inline-block;">om banks, etc. </span></span><span style="position: absolute; display: inline-block; left: 440.484px; top: 37.2441px; width: 81.4336px; white-space: pre; word-spacing: 0.65325px; letter-spacing: -0.65325px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 10.5352px; display: inline-block;">47</span><span style="word-spacing: 0.65325px; letter-spacing: -0.65325px; display: inline-block; margin-left: 0px; width: 62.508px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 8.39062px; display: inline-block;">9 </span></span></span><span style="position: absolute; display: inline-block; left: 127.562px; top: 54.334px; width: 3.58008px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 5.68425px; font-family: ffa; -webkit-text-stroke-width: 0.0852637px;"><span style="width: 3.58008px; display: inline-block;">2</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 52.4629px; width: 128.086px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 43.002px; display: inline-block;">Foreign e</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 85.9512px; display: inline-block;">xchange gain, net </span></span><span style="position: absolute; display: inline-block; left: 444.875px; top: 52.4629px; width: 76.1543px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.7051px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 14.2676px; display: inline-block;">20 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 67.6816px; width: 519.41px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 106.084px; display: inline-block;">Other financial income</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 333.65px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.1348px; display: inline-block;">33</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.0136px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 51</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 88.4453px; width: 521.613px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 100.523px; display: inline-block;">otal financial income</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 333.147px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.6973px; display: inline-block;">80</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 14.7539px; display: inline-block;">80 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 110.432px; width: 517.348px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 70.5352px; display: inline-block;">Financial costs</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 444.596px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 311.922px; top: 127.521px; width: 3.28125px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 5.68425px; font-family: ffa; -webkit-text-stroke-width: 0.0852637px;"><span style="width: 3.28125px; display: inline-block;">1</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 125.65px; width: 312.299px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 43.7344px; display: inline-block;">Interest e</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 198.018px; display: inline-block;">xpense to banks, credit institutions, corpor</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 67.2305px; display: inline-block;">ate bonds, etc</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.10938px; display: inline-block;">. </span></span><span style="position: absolute; display: inline-block; left: 430.172px; top: 125.65px; width: 90.8613px; white-space: pre; word-spacing: 0.65325px; letter-spacing: -0.65325px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 3.09375px; display: inline-block;">-</span><span style="word-spacing: 0.65325px; letter-spacing: -0.65325px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 10.5352px; display: inline-block;">47</span><span style="word-spacing: 0.65325px; letter-spacing: -0.65325px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.42578px; display: inline-block;">8</span><span style="word-spacing: 0.65325px; letter-spacing: -0.65325px; display: inline-block; margin-left: 0px; width: 42.9784px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.1562px; display: inline-block;">234 </span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 140.869px; width: 521.514px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 43.7344px; display: inline-block;">Interest e</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 196.541px; display: inline-block;">xpense on lease liabilities, reference is ma</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 55.2363px; display: inline-block;">de to note 3</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 17.0273px; display: inline-block;">.1.3</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 121.734px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 7.98047px; display: inline-block;">-2</span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 9.36328px; display: inline-block;">17</span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; width: 45.996px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.6289px; display: inline-block;">130 </span></span><span style="position: absolute; display: inline-block; left: 126.453px; top: 157.959px; width: 3.58008px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 5.68425px; font-family: ffa; -webkit-text-stroke-width: 0.0852637px;"><span style="width: 3.58008px; display: inline-block;">2</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 156.088px; width: 126.094px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 43.002px; display: inline-block;">Foreign e</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 83.959px; display: inline-block;">xchange loss, net </span></span><span style="position: absolute; display: inline-block; left: 435.344px; top: 156.072px; width: 82.6641px; white-space: pre; word-spacing: 0.702px; letter-spacing: -0.702px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 8.21484px; display: inline-block;">-2</span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.36719px; display: inline-block;">3</span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; width: 62.508px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.18164px; display: inline-block;">0</span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 171.291px; width: 521.818px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 156.141px; display: inline-block;">Defined benefit pension plans, ref</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 96.9375px; display: inline-block;">erence is made to no</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 29.3672px; display: inline-block;">te 3.2.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 6.01172px; display: inline-block;">4</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 156.065px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 8.21484px; display: inline-block;">-2</span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; width: 60.2636px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> 0 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 187.291px; width: 521.637px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 96.9785px; display: inline-block;">Other financial costs</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 338.942px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 15.5859px; display: inline-block;">-33</span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; width: 48.498px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="word-spacing: 0.65325px; letter-spacing: -0.65325px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 4.42969px; display: inline-block;"> </span>-</span><span style="word-spacing: 0.65325px; letter-spacing: -0.65325px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 10.5352px; display: inline-block;">47</span><span style="word-spacing: 0.65325px; letter-spacing: -0.65325px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 202.51px; width: 521.654px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.95898px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 168.504px; display: inline-block;">ransfer to assets under construction</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 272.397px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 58.0429px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 1 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 223.273px; width: 521.461px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 91.3711px; display: inline-block;">otal financial costs</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 334.734px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 1.365px; letter-spacing: -1.365px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 7.00195px; display: inline-block;">-7</span><span style="word-spacing: 1.365px; letter-spacing: -1.365px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 4.75195px; display: inline-block;">5</span><span style="word-spacing: 1.365px; letter-spacing: -1.365px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 4.93359px; display: inline-block;">3</span><span style="word-spacing: 1.365px; letter-spacing: -1.365px; display: inline-block; margin-left: 0px; width: 44.6482px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> -409 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 244.008px; width: 521.449px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 149.977px; display: inline-block;">Financial income and costs, net</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 279.48px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.18525px; letter-spacing: -0.18525px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 21.6562px; display: inline-block;">-673</span><span style="word-spacing: 0.18525px; letter-spacing: -0.18525px; display: inline-block; margin-left: 0px; width: 43.7636px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> -329 </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> Accounting <span class="_ _4c"> </span>policies<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Financial income and costs comprise interest income and costs; r<span class="_ _2"/>ealised and unrealised gains and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">losses on receiv<span class="_ _3"/>ables, payables and tr<span class="_ _2"/>ansactions denominated in for<span class="_ _3"/>eign currencies; r<span class="_ _2"/>ealised gains<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and losses on securities; amortisation of financial assets and liabilities; inter<span class="_ _3"/>ests on leasing </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">agreemen<span class="_ _3"/>ts; bank charges and fees et<span class="_ _3"/>c. Also included are r<span class="_ _2"/>ealised and unrealised gains and losses on </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">derivativ<span class="_ _2"/>e financial instruments that are not designat<span class="_ _3"/>ed as hedges.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">1 <span class="_ _3a"> </span>Primarily r<span class="_ _2"/>elates to financial </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">assets/liabilities measured </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">at amortised cost. Income </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(net) from int<span class="_ _3"/>erest sw<span class="_ _2"/>aps is<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DKK 0m (2022: DKK -<span class="_ _2"/>1m) </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and is included under Inter<span class="_ _3"/><span class="ls0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">est expense to bank<span class="_ _3"/>s, <span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">credit institutions, cor <span class="_ _2d"/>porate </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">bonds, etc.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2 <span class="_ _3b"> </span>Foreign e<span class="_ _3"/>xchange gains in </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2023 amounts to DKK 440m </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(2022: DKK 638m) and for<span class="_ _3"/><span class="ls0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">eign ex<span class="_ _2"/>change losses<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">amounts to DKK 463m </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(2022: DKK 618m)</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> Accounting <span class="_ _4c"> </span>policies<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Financial income and costs comprise interest income and costs; r<span class="_ _2"/>ealised and unrealised gains and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">losses on receiv<span class="_ _3"/>ables, payables and tr<span class="_ _2"/>ansactions denominated in for<span class="_ _3"/>eign currencies; r<span class="_ _2"/>ealised gains<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and losses on securities; amortisation of financial assets and liabilities; inter<span class="_ _3"/>ests on leasing </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">agreemen<span class="_ _3"/>ts; bank charges and fees et<span class="_ _3"/>c. Also included are r<span class="_ _2"/>ealised and unrealised gains and losses on </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">derivativ<span class="_ _2"/>e financial instruments that are not designat<span class="_ _3"/>ed as hedges.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> Accounting <span class="_ _4c"> </span>policies<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Financial income and costs comprise interest income and costs; r<span class="_ _2"/>ealised and unrealised gains and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">losses on receiv<span class="_ _3"/>ables, payables and tr<span class="_ _2"/>ansactions denominated in for<span class="_ _3"/>eign currencies; r<span class="_ _2"/>ealised gains<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and losses on securities; amortisation of financial assets and liabilities; inter<span class="_ _3"/>ests on leasing </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">agreemen<span class="_ _3"/>ts; bank charges and fees et<span class="_ _3"/>c. Also included are r<span class="_ _2"/>ealised and unrealised gains and losses on </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">derivativ<span class="_ _2"/>e financial instruments that are not designat<span class="_ _3"/>ed as hedges.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> Accounting <span class="_ _4c"> </span>policies<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Financial income and costs comprise interest income and costs; r<span class="_ _2"/>ealised and unrealised gains and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">losses on receiv<span class="_ _3"/>ables, payables and tr<span class="_ _2"/>ansactions denominated in for<span class="_ _3"/>eign currencies; r<span class="_ _2"/>ealised gains<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and losses on securities; amortisation of financial assets and liabilities; inter<span class="_ _3"/>ests on leasing </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">agreemen<span class="_ _3"/>ts; bank charges and fees et<span class="_ _3"/>c. Also included are r<span class="_ _2"/>ealised and unrealised gains and losses on </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">derivativ<span class="_ _2"/>e financial instruments that are not designat<span class="_ _3"/>ed as hedges.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">4.<span class="_ _2"/>5 <span class="_ _50"> </span>Interest<span class="_ _2"/>-bearing liabilities</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:178.404296875px;"><span style="position: absolute; display: inline-block; left: 0px; top: 0.0097656px; width: 519.574px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 54.8848px; display: inline-block;">DKK million </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 371.812px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 24.8379px; display: inline-block;">2023</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.244px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="width: 23.7949px; display: inline-block;">2022</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 22.0254px; width: 521.818px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 166.67px; display: inline-block;">Bank loans and mortgage on ferries</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 260.273px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 5.83594px; display: inline-block;">7</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.9395px; display: inline-block;">,124</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.07617px; display: inline-block;">8</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 22.623px; display: inline-block;">,199 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 37.2441px; width: 521.801px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 69.7617px; display: inline-block;">Issued corpora</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 40.5645px; display: inline-block;">te bonds</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 323.461px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 18.2168px; display: inline-block;">992</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.0332px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 20.2266px; display: inline-block;">283 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 52.4629px; width: 521.959px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 64.2539px; display: inline-block;">Lease liability</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 361.875px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.43875px; letter-spacing: -0.43875px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 13.6934px; display: inline-block;">5,0</span><span style="word-spacing: 0.43875px; letter-spacing: -0.43875px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 4.73438px; display: inline-block;">1</span><span style="word-spacing: 0.43875px; letter-spacing: -0.43875px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.63672px; display: inline-block;">8</span><span style="word-spacing: 0.43875px; letter-spacing: -0.43875px; display: inline-block; margin-left: 0px; width: 38.748px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> 3</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 22.6055px; display: inline-block;">,916 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 73.2266px; width: 521.924px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 152.795px; display: inline-block;">otal interest-bearing non-curren</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 49.6875px; display: inline-block;">t liabilities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 211.67px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 32.9473px; display: inline-block;">13,134</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 30.6621px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 12,397 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 95.2129px; width: 522.041px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 166.67px; display: inline-block;">Bank loans and mortgage on ferries</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 259.893px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.06836px; display: inline-block;">1,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 17.502px; display: inline-block;">016</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.5489px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 29.2266px; display: inline-block;">2,349 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 110.432px; width: 521.742px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 69.7617px; display: inline-block;">Issued corpora</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 40.5645px; display: inline-block;">te bonds</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 323.461px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 17.9531px; display: inline-block;">265</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 62.0685px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 125.65px; width: 521.818px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 64.2539px; display: inline-block;">Lease liability</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 361.875px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.06836px; display: inline-block;">1,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.041px; display: inline-block;">055</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.498px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 7</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 14.3672px; display: inline-block;">88 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 146.43px; width: 521.602px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 119.842px; display: inline-block;">otal interest-bearing curr</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 61.3184px; display: inline-block;">ent liabilities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 238.131px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 28.0137px; display: inline-block;">2,336</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.748px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 3,137 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 167.164px; width: 521.982px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 144.322px; display: inline-block;">otal interest-bearing liabilities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 269.977px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.65325px; letter-spacing: -0.65325px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 4.88086px; display: inline-block;">1</span><span style="word-spacing: 0.65325px; letter-spacing: -0.65325px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 7.78125px; display: inline-block;">5,</span><span style="word-spacing: 0.65325px; letter-spacing: -0.65325px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 11.0391px; display: inline-block;">47</span><span style="word-spacing: 0.65325px; letter-spacing: -0.65325px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.73633px; display: inline-block;">0</span><span style="word-spacing: 0.65325px; letter-spacing: -0.65325px; display: inline-block; margin-left: 0px; width: 34.0547px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> 15,535 </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In 2023 DFDS obtained a new term loan of DKK 600m with a ma<span class="_ _2"/>turity of 2 years and based on CIBOR 3M. In </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">addition DFDS ext<span class="_ _3"/>ended the U.N. Ro-Ro acquisition facility<span class="_ _24e"/>, with an additional year partly to 2025 and partl<span class="_ _3"/>y to </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2027 on unchanged terms.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In 2023, DFDS issued tw<span class="_ _2"/>o corporate bonds; a 5 year bond with a nominal amount of NOK 500m, ma<span class="_ _2"/>turing 16 March </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2028 with a floating r<span class="_ _3"/>ate based on NIBOR 3M + 2.<span class="_ _2"/>60%, and a 3 year bond with a nominal amount of NOK 1,<span class="_ _3"/>000m, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">maturing 16 Mar<span class="_ _2"/>ch 2026 with a floating rate based on NIB<span class="_ _3"/>OR 3M + 2.25%. Both bonds are listed on the Oslo Stock </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Exchange and ha<span class="_ _3"/>ve been sw<span class="_ _3"/>apped to a fixed int<span class="_ _3"/>erest r<span class="_ _3"/>ate in DKK. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The fair value of the in<span class="_ _3"/>terest<span class="_ _2"/>-bearing liabilities amounts to DKK 15,<span class="_ _2"/>467m (2022: DKK 15,<span class="_ _2"/>534m). The fair value </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">measurement is ca<span class="_ _3"/>tegorised within lev<span class="_ _3"/>el 3 in the fair value hier<span class="_ _2"/>archy ex<span class="_ _2"/>cept for the issued corporate bonds f<span class="_ _3"/>or </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">which the fair value measur<span class="_ _2"/>ement is categorised within level 2 due to limit<span class="_ _3"/>ed active mark<span class="_ _2"/>et. The fair value of the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">financial liabilities is determined as the presen<span class="_ _3"/>t value of e<span class="_ _3"/>xpected future r<span class="_ _2"/>epayments and interest r<span class="_ _2"/>ates. The </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Group’<span class="_ _2"/>s actual borrowing r<span class="_ _2"/>ate for equivalent terms is used as the discount r<span class="_ _2"/>ate. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DKK 2,<span class="_ _24e"/>760m of the inter<span class="_ _3"/>est-bearing liabilities fall due a<span class="_ _3"/>fter five years (2022: DKK 3<span class="_ _2"/>,165m). No unusual conditions in </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">connection with the borro<span class="_ _2"/>wings are made. The loan agr<span class="_ _3"/>eements can be settled at f<span class="_ _3"/>air value plus a small sur<span class="_ _2"/>charge, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">whereas pr<span class="_ _2"/>emature settlement of the corpor<span class="_ _2"/>ate bonds requir<span class="_ _3"/>es a repur<span class="_ _3"/>chase of the bonds. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Reference is ma<span class="_ _3"/>de to note 4.1 for financial risk<span class="_ _3"/>s, etc.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:160.576171875px;"><span style="position: absolute; display: inline-block; left: 0px; top: 0.0097656px; width: 519.574px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 54.8848px; display: inline-block;">DKK million </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 371.812px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 24.8379px; display: inline-block;">2023</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.244px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="width: 23.7949px; display: inline-block;">2022</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 22.0254px; width: 517.354px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 80.2969px; display: inline-block;">Allocation of curr</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 22.3008px; display: inline-block;">ency</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 127.863px; display: inline-block;">, principal nominal amount:</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 286.008px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 37.2441px; width: 522.047px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 19.7051px; display: inline-block;">DKK</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 406.425px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.77025px; letter-spacing: -0.77025px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.29688px; display: inline-block;">3</span><span style="word-spacing: 0.77025px; letter-spacing: -0.77025px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 7.51172px; display: inline-block;">,6</span><span style="word-spacing: 0.77025px; letter-spacing: -0.77025px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 10.3008px; display: inline-block;">74</span><span style="word-spacing: 0.77025px; letter-spacing: -0.77025px; display: inline-block; margin-left: 0px; width: 42.9784px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 28.4648px; display: inline-block;">4,419 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 52.4629px; width: 521.982px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 19.582px; display: inline-block;">EUR</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 405.229px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 27.0703px; display: inline-block;">8,286</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.17578px; display: inline-block;">9</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 22.2832px; display: inline-block;">,197 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 67.6973px; width: 521.73px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 21.4219px; display: inline-block;">NOK</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 403.999px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 26.1152px; display: inline-block;">1,294</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.6154px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 324 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 82.916px; width: 522.064px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 22.7109px; display: inline-block;">GBP </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 403.249px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 25.5762px; display: inline-block;">1,199</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.748px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 1,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.1562px; display: inline-block;">075 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 98.1348px; width: 521.525px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 20.4023px; display: inline-block;">USD</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 413.291px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.32175px; letter-spacing: -0.32175px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 17.2031px; display: inline-block;">670</span><span style="word-spacing: 0.32175px; letter-spacing: -0.32175px; display: inline-block; margin-left: 0px; width: 50.4727px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 20.1562px; display: inline-block;">342 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 113.354px; width: 521.812px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 18.5156px; display: inline-block;">SEK</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 414.896px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 18.1172px; display: inline-block;">302</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.498px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 140 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 128.572px; width: 521.449px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 26.4434px; display: inline-block;">Other</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 413.291px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.0176px; display: inline-block;">44</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0801px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 40 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 149.336px; width: 521.982px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 144.322px; display: inline-block;">otal interest-bearing liabilities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 269.977px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.65325px; letter-spacing: -0.65325px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 4.88086px; display: inline-block;">1</span><span style="word-spacing: 0.65325px; letter-spacing: -0.65325px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 7.78125px; display: inline-block;">5,</span><span style="word-spacing: 0.65325px; letter-spacing: -0.65325px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 11.0391px; display: inline-block;">47</span><span style="word-spacing: 0.65325px; letter-spacing: -0.65325px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.73633px; display: inline-block;">0</span><span style="word-spacing: 0.65325px; letter-spacing: -0.65325px; display: inline-block; margin-left: 0px; width: 34.0547px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> 15,535 </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> Accounting <span class="_ _4c"> </span>policies<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Interest<span class="_ _2"/>-bearing liabilities comprise amounts owed to mortgage/<span class="_ _24e"/>credit institutions and banks as well </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">as amounts ow<span class="_ _3"/>ed to owners of issued corpor<span class="_ _3"/>ate bonds including liabilities arising fr<span class="_ _3"/>om derivativ<span class="_ _2"/>es<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">rela<span class="_ _3"/>ting to issued corpora<span class="_ _3"/>te bonds. The amounts are initiall<span class="_ _2"/>y recognised at fair v<span class="_ _3"/>alue net of tr<span class="_ _3"/>ansaction </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">expenses. Subsequentl<span class="_ _2"/>y<span class="_ _3"/>, the financial liability is measured at amortised cost, corr<span class="_ _3"/>esponding to the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">capitalised value using the eff<span class="_ _3"/>ective inter<span class="_ _2"/>est method, so that the difference betw<span class="_ _3"/>een the proceeds and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the nominal value is r<span class="_ _3"/>ecognised in the income statement under financial costs o<span class="_ _3"/>ver the term of the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">loan. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Interest<span class="_ _2"/>-bearing liabilities also include capitalised residual lease obligations on leases. Other liabilities </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are r<span class="_ _2"/>ecognised at amortised cost<span class="_ _4"/>, which corresponds to the ne<span class="_ _3"/>t realisable val<span class="_ _3"/>ue in all material </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">respects.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> Accounting <span class="_ _4c"> </span>policies<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Interest<span class="_ _2"/>-bearing liabilities comprise amounts owed to mortgage/<span class="_ _24e"/>credit institutions and banks as well </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">as amounts ow<span class="_ _3"/>ed to owners of issued corpor<span class="_ _3"/>ate bonds including liabilities arising fr<span class="_ _3"/>om derivativ<span class="_ _2"/>es<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">rela<span class="_ _3"/>ting to issued corpora<span class="_ _3"/>te bonds. The amounts are initiall<span class="_ _2"/>y recognised at fair v<span class="_ _3"/>alue net of tr<span class="_ _3"/>ansaction </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">expenses. Subsequentl<span class="_ _2"/>y<span class="_ _3"/>, the financial liability is measured at amortised cost, corr<span class="_ _3"/>esponding to the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">capitalised value using the eff<span class="_ _3"/>ective inter<span class="_ _2"/>est method, so that the difference betw<span class="_ _3"/>een the proceeds and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the nominal value is r<span class="_ _3"/>ecognised in the income statement under financial costs o<span class="_ _3"/>ver the term of the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">loan. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Interest<span class="_ _2"/>-bearing liabilities also include capitalised residual lease obligations on leases. Other liabilities </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are r<span class="_ _2"/>ecognised at amortised cost<span class="_ _4"/>, which corresponds to the ne<span class="_ _3"/>t realisable val<span class="_ _3"/>ue in all material </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">respects.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Dividends</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Proposed dividends is r<span class="_ _2"/>ecognised as liabilities at the date on which they ar<span class="_ _3"/>e adopted at the Annual </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">General Meeting (time of declar<span class="_ _2"/>ation).</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Reserve for treasury shares</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The reserve comprises the nominal v<span class="_ _3"/>alue of treasury shar<span class="_ _3"/>es. The differ<span class="_ _3"/>ence between the marke<span class="_ _3"/>t price </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">paid and the nominal value as w<span class="_ _3"/>ell as dividends on treasury shares ar<span class="_ _2"/>e recognised directl<span class="_ _2"/>y in equity </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">under retained earnings. The r<span class="_ _2"/>eserve is a distributable reserve.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">4.<span class="_ _26"/>7 <span class="_ _3c"> </span>T<span class="_ _2"/>reasury shares</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:132.232421875px;"><span style="position: absolute; display: inline-block; left: 0px; top: 0.0097656px; width: 519.574px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 85.0723px; display: inline-block;">Number of shares </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 341.625px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 24.8379px; display: inline-block;">2023</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.244px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="width: 23.7949px; display: inline-block;">2022</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 22.0254px; width: 521.713px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.95898px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 129.123px; display: inline-block;">reasury shares at 1 January</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 272.397px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.06836px; display: inline-block;">1,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 38.0742px; display: inline-block;">381,528</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 17.7773px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 1,272,31</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 8.29102px; display: inline-block;">8 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 37.2598px; width: 522.105px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 72.7559px; display: inline-block;">Acquisition of tr</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 65.2793px; display: inline-block;">easury shares</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 269.174px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.06836px; display: inline-block;">1,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.0801px; display: inline-block;">071,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 17.9531px; display: inline-block;">428</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.2832px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 16.5176px; display: inline-block;">110</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 23.6543px; display: inline-block;">,000 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 52.4785px; width: 300.229px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 116.244px; display: inline-block;">Disposal of treasury shar</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 55.6055px; display: inline-block;">es due to ex</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 62.5898px; display: inline-block;">ercise of shar</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 67.582px; display: inline-block;">e options and </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 65.9785px; width: 521.648px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 56.1797px; display: inline-block;">restricted st</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 41.7305px; display: inline-block;">ock units</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 319.166px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 15.6445px; display: inline-block;">-37</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.62px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 21.2402px; display: inline-block;">,046</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.6482px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.4023px; display: inline-block;">790 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 86.7422px; width: 521.877px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 148.154px; display: inline-block;">reasury shares at 31 December</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 250.781px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 27.0117px; display: inline-block;">2,415</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 21.2695px; display: inline-block;">,910</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 16.0723px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 1,381,528 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 107.477px; width: 290.971px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 30.3926px; display: inline-block;">Marke</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 225.346px; display: inline-block;">t value of treasury shares based on quoted shar</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 36.1582px; display: inline-block;">e price </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 120.992px; width: 521.572px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 75.4805px; display: inline-block;">at 31 December</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 59.5371px; display: inline-block;">, DKK million</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 299.285px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 18.791px; display: inline-block;">539</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.9315px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 20.7891px; display: inline-block;">354 </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In accordance with the Annual Gener<span class="_ _2"/>al Meeting in March 2023 the Board of Dir<span class="_ _2"/>ectors is authorised – until 22 March </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2027 – to acquir<span class="_ _3"/>e treasury shar<span class="_ _3"/>es up to 5<span class="_ _3"/>,860<span class="_ _24e"/>,000 shares corr<span class="_ _2"/>esponding to a nominal share value of DKK </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">11<span class="_ _2"/>7<span class="_ _24e"/>,200<span class="_ _3"/>,<span class="_ _3"/>000<span class="_ _2"/>. Howev<span class="_ _3"/>er<span class="_ _2"/>, DFDS’ total number of tr<span class="_ _3"/>easury shares cannot at an<span class="_ _3"/>y time ex<span class="_ _3"/>ceed 10% of DFDS A/S’ shar<span class="_ _2"/>e<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">capital. The price cannot devia<span class="_ _3"/>te by mor<span class="_ _3"/>e than 10% from the list<span class="_ _3"/>ed acquisition price on NASDA<span class="_ _2"/>Q Copenhagen at </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the time of acquisition.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS A/S has during 2023 acquir<span class="_ _2"/>ed treasury shares for a total pa<span class="_ _2"/>yment of DKK 300m in connection with a share </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">buyback (2022: DKK 32m). Furthermore, during 2023 DFDS A/<span class="_ _2"/>S has disposed treasury shares for a total </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">considera<span class="_ _3"/>tion of DKK 0m (2022: DKK 0m) in connection with employ<span class="_ _3"/>ees’ ex<span class="_ _3"/>ercise of shar<span class="_ _3"/>e options/<span class="_ _2"/>restricted stock </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">units. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Paren<span class="_ _3"/>t company’s holding of tr<span class="_ _2"/>easur<span class="_ _4"/>y shares a<span class="_ _3"/>t 31 December 2023 is 2,415<span class="_ _2"/>,91<span class="_ _3"/>0 shares of DKK 20 each (2022: </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">1,381,<span class="_ _2"/>528 shares), corr<span class="_ _3"/>esponding to 4.12% (2022: 2.36%) of the P<span class="_ _3"/>arent company’<span class="_ _2"/>s share capital. T<span class="_ _24e"/>reasury shares </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are used to co<span class="_ _3"/>ver the shar<span class="_ _3"/>e option scheme and restrict<span class="_ _3"/>ed stock unit plan for employ<span class="_ _3"/>ees.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Reserve for treasury shares</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The reserve comprises the nominal v<span class="_ _3"/>alue of treasury shar<span class="_ _3"/>es. The differ<span class="_ _3"/>ence between the marke<span class="_ _3"/>t price </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">paid and the nominal value as w<span class="_ _3"/>ell as dividends on treasury shares ar<span class="_ _2"/>e recognised directl<span class="_ _2"/>y in equity </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">under retained earnings. The r<span class="_ _2"/>eserve is a distributable reserve.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">4.<span class="_ _3"/>8 <span class="_ _6c"> </span>Earnings per shar<span class="_ _2"/>e</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:194.875px;"><span style="position: absolute; display: inline-block; left: 0px; top: 0.0097656px; width: 519.58px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 424.642px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 24.8379px; display: inline-block;">2023</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.244px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 23.7949px; display: inline-block;">2022</span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 22.0254px; width: 521.977px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 65.1211px; display: inline-block;">Profit for the y</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 79.0547px; display: inline-block;">ear (DKK million) </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 282.545px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.06836px; display: inline-block;">1,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.041px; display: inline-block;">505</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.5469px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 2,019 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 37.2441px; width: 521.924px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 10.3945px; display: inline-block;">At</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 154.922px; display: inline-block;">tributable to non-controlling inter</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 80.5195px; display: inline-block;">ests (DKK million)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 197.221px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 9.61523px; display: inline-block;">-3</span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; width: 51.5917px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span>-1</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.54883px; display: inline-block;">0</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 58.0078px; width: 521.438px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 7.20703px; display: inline-block;">A</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 122.443px; display: inline-block;">ttributable to DFDS Group</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 296.033px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 26.5312px; display: inline-block;">1,501</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 9.05273px; display: inline-block;">2,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.3613px; display: inline-block;">010 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 79.9941px; width: 521.789px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 9.62695px; display: inline-block;">W</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 49.2715px; display: inline-block;">eighted av</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 121.225px; display: inline-block;">erage number of issued or</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 24.2344px; display: inline-block;">dinar</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 38.7598px; display: inline-block;">y shares</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 158.379px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 14.9004px; display: inline-block;">58,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 26.209px; display: inline-block;">631,5</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 11.9062px; display: inline-block;">78</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 11.7304px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 58,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.2852px; display: inline-block;">631,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 11.7598px; display: inline-block;">57</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 8.29102px; display: inline-block;">8 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 95.2129px; width: 522.164px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 9.62695px; display: inline-block;">W</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 49.2715px; display: inline-block;">eighted av</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 86.7656px; display: inline-block;">erage number of tr</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 26.5254px; display: inline-block;">easur</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 38.7598px; display: inline-block;">y shares</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 193.107px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 3.74414px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 29.7891px; display: inline-block;">2,280,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 17.25px; display: inline-block;">841</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 19.2304px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 3.74414px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 26.3496px; display: inline-block;">1,363</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 22.8398px; display: inline-block;">,552 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 110.461px; width: 522.012px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 9.9082px; display: inline-block;">W</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 66.3809px; display: inline-block;">eighted avera</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 97.3594px; display: inline-block;">ge number of circula</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 94.8691px; display: inline-block;">ting ordinary shares</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 131.602px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.4805px; display: inline-block;">56</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 21.7734px; display: inline-block;">,350</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 2.97656px; display: inline-block;">,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.3516px; display: inline-block;">737</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 10.0781px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 57</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.62px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 45.5859px; display: inline-block;">,268,026 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 125.65px; width: 521.865px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 90.4922px; display: inline-block;">Effects of dilution fr</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 256.506px; display: inline-block;">om issued share options and restricted stock unit plans</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 69.1991px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 17.1914px; display: inline-block;">126</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 2.90039px; display: inline-block;">,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 17.8535px; display: inline-block;">726</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.2832px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 79</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 23.4785px; display: inline-block;">,636 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 146.43px; width: 521.807px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 9.9082px; display: inline-block;">W</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 66.3809px; display: inline-block;">eighted avera</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 97.3594px; display: inline-block;">ge number of circula</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 100.436px; display: inline-block;">ting ordinary shares (</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 36.9258px; display: inline-block;">diluted)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 89.4259px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 15.457px; display: inline-block;">56,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.3691px; display: inline-block;">477</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.62px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 21.9609px; display: inline-block;">,463</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 16.0723px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.1406px; display: inline-block;">57</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 15.5918px; display: inline-block;">,34</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 6.0293px; display: inline-block;">7</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 23.8418px; display: inline-block;">,662 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 168.416px; width: 521.502px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 222.311px; display: inline-block;">Basic earnings per share (EPS) of DKK 20 in DKK</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 203.338px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.43875px; letter-spacing: -0.43875px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 19.3184px; display: inline-block;">26.6</span><span style="word-spacing: 0.43875px; letter-spacing: -0.43875px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.57227px; display: inline-block;">4</span><span style="word-spacing: 0.43875px; letter-spacing: -0.43875px; display: inline-block; margin-left: 0px; width: 37.5469px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> 35.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 14.5723px; display: inline-block;">09 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 183.635px; width: 521.742px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 157.828px; display: inline-block;">Diluted earnings per share (EPS-D</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 83.0039px; display: inline-block;">) of DKK 20 in DKK</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 185.853px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.0234px; display: inline-block;">26</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 14.9004px; display: inline-block;">.58</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.0664px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 35</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 2.90039px; display: inline-block;">.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 14.4023px; display: inline-block;">04 </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">When calculating diluted earnings per shar<span class="_ _2"/>e for 2023, 1,138<span class="_ _3"/>,<span class="_ _3"/>905 share options (2022: 1,155<span class="_ _2"/>,397 shar<span class="_ _2"/>e options) </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">hav<span class="_ _3"/>e been omitted as they ar<span class="_ _2"/>e out-of-the-money<span class="_ _24e"/>. The share options might dilute earnings per shar<span class="_ _3"/>e in the future.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">5<span class="_ _3"/>.1<span class="_ _4"/> <span class="_ _85"> </span>Remunera<span class="_ _2"/>tion to the Executiv<span class="_ _2"/>e Board and Board of Dir<span class="_ _3"/>ectors</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:263.404296875px;"><span style="position: absolute; display: inline-block; left: 0px; top: 0.0097656px; width: 797.684px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 44.666px; display: inline-block;">DKK ‘000</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 660.143px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 24.8379px; display: inline-block;">2023</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.244px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 23.7949px; display: inline-block;">2022</span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 22.0547px; width: 175.857px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 110.344px; display: inline-block;">Remuneration to the Ex</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 66.3809px; display: inline-block;">ecutive Board</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 40.6504px; width: 800.115px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 9.62695px; display: inline-block;">W</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 83.1621px; display: inline-block;">ages and salaries</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 603.518px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 3.74414px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 14.1328px; display: inline-block;">13,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.1992px; display: inline-block;">700</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.3027px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -13</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 22.4648px; display: inline-block;">,410 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 55.8691px; width: 797.654px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 39.7559px; display: inline-block;">Exit cost</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 660.143px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 3.74414px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 26.6895px; display: inline-block;">2,355</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.0429px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 3.74414px; display: inline-block;">-</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 71.0879px; width: 800.109px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 28.9922px; display: inline-block;">Bonus</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 672.93px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 23.0508px; display: inline-block;">-8,11</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.83594px; display: inline-block;">7</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.3027px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 11.3496px; display: inline-block;">10</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 23.4492px; display: inline-block;">,640 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 86.3066px; width: 799.611px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 162.129px; display: inline-block;">Defined contribution pension plans</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 538.916px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 7.64648px; display: inline-block;">-1</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 2.26758px; display: inline-block;">,</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.43164px; display: inline-block;">3</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 10.7461px; display: inline-block;">70</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 35.8946px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> -1,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.4531px; display: inline-block;">341 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 101.525px; width: 799.676px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 74.1621px; display: inline-block;">Share based pa</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 29.2031px; display: inline-block;">yment</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 596.771px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 9.67383px; display: inline-block;">-5</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 2.90039px; display: inline-block;">,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.2871px; display: inline-block;">950</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.6641px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -4,4</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.83594px; display: inline-block;">7</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 8.2207px; display: inline-block;">4 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 116.744px; width: 799.793px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 102.234px; display: inline-block;">Other employee costs</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 605.46px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 21.8555px; display: inline-block;">-459</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.4179px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 23.8242px; display: inline-block;">-455 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 137.508px; width: 799.605px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 67.6992px; display: inline-block;">otal remunera</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 127.447px; display: inline-block;">tion to the Executive Board</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 494.096px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 18.5098px; display: inline-block;">-31,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.0234px; display: inline-block;">951</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 30.6621px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 16.3945px; display: inline-block;">-30</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 23.7949px; display: inline-block;">,320 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 157.369px; width: 797.977px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.95898px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 60.0703px; display: inline-block;">otal remuner</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 77.918px; display: inline-block;">ation to the Boar</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 6.15234px; display: inline-block;">d</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 551.104px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 30.9375px; display: inline-block;">-4,500</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.0664px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 30.9375px; display: inline-block;">-4,500</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 175.135px; width: 797.689px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.95898px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 60.0703px; display: inline-block;">otal remuner</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 119.637px; display: inline-block;">ation to the Audit Commit</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 15.1758px; display: inline-block;">tee</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 508.946px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 22.0371px; display: inline-block;">-500</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.996px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 22.0371px; display: inline-block;">-500</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 192.9px; width: 797.361px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.95898px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 60.0703px; display: inline-block;">otal remuner</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 149.402px; display: inline-block;">ation to the Nomination Commit</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 15.1758px; display: inline-block;">tee</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 480.825px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 3.74414px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 17.2793px; display: inline-block;">150</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7832px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 3.74414px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 17.2793px; display: inline-block;">150</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 210.666px; width: 240.27px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.95898px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 60.0703px; display: inline-block;">otal remuner</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 97.6758px; display: inline-block;">ation to the Remuner</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 78.7324px; display: inline-block;">ation Committee</span></span><span style="position: absolute; display: inline-block; left: 708.859px; top: 212.791px; width: 88.0957px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 3.74414px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 17.2793px; display: inline-block;">150</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7832px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 3.74414px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 17.2793px; display: inline-block;">150</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 231.43px; width: 797.678px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 67.6992px; display: inline-block;">otal remunera</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 136.066px; display: inline-block;">tion to the Board of Directors</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 490.301px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 9.82031px; display: inline-block;">-5</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 22.0488px; display: inline-block;">,300</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.4922px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.7969px; display: inline-block;">-5,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.0723px; display: inline-block;">300</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 252.164px; width: 797.572px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 67.6992px; display: inline-block;">otal remunera</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 172.939px; display: inline-block;">tion to the Executive Board and Boar</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 63.5625px; display: inline-block;">d of Directors</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 386.543px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 3.70898px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 12.3281px; display: inline-block;">37</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.6953px; display: inline-block;">,251</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.3027px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 15.3867px; display: inline-block;">35,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.832px; display: inline-block;">620</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The termination period for the Ex<span class="_ _2"/>ecutive Board is 12 months. Further<span class="_ _24e"/>, the CEO has additional 12 months redundancy </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">payment. In connection with a change of contr<span class="_ _2"/>ol of the Group, the members of the Executiv<span class="_ _3"/>e Board can – within the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">first 3 months of the ev<span class="_ _3"/>ent - terminate their emplo<span class="_ _3"/>yment with the same effect as if the Company had giv<span class="_ _2"/>en notice of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">termination of emplo<span class="_ _3"/>yment to the Executiv<span class="_ _3"/>e Board. K<span class="_ _2"/>ey management personnel is defined as the Executiv<span class="_ _3"/>e Board </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">consisting of CEO T<span class="_ _24e"/>orben Carlsen and CFO Karina Deacon.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Remunera<span class="_ _3"/>tion to the chair of the Audit Committee is DKK 250k per y<span class="_ _2"/>ear (2022: DKK 250k) and remuneration t<span class="_ _3"/>o </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">other members of the Audit Commit<span class="_ _3"/>tee is DKK 125k per year (2022: DKK 125k) each. Remuner<span class="_ _2"/>ation to each of the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">three members of the Remuner<span class="_ _2"/>ation and Nomination Committee is DKK 100k per y<span class="_ _3"/>ear (2022: DKK 100k).</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">5<span class="_ _2"/>.3 <span class="_ _50"> </span>Share based pa<span class="_ _2"/>yment</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Long-term incentiv<span class="_ _3"/>es</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The decision to grant long-<span class="_ _2"/>term incentives is made by the Boar<span class="_ _3"/>d of Directors with consider<span class="_ _2"/>ation to DFDS' </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">remuner<span class="_ _2"/>ation policy appro<span class="_ _3"/>ved by the Annual Gener<span class="_ _2"/>al Meeting. With effect from 2021 the long-<span class="_ _3"/>term incentives for </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the Executiv<span class="_ _3"/>e Board and k<span class="_ _3"/>ey employ<span class="_ _3"/>ees consist of two components, Shar<span class="_ _3"/>e options and Restricted Shar<span class="_ _3"/>e Units </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(RSUs) where the a<span class="_ _2"/>ward is split 50/50 based on value as per gr<span class="_ _2"/>ant date. In 2023 a further group of k<span class="_ _3"/>ey employ<span class="_ _3"/>ees </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">wer<span class="_ _3"/>e granted long-<span class="_ _2"/>term incentives in the form of RSUs. All components vest on a str<span class="_ _3"/>aight-line basis o<span class="_ _2"/>ver three years </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">from the da<span class="_ _3"/>te of grant. Special conditions appl<span class="_ _2"/>y regarding illness and dea<span class="_ _3"/>th and if the capital structure of the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Paren<span class="_ _3"/>t company is changed. Share options and R<span class="_ _3"/>SUs granted can onl<span class="_ _2"/>y be settled with shares. A part of the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">treasury shar<span class="_ _3"/>es is reserved for se<span class="_ _3"/>ttling the outstanding shar<span class="_ _3"/>e options, RSUs and phantom shares.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Share options</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Share options ha<span class="_ _2"/>ve been granted to the Ex<span class="_ _3"/>ecutive Boar<span class="_ _3"/>d and key emplo<span class="_ _2"/>yees. Each share option giv<span class="_ _2"/>es the holder<span class="_ _4"/> <span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of the option the right to acquir<span class="_ _2"/>e one existing share in the Par<span class="_ _2"/>ent company of nominal DKK 20<span class="_ _3"/>. The share option </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">schemes equal a right to acquir<span class="_ _3"/>e 1.<span class="_ _3"/>9% of the share capital (2022: 2.<span class="_ _2"/>0%) if all remaining share op<span class="_ _3"/>tions are e<span class="_ _3"/>xer<span class="_ _3"/>cised.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Share options w<span class="_ _2"/>ere granted in 2016-<span class="_ _24e"/>2020 at an ex<span class="_ _3"/>ercise price equal to the a<span class="_ _3"/>ver<span class="_ _3"/>age share price of the P<span class="_ _3"/>arent </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">company’s shar<span class="_ _2"/>es 20 days befor<span class="_ _3"/>e the grant with an addition of 1<span class="_ _3"/>0%. Share options ar<span class="_ _2"/>e granted in 2021 and later a<span class="_ _3"/>t </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">an ex<span class="_ _2"/>ercise price equal to the aver<span class="_ _2"/>age share price of the Par<span class="_ _3"/>ent company’s shar<span class="_ _2"/>es five days after the r<span class="_ _2"/>elease of the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Q4 report with an addition of 10%.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The share options can be e<span class="_ _2"/>xercised when a minimum of thr<span class="_ _3"/>ee years and a maximum of fiv<span class="_ _3"/>e years hav<span class="_ _3"/>e elapsed </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">since the grant da<span class="_ _3"/>tes.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:485.705078125px;"><span style="position: absolute; display: inline-block; left: 494.328px; top: 0.0078125px; width: 24.8379px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 24.8379px; display: inline-block;">2023</span></span><span style="position: absolute; display: inline-block; left: 338.922px; top: 22.0234px; width: 46.2012px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 46.2012px; display: inline-block;">Resigned </span></span><span style="position: absolute; display: inline-block; left: 337.141px; top: 34.0234px; width: 47.918px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 40.9336px; display: inline-block;">Executiv</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 7.85156px; display: inline-block;">e </span></span><span style="position: absolute; display: inline-block; left: 354.094px; top: 46.0391px; width: 31.1133px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 31.1133px; display: inline-block;">Board </span></span><span style="position: absolute; display: inline-block; left: 478.906px; top: 46.0391px; width: 41.9297px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 7.20703px; display: inline-block;">A</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 21.7148px; display: inline-block;">vera</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 13.9629px; display: inline-block;">ge </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 338.922px; top: 58.0391px; width: 46.6055px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 46.6055px; display: inline-block;">members </span></span><span style="position: absolute; display: inline-block; left: 478.906px; top: 58.0391px; width: 41.5488px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 11.4492px; display: inline-block;">ex</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 30.9668px; display: inline-block;">ercise </span></span><span style="position: absolute; display: inline-block; left: 201.828px; top: 70.0234px; width: 47.8887px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 40.9336px; display: inline-block;">Executiv</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 7.85156px; display: inline-block;">e </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 298.203px; top: 70.0234px; width: 19.248px; white-space: pre; word-spacing: 0.4095px; letter-spacing: -0.4095px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 16.8223px; display: inline-block;">Key</span><span style="word-spacing: 0.4095px; letter-spacing: -0.4095px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span><span style="word-spacing: 0.4095px; letter-spacing: -0.4095px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="position: absolute; display: inline-block; left: 364.938px; top: 70.0391px; width: 20.5488px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 20.5488px; display: inline-block;">and </span></span><span style="position: absolute; display: inline-block; left: 476.172px; top: 70.0547px; width: 44.0918px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 44.0918px; display: inline-block;">price per </span></span><span style="position: absolute; display: inline-block; left: 217.375px; top: 82.0234px; width: 31.1133px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 31.1133px; display: inline-block;">Board </span></span><span style="position: absolute; display: inline-block; left: 263.094px; top: 82.0234px; width: 53.2969px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 35.4316px; display: inline-block;">employ</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.7324px; display: inline-block;">ees </span></span><span style="position: absolute; display: inline-block; left: 330.531px; top: 82.0391px; width: 53.2969px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 35.4316px; display: inline-block;">employ</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.7324px; display: inline-block;">ees </span></span><span style="position: absolute; display: inline-block; left: 488.844px; top: 82.0547px; width: 32.332px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 32.3613px; display: inline-block;">option </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 208.922px; top: 94.0391px; width: 38.0859px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 38.0859px; display: inline-block;">Number</span></span><span style="position: absolute; display: inline-block; left: 277.391px; top: 94.0391px; width: 38.0859px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 38.0859px; display: inline-block;">Number</span></span><span style="position: absolute; display: inline-block; left: 344.031px; top: 94.0391px; width: 105.902px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 38.0859px; display: inline-block;">Number</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.3534px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.2891px; display: inline-block;">otal</span></span><span style="position: absolute; display: inline-block; left: 499.094px; top: 94.0547px; width: 20.4785px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 20.4785px; display: inline-block;">DKK</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 116.041px; width: 519.691px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 118.57px; display: inline-block;">Outstanding at 1 January</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 92.1739px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 19.9395px; display: inline-block;">412,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 17.2383px; display: inline-block;">341</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.9414px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 17.7891px; display: inline-block;">555</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 2.90039px; display: inline-block;">,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.2871px; display: inline-block;">590</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.2832px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 17.0742px; display: inline-block;">187</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 21.2109px; display: inline-block;">,466</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 20.4317px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 29.2324px; display: inline-block;">1,155,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.7031px; display: inline-block;">397</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.0664px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 20.1973px; display: inline-block;">331.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 11.9883px; display: inline-block;">76</span></span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 131.26px; width: 519.727px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.95898px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 63.0352px; display: inline-block;">ransferred be</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 80.9062px; display: inline-block;">tween categories</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 93.0761px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.6641px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 3.74414px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.62px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 31.4297px; display: inline-block;">71,010</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.0664px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 13.8984px; display: inline-block;">71,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 17.5312px; display: inline-block;">010</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6406px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.38672px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.4199px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="width: 32.9766px; display: inline-block;">332.84</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 146.479px; width: 519.656px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 95.4258px; display: inline-block;">Granted during the y</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 15.7383px; display: inline-block;">ear</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 106.26px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.96525px; letter-spacing: -0.96525px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.19141px; display: inline-block;">6</span><span style="word-spacing: 0.96525px; letter-spacing: -0.96525px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 12.0059px; display: inline-block;">9,7</span><span style="word-spacing: 0.96525px; letter-spacing: -0.96525px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.2207px; display: inline-block;">0</span><span style="word-spacing: 0.96525px; letter-spacing: -0.96525px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 4.86914px; display: inline-block;">7</span><span style="word-spacing: 0.96525px; letter-spacing: -0.96525px; display: inline-block; margin-left: 0px; width: 31.9102px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 20.0098px; display: inline-block;">128,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 17.8652px; display: inline-block;">532</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6406px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1836px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 39.9375px; display: inline-block;">198,239</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.0391px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="width: 33.1699px; display: inline-block;">292.00</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 161.697px; width: 519.539px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 91.8281px; display: inline-block;">Expired during the y</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 15.7383px; display: inline-block;">ear</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 105.064px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 15.9258px; display: inline-block;">-49</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.998px; display: inline-block;">,213</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 33.0469px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 15.5039px; display: inline-block;">-57</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 21.2988px; display: inline-block;">,630</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.2832px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 36.6914px; display: inline-block;">-98,245</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 24.6738px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 3.70898px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 40.5527px; display: inline-block;">205,088</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.6641px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 21.0996px; display: inline-block;">383.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 12.3633px; display: inline-block;">00</span></span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 176.916px; width: 519.773px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 98.8008px; display: inline-block;">Forfeited during the y</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 15.7383px; display: inline-block;">ear</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 99.5685px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 3.74414px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 13.9922px; display: inline-block;">15,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 17.4141px; display: inline-block;">301</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.748px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 3.74414px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.748px; display: inline-block;">2,67</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.92969px; display: inline-block;">5</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.5469px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.7969px; display: inline-block;">-6,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.3984px; display: inline-block;">968</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.2832px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 3.70898px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 34.3828px; display: inline-block;">24,944</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.8946px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 11.9004px; display: inline-block;">37</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 21.1582px; display: inline-block;">4.80</span></span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 197.68px; width: 519.574px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 136.846px; display: inline-block;">Outstanding at 31 December</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.254px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 11.8477px; display: inline-block;">41</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 6.0293px; display: inline-block;">7</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 21.709px; display: inline-block;">,534</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1836px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 39.9961px; display: inline-block;">552,807</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1836px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 39.6562px; display: inline-block;">153,263</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 19.7285px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 48.4512px; display: inline-block;">1,123,604</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.6641px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 20.918px; display: inline-block;">315.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 12.6797px; display: inline-block;">93</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 219.666px; width: 519.838px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24375px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 40.7871px; display: inline-block;">Of this ex</span><span style="word-spacing: 0px; letter-spacing: -0.24375px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 137.051px; display: inline-block;">ercisable at the end of the year</span><span style="word-spacing: 0px; letter-spacing: -0.24375px; display: inline-block; margin-left: 0px; width: 32.6719px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 38.0977px; display: inline-block;">241,586</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.3027px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 18.0879px; display: inline-block;">263</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 21.3047px; display: inline-block;">,939</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 30.6621px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 20.0566px; display: inline-block;">135,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 17.877px; display: inline-block;">528</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.5645px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 39.9902px; display: inline-block;">641,053</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.8946px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="width: 17.4082px; display: inline-block;">319</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 15.1465px; display: inline-block;">.30</span></span></span><span style="position: absolute; display: inline-block; left: 494.328px; top: 254.775px; width: 23.7949px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 23.7949px; display: inline-block;">2022</span></span><span style="position: absolute; display: inline-block; left: 338.922px; top: 276.82px; width: 46.2012px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 46.2012px; display: inline-block;">Resigned </span></span><span style="position: absolute; display: inline-block; left: 337.141px; top: 288.82px; width: 47.918px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 40.9336px; display: inline-block;">Executiv</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 7.85156px; display: inline-block;">e </span></span><span style="position: absolute; display: inline-block; left: 354.094px; top: 300.82px; width: 31.1133px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 31.1133px; display: inline-block;">Board </span></span><span style="position: absolute; display: inline-block; left: 478.906px; top: 300.836px; width: 41.9297px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 7.20703px; display: inline-block;">A</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 21.7148px; display: inline-block;">vera</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 13.9629px; display: inline-block;">ge </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 338.922px; top: 312.82px; width: 46.6055px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 46.6055px; display: inline-block;">members </span></span><span style="position: absolute; display: inline-block; left: 478.906px; top: 312.836px; width: 41.5488px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 11.4492px; display: inline-block;">ex</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 30.9668px; display: inline-block;">ercise </span></span><span style="position: absolute; display: inline-block; left: 201.828px; top: 324.82px; width: 47.8887px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 40.9336px; display: inline-block;">Executiv</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 7.85156px; display: inline-block;">e </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 298.203px; top: 324.82px; width: 19.248px; white-space: pre; word-spacing: 0.4095px; letter-spacing: -0.4095px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 16.8223px; display: inline-block;">Key</span><span style="word-spacing: 0.4095px; letter-spacing: -0.4095px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span><span style="word-spacing: 0.4095px; letter-spacing: -0.4095px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="position: absolute; display: inline-block; left: 364.938px; top: 324.82px; width: 20.5488px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 20.5488px; display: inline-block;">and </span></span><span style="position: absolute; display: inline-block; left: 476.172px; top: 324.836px; width: 44.0918px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 44.0918px; display: inline-block;">price per </span></span><span style="position: absolute; display: inline-block; left: 217.375px; top: 336.82px; width: 31.1133px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 31.1133px; display: inline-block;">Board </span></span><span style="position: absolute; display: inline-block; left: 263.094px; top: 336.82px; width: 53.2969px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 35.4316px; display: inline-block;">employ</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.7324px; display: inline-block;">ees </span></span><span style="position: absolute; display: inline-block; left: 330.531px; top: 336.82px; width: 53.2969px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 35.4316px; display: inline-block;">employ</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.7324px; display: inline-block;">ees </span></span><span style="position: absolute; display: inline-block; left: 488.844px; top: 336.836px; width: 32.332px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 32.3613px; display: inline-block;">option </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 208.922px; top: 348.82px; width: 38.0859px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 38.0859px; display: inline-block;">Number</span></span><span style="position: absolute; display: inline-block; left: 277.391px; top: 348.82px; width: 38.0859px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 38.0859px; display: inline-block;">Number</span></span><span style="position: absolute; display: inline-block; left: 344.031px; top: 348.836px; width: 105.902px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 38.0859px; display: inline-block;">Number</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.3534px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.2891px; display: inline-block;">otal</span></span><span style="position: absolute; display: inline-block; left: 499.094px; top: 348.836px; width: 20.4785px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 20.4785px; display: inline-block;">DKK</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 370.822px; width: 522.152px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 118.57px; display: inline-block;">Outstanding at 1 January</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.9102px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 37</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.92969px; display: inline-block;">5</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 23.2852px; display: inline-block;">,305 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 24.6738px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 626,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.3027px; display: inline-block;">362 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 23.8828px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 155,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.2441px; display: inline-block;">426 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 15.498px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> 1,15</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 6.0293px; display: inline-block;">7</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 24.0938px; display: inline-block;">,093 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 32.6719px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 35.6074px; display: inline-block;">336.36 </span></span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 386.041px; width: 521.426px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.95898px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 63.0352px; display: inline-block;">ransferred be</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 80.9062px; display: inline-block;">tween categories</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.3534px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 24.6738px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.1016px; display: inline-block;">112,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.2266px; display: inline-block;">794 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.9414px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 19.1016px; display: inline-block;">112,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.2266px; display: inline-block;">794 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.6641px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="width: 17.9648px; display: inline-block;">337</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 8.73047px; display: inline-block;">.7</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 8.29102px; display: inline-block;">8 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 401.26px; width: 521.777px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 95.4258px; display: inline-block;">Granted during the y</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 15.7383px; display: inline-block;">ear</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 103.143px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 64,81</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 8.2207px; display: inline-block;">4 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 27.6211px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 111,892 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 24.2754px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.28275px; letter-spacing: -0.28275px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 4.11914px; display: inline-block;"> </span>1</span><span style="word-spacing: 0.28275px; letter-spacing: -0.28275px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 14.5195px; display: inline-block;">76,</span><span style="word-spacing: 0.28275px; letter-spacing: -0.28275px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 11.8477px; display: inline-block;">70</span><span style="word-spacing: 0.28275px; letter-spacing: -0.28275px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 8.14453px; display: inline-block;">6 </span><span style="word-spacing: 0.28275px; letter-spacing: -0.28275px; display: inline-block; margin-left: 0px; width: 31.9102px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> 301.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 14.5781px; display: inline-block;">00 </span></span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 416.479px; width: 521.572px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 91.8281px; display: inline-block;">Expired during the y</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 15.7383px; display: inline-block;">ear</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 102.732px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 1.17px; letter-spacing: -1.17px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 4.42969px; display: inline-block;"> </span>-</span><span style="word-spacing: 1.17px; letter-spacing: -1.17px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 4.70508px; display: inline-block;">2</span><span style="word-spacing: 1.17px; letter-spacing: -1.17px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 6.38672px; display: inline-block;">7,</span><span style="word-spacing: 1.17px; letter-spacing: -1.17px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 4.66406px; display: inline-block;">7</span><span style="word-spacing: 1.17px; letter-spacing: -1.17px; display: inline-block; margin-left: 0px; width: 1.38867px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="width: 4.66406px; display: inline-block;">7</span><span style="word-spacing: 1.17px; letter-spacing: -1.17px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 4.9043px; display: inline-block;">8</span><span style="word-spacing: 1.17px; letter-spacing: -1.17px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span><span style="word-spacing: 1.17px; letter-spacing: -1.17px; display: inline-block; margin-left: 0px; width: 29.3027px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> -41,12</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 8.2207px; display: inline-block;">4 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 25.2304px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -60,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.127px; display: inline-block;">922 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 23.8828px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 3.70898px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 17.9824px; display: inline-block;">129</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 23.7363px; display: inline-block;">,824 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 32.6719px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 21.3164px; display: inline-block;">390.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 14.5781px; display: inline-block;">00 </span></span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 431.697px; width: 521.941px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 98.8008px; display: inline-block;">Forfeited during the y</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 15.7383px; display: inline-block;">ear</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 122.789px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 27.2109px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -28</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 2.90039px; display: inline-block;">,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.83594px; display: inline-block;">7</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 14.373px; display: inline-block;">46 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.2832px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 15.0879px; display: inline-block;">-19</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 23.1211px; display: inline-block;">,832 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 24.6738px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.32175px; letter-spacing: -0.32175px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 4.11914px; display: inline-block;"> </span>-</span><span style="word-spacing: 0.32175px; letter-spacing: -0.32175px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 6px; display: inline-block;">4</span><span style="word-spacing: 0.32175px; letter-spacing: -0.32175px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 26.1211px; display: inline-block;">8,578</span><span style="word-spacing: 0.32175px; letter-spacing: -0.32175px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span><span style="word-spacing: 0.32175px; letter-spacing: -0.32175px; display: inline-block; margin-left: 0px; width: 35.0391px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span></span><span style="word-spacing: 0.96525px; letter-spacing: -0.96525px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.10352px; display: inline-block;">3</span><span style="word-spacing: 0.96525px; letter-spacing: -0.96525px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 4.86914px; display: inline-block;">7</span><span style="word-spacing: 0.96525px; letter-spacing: -0.96525px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.10352px; display: inline-block;">3</span><span style="word-spacing: 0.96525px; letter-spacing: -0.96525px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 6.79688px; display: inline-block;">.7</span><span style="word-spacing: 0.96525px; letter-spacing: -0.96525px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.2207px; display: inline-block;">0</span><span style="word-spacing: 0.96525px; letter-spacing: -0.96525px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 452.477px; width: 521.906px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 136.846px; display: inline-block;">Outstanding at 31 December</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.8185px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 41.0977px; display: inline-block;">412,341 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 23.8828px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 555,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.9355px; display: inline-block;">590 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 23.4727px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 187</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.62px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 24.0879px; display: inline-block;">,466 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 18.6797px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 41.9062px; display: inline-block;">1,155,39</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 8.08594px; display: inline-block;">7 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.9102px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 331.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 14.4551px; display: inline-block;">76 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 474.463px; width: 210.516px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24375px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 40.7871px; display: inline-block;">Of this ex</span><span style="word-spacing: 0px; letter-spacing: -0.24375px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 137.051px; display: inline-block;">ercisable at the end of the year</span><span style="word-spacing: 0px; letter-spacing: -0.24375px; display: inline-block; margin-left: 0px; width: 33.5449px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="position: absolute; display: inline-block; left: 210.516px; top: 474.463px; width: 311.051px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 19.1016px; display: inline-block;">112,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.5078px; display: inline-block;">863 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.3027px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 17.2676px; display: inline-block;">159</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 22.0781px; display: inline-block;">,125 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 23.4727px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 136,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.6133px; display: inline-block;">689 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 24.2754px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> 408,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.4785px; display: inline-block;">677 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 33.5449px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 21.041px; display: inline-block;">356.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 14.543px; display: inline-block;">96 </span></span></span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The share options gr<span class="_ _2"/>anted in 2023 had a fair value of DKK 11.<span class="_ _2"/>0m (2022: DKK 7<span class="_ _24e"/>.3m), equal to an av<span class="_ _3"/>erage f<span class="_ _3"/>air value </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">per option of DKK 55<span class="_ _2"/>.59 (2022: DKK 41.38).</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">No share options ha<span class="_ _2"/>ve been exer<span class="_ _2"/>cised during 2023 (2022: nil).</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">V<span class="_ _3"/>esting of share options is e<span class="_ _2"/>xpensed in the income statement for 2023 with DKK 8m (2022: DKK 7m). The calculated </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">fair values ar<span class="_ _2"/>e based on the Black<span class="_ _3"/>-Scholes formula for measuring shar<span class="_ _3"/>e options. The outstanding options on 31 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">December 2023 hav<span class="_ _3"/>e an aver<span class="_ _2"/>age weighted remaining contr<span class="_ _2"/>actual time of 1.9 y<span class="_ _3"/>ears (2022: 2.1 years).</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Assumptions concerning the calculation of fair v<span class="_ _2"/>alue at time of grant:</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:169.345703125px;"><span style="position: absolute; display: inline-block; left: 348.812px; top: 0.0078125px; width: 47.0684px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 47.0684px; display: inline-block;">Expected </span></span><span style="position: absolute; display: inline-block; left: 360.688px; top: 12.0078px; width: 35.5781px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 35.5781px; display: inline-block;">annual </span></span><span style="position: absolute; display: inline-block; left: 348.812px; top: 24.0078px; width: 48.0586px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 48.0586px; display: inline-block;">dividends </span></span><span style="position: absolute; display: inline-block; left: 472.359px; top: 24.0234px; width: 48.8203px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 49.248px; display: inline-block;">Fair value </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.49588px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 172.562px; top: 36.0078px; width: 35.8242px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 30.3926px; display: inline-block;">Marke</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.89453px; display: inline-block;">t </span></span><span style="position: absolute; display: inline-block; left: 289.203px; top: 36.0078px; width: 43.6758px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 20.2617px; display: inline-block;">Risk</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 24.709px; display: inline-block;">-free </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.49588px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 348.812px; top: 36.0078px; width: 46.9395px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 46.9395px; display: inline-block;">per share </span></span><span style="position: absolute; display: inline-block; left: 470.828px; top: 36.0234px; width: 50.1738px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 50.2031px; display: inline-block;">per option </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 102.516px; top: 48.0078px; width: 41.9355px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 21.082px; display: inline-block;">Exer</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 21.3457px; display: inline-block;">cise </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 170.734px; top: 48.0078px; width: 38.625px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 38.625px; display: inline-block;">price at </span></span><span style="position: absolute; display: inline-block; left: 223.859px; top: 48.0078px; width: 47.0391px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 47.0684px; display: inline-block;">Expected </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 294.641px; top: 48.0078px; width: 38.2324px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 38.6602px; display: inline-block;">interest </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.49588px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 353.969px; top: 48.0078px; width: 41.9297px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 41.9297px; display: inline-block;">(DKK) at </span></span><span style="position: absolute; display: inline-block; left: 411.516px; top: 48.0078px; width: 47.0391px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 47.0684px; display: inline-block;">Expected </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 474.672px; top: 48.0234px; width: 47.1152px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 47.1152px; display: inline-block;">at time of </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 60.0078px; width: 61.0078px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.45703px; display: inline-block;">Y</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 55.793px; display: inline-block;">ear of grant</span></span><span style="position: absolute; display: inline-block; left: 119.125px; top: 60.0078px; width: 24.1934px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 24.1934px; display: inline-block;">price</span></span><span style="position: absolute; display: inline-block; left: 156.078px; top: 60.0078px; width: 49.9688px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 40.8047px; display: inline-block;">grant da</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 9.62695px; display: inline-block;">te</span></span><span style="position: absolute; display: inline-block; left: 226.766px; top: 60.0078px; width: 41.6484px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 21.0645px; display: inline-block;">vola</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 21.4512px; display: inline-block;">tility</span></span><span style="position: absolute; display: inline-block; left: 312.75px; top: 60.0078px; width: 19.0078px; white-space: pre; word-spacing: 0.234px; letter-spacing: -0.234px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 19.0078px; display: inline-block;">rate</span></span><span style="position: absolute; display: inline-block; left: 344.531px; top: 60.0234px; width: 49.9688px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 40.8047px; display: inline-block;">grant da</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 9.62695px; display: inline-block;">te</span></span><span style="position: absolute; display: inline-block; left: 433.984px; top: 60.0234px; width: 22.4004px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 22.4004px; display: inline-block;">term</span></span><span style="position: absolute; display: inline-block; left: 478.203px; top: 60.0234px; width: 40.6523px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 40.6523px; display: inline-block;">granting</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 82.0098px; width: 519.598px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 23.9883px; display: inline-block;">2023</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 101.215px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 17.9121px; display: inline-block;">292</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 30.6621px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 18.1992px; display: inline-block;">269</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 15.0879px; display: inline-block;">.40</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 27.6211px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 15.0352px; display: inline-block;">38.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.6836px; display: inline-block;">66%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.6641px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.76562px; display: inline-block;">2.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.3789px; display: inline-block;">79%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.5741px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.585px; letter-spacing: -0.585px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 13.4941px; display: inline-block;">9.0</span><span style="word-spacing: 0.585px; letter-spacing: -0.585px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.60156px; display: inline-block;">0</span><span style="word-spacing: 0.585px; letter-spacing: -0.585px; display: inline-block; margin-left: 0px; width: 29.3027px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 34.1074px; display: inline-block;">3 years</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.4922px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 14.7539px; display: inline-block;">55.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 12.1055px; display: inline-block;">59</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 97.2285px; width: 521.807px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 23.7949px; display: inline-block;">2022</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 101.215px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 18.082px; display: inline-block;">344</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.2832px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 18.082px; display: inline-block;">307</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.62px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 17.1621px; display: inline-block;">.20 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 25.2304px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 35.6777px; display: inline-block;">34.60%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 30.6621px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 9.92578px; display: inline-block;">-0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 22.6113px; display: inline-block;">.19%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.0664px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 13.9336px; display: inline-block;">12.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 12.3633px; display: inline-block;">00</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 26.4961px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 3 years </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.6641px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 14.0742px; display: inline-block;">41.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 14.3555px; display: inline-block;">38 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 112.447px; width: 522.07px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 23.0918px; display: inline-block;">2021</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 102.732px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 17.4141px; display: inline-block;">301</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.2832px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 19.7637px; display: inline-block;">271.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 14.5781px; display: inline-block;">00 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 26.4961px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 34.5879px; display: inline-block;">34.81%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 30.6621px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 9.92578px; display: inline-block;">-0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 23.1328px; display: inline-block;">.55%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.43875px; letter-spacing: -0.43875px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 13.7988px; display: inline-block;">6.3</span><span style="word-spacing: 0.43875px; letter-spacing: -0.43875px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.63086px; display: inline-block;">3</span><span style="word-spacing: 0.43875px; letter-spacing: -0.43875px; display: inline-block; margin-left: 0px; width: 27.2109px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> 3 years </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 33.5449px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 29.291px; display: inline-block;">42.66 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 127.666px; width: 235.582px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 24.1055px; display: inline-block;">2020</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 101.994px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.16575px; letter-spacing: -0.16575px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.90039px; display: inline-block;">3</span><span style="word-spacing: 0.16575px; letter-spacing: -0.16575px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 10.8457px; display: inline-block;">14</span><span style="word-spacing: 0.16575px; letter-spacing: -0.16575px; display: inline-block; margin-left: 0px; width: 29.9414px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 35.1914px; display: inline-block;">262.40 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 27.2109px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="position: absolute; display: inline-block; left: 235.582px; top: 127.666px; width: 286.002px; white-space: pre; word-spacing: 0.078px; letter-spacing: -0.078px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 11.5488px; display: inline-block;">27</span><span style="word-spacing: 0.078px; letter-spacing: -0.078px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 22.6641px; display: inline-block;">.27%</span><span style="word-spacing: 0.078px; letter-spacing: -0.078px; display: inline-block; margin-left: 0px; width: 31.9102px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 9.92578px; display: inline-block;">-0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 2.90039px; display: inline-block;">.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.0801px; display: inline-block;">72%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.585px; letter-spacing: -0.585px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 13.4941px; display: inline-block;">9.0</span><span style="word-spacing: 0.585px; letter-spacing: -0.585px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.60156px; display: inline-block;">0</span><span style="word-spacing: 0.585px; letter-spacing: -0.585px; display: inline-block; margin-left: 0px; width: 27.2109px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> 3 years </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.0391px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 14.2383px; display: inline-block;">19.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 14.1973px; display: inline-block;">67 </span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 142.885px; width: 522.047px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 23.3906px; display: inline-block;">2019</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 53.7949px; display: inline-block;">, November</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.0332px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 17.209px; display: inline-block;">291</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 30.6621px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 17.7656px; display: inline-block;">273</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 17.2969px; display: inline-block;">.40 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 25.8516px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.0234px; display: inline-block;">26</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 23.502px; display: inline-block;">.86%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.2832px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 9.92578px; display: inline-block;">-0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 2.90039px; display: inline-block;">.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.0801px; display: inline-block;">72%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.5469px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 13.2363px; display: inline-block;">11.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 12.3633px; display: inline-block;">00</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 11.7304px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 27 months </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.0547px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 28.8516px; display: inline-block;">25.28 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 158.104px; width: 521.625px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 23.3906px; display: inline-block;">2019</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 47.0859px; display: inline-block;">, February</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.7051px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 18.0586px; display: inline-block;">335</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.9414px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 21.2988px; display: inline-block;">306.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 14.5488px; display: inline-block;">60 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 27.2109px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 11.7012px; display: inline-block;">27</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.62px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 23.6191px; display: inline-block;">.99%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 30.6621px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.8262px; display: inline-block;">-0.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.4766px; display: inline-block;">51%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.585px; letter-spacing: -0.585px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 7.89844px; display: inline-block;">9.</span><span style="word-spacing: 0.585px; letter-spacing: -0.585px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.60156px; display: inline-block;">0</span><span style="word-spacing: 0.585px; letter-spacing: -0.585px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.60156px; display: inline-block;">0</span><span style="word-spacing: 0.585px; letter-spacing: -0.585px; display: inline-block; margin-left: 0px; width: 27.2109px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> 3 years </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.0547px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 28.5234px; display: inline-block;">34.19 </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The expected v<span class="_ _2"/>olatility for 2019 to 2023 is based on the historical vola<span class="_ _3"/>tility for the past three y<span class="_ _3"/>ears. The risk<span class="_ _2"/>-free <span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">interest r<span class="_ _2"/>ate is based on three-y<span class="_ _3"/>ear Danish government bonds.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Restricted Stock Units (RSUs)</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">RSUs hav<span class="_ _3"/>e been granted to the Ex<span class="_ _2"/>ecutive Board and ke<span class="_ _2"/>y employees. Each RSU giv<span class="_ _3"/>es the holder a right to receiv<span class="_ _3"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">one existing shar<span class="_ _2"/>e in the Parent company of nominal DKK 20 when the thr<span class="_ _3"/>ee-year vesting period has elapsed. The </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">RSUs equal a right to receiv<span class="_ _2"/>e 0.1<span class="_ _24e"/>7% (2022: 0<span class="_ _3"/>.<span class="_ _3"/>07%) of the share capit<span class="_ _3"/>al if all remaining RSUs ar<span class="_ _3"/>e transferr<span class="_ _2"/>ed. Vesting </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of RSUs is expensed in the income sta<span class="_ _2"/>tement for 2023 with DKK 9m (2022: DKK 4m).<span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The number of RSUs granted in 2021 and la<span class="_ _2"/>ter is based on the avera<span class="_ _3"/>ge share price of the Par<span class="_ _2"/>ent company’s shar<span class="_ _3"/>es </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">five da<span class="_ _3"/>ys after the r<span class="_ _3"/>elease of the Q4 report.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:617.361328125px;"><span style="position: absolute; display: inline-block; left: 494.328px; top: 0.0078125px; width: 24.8379px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 24.8379px; display: inline-block;">2023</span></span><span style="position: absolute; display: inline-block; left: 409.25px; top: 22.0391px; width: 46.2012px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 46.2012px; display: inline-block;">Resigned </span></span><span style="position: absolute; display: inline-block; left: 407.547px; top: 34.0391px; width: 47.918px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 40.9336px; display: inline-block;">Executiv</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 7.85156px; display: inline-block;">e </span></span><span style="position: absolute; display: inline-block; left: 424.766px; top: 46.0391px; width: 31.1133px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 31.1133px; display: inline-block;">Board </span></span><span style="position: absolute; display: inline-block; left: 360.812px; top: 58.0391px; width: 29.0391px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 29.0391px; display: inline-block;">Other </span></span><span style="position: absolute; display: inline-block; left: 409.25px; top: 58.0391px; width: 46.6055px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 46.6055px; display: inline-block;">members </span></span><span style="position: absolute; display: inline-block; left: 208.922px; top: 70.0234px; width: 47.8887px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 40.9336px; display: inline-block;">Executiv</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 7.85156px; display: inline-block;">e </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 304.578px; top: 70.0234px; width: 19.248px; white-space: pre; word-spacing: 0.4095px; letter-spacing: -0.4095px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 16.8223px; display: inline-block;">Key</span><span style="word-spacing: 0.4095px; letter-spacing: -0.4095px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span><span style="word-spacing: 0.4095px; letter-spacing: -0.4095px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="position: absolute; display: inline-block; left: 332.016px; top: 70.0391px; width: 55.5996px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 55.5996px; display: inline-block;">managerial</span></span><span style="position: absolute; display: inline-block; left: 435.344px; top: 70.0547px; width: 20.5488px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 20.5488px; display: inline-block;">and </span></span><span style="position: absolute; display: inline-block; left: 227.688px; top: 82.0234px; width: 31.1133px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 31.1133px; display: inline-block;">Board </span></span><span style="position: absolute; display: inline-block; left: 269.984px; top: 82.0234px; width: 53.2969px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 35.4316px; display: inline-block;">employ</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.7324px; display: inline-block;">ees </span></span><span style="position: absolute; display: inline-block; left: 364.938px; top: 82.0391px; width: 22.4648px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 22.4648px; display: inline-block;">staff</span></span><span style="position: absolute; display: inline-block; left: 402.156px; top: 82.0547px; width: 53.2969px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 35.4316px; display: inline-block;">employ</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.7324px; display: inline-block;">ees </span></span><span style="position: absolute; display: inline-block; left: 217.375px; top: 94.0391px; width: 38.0859px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 38.0859px; display: inline-block;">Number</span></span><span style="position: absolute; display: inline-block; left: 283.484px; top: 94.0391px; width: 38.0859px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 38.0859px; display: inline-block;">Number</span></span><span style="position: absolute; display: inline-block; left: 349.547px; top: 94.0391px; width: 38.0859px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 38.0859px; display: inline-block;">Number</span></span><span style="position: absolute; display: inline-block; left: 415.609px; top: 94.0547px; width: 103.688px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 38.0859px; display: inline-block;">Number</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.2891px; display: inline-block;">otal</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 116.041px; width: 486.258px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 118.57px; display: inline-block;">Outstanding at 1 January</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 107.988px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 5.16797px; display: inline-block;">1</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.83594px; display: inline-block;">7</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 21.2578px; display: inline-block;">,409</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 33.0469px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 14.7715px; display: inline-block;">24,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.1758px; display: inline-block;">626</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.8594px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.4062px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.06836px; display: inline-block;">1,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.0527px; display: inline-block;">924</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.9102px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="position: absolute; display: inline-block; left: 486.258px; top: 116.041px; width: 34.002px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 12.6211px; display: inline-block;">43</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 21.8438px; display: inline-block;">,959</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 131.26px; width: 520.043px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.95898px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 63.0352px; display: inline-block;">ransferred be</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 80.9062px; display: inline-block;">tween categories</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 101.994px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.4922px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 11.8125px; display: inline-block;">-1,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.2285px; display: inline-block;">364</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.8594px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.873px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 26.291px; display: inline-block;">1,364</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.4142px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.38672px; display: inline-block;">0</span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 146.479px; width: 520.025px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 95.4258px; display: inline-block;">Granted during the y</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 15.7383px; display: inline-block;">ear</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 114.123px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 14.0742px; display: inline-block;">14,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.5156px; display: inline-block;">600</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 33.5449px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 14.918px; display: inline-block;">26,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.2285px; display: inline-block;">920</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.0547px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.0527px; display: inline-block;">20</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.9824px; display: inline-block;">,623</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.0156px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 32.6719px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 33.5625px; display: inline-block;">62,143</span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 161.697px; width: 520.219px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 98.8008px; display: inline-block;">Forfeited during the y</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 15.7383px; display: inline-block;">ear</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 112.564px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 3.74414px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 26.8418px; display: inline-block;">2,885</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.3534px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 22.0078px; display: inline-block;">-560</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.6482px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 3.65039px; display: inline-block;">-</span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 17.0391px; display: inline-block;">416</span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; width: 45.0529px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 21.0703px; display: inline-block;">-641</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.6641px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 31.5762px; display: inline-block;">-4,502</span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 182.461px; width: 519.809px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 136.846px; display: inline-block;">Outstanding at 31 December</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 86.7304px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.4512px; display: inline-block;">29</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.8945px; display: inline-block;">,124</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 32.291px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 15.6738px; display: inline-block;">49,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.5156px; display: inline-block;">622</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 32.6719px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 27.8965px; display: inline-block;">20,20</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 6.0293px; display: inline-block;">7</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.1699px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 21.7383px; display: inline-block;">2,64</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 6.0293px; display: inline-block;">7</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 27.2109px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 20.4199px; display: inline-block;">101,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.1426px; display: inline-block;">600</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 204.447px; width: 519.803px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 43.2246px; display: inline-block;">Of this ex</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 144.85px; display: inline-block;">ercisable at the end of the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.1406px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.4142px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.8594px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.4142px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.8594px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span></span><span style="position: absolute; display: inline-block; left: 495.359px; top: 239.541px; width: 23.7949px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 23.7949px; display: inline-block;">2022</span></span><span style="position: absolute; display: inline-block; left: 409.25px; top: 261.586px; width: 46.2012px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 46.2012px; display: inline-block;">Resigned </span></span><span style="position: absolute; display: inline-block; left: 407.547px; top: 273.586px; width: 47.918px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 40.9336px; display: inline-block;">Executiv</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 7.85156px; display: inline-block;">e </span></span><span style="position: absolute; display: inline-block; left: 424.766px; top: 285.586px; width: 31.1133px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 31.1133px; display: inline-block;">Board </span></span><span style="position: absolute; display: inline-block; left: 409.25px; top: 297.586px; width: 46.6055px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 46.6055px; display: inline-block;">members </span></span><span style="position: absolute; display: inline-block; left: 275.016px; top: 309.586px; width: 47.8887px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 40.9336px; display: inline-block;">Executiv</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 7.85156px; display: inline-block;">e </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 369.891px; top: 309.586px; width: 19.248px; white-space: pre; word-spacing: 0.4095px; letter-spacing: -0.4095px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 16.8223px; display: inline-block;">Key</span><span style="word-spacing: 0.4095px; letter-spacing: -0.4095px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span><span style="word-spacing: 0.4095px; letter-spacing: -0.4095px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="position: absolute; display: inline-block; left: 435.344px; top: 309.586px; width: 20.5488px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 20.5488px; display: inline-block;">and </span></span><span style="position: absolute; display: inline-block; left: 292.547px; top: 321.586px; width: 31.1133px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 31.1133px; display: inline-block;">Board </span></span><span style="position: absolute; display: inline-block; left: 335.484px; top: 321.586px; width: 53.2969px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 35.4316px; display: inline-block;">employ</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.7324px; display: inline-block;">ees </span></span><span style="position: absolute; display: inline-block; left: 402.156px; top: 321.586px; width: 53.2969px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 35.4316px; display: inline-block;">employ</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.7324px; display: inline-block;">ees </span></span><span style="position: absolute; display: inline-block; left: 283.484px; top: 333.586px; width: 38.0859px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 38.0859px; display: inline-block;">Number</span></span><span style="position: absolute; display: inline-block; left: 349.547px; top: 333.586px; width: 38.0859px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 38.0859px; display: inline-block;">Number</span></span><span style="position: absolute; display: inline-block; left: 415.609px; top: 333.586px; width: 103.688px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 38.0859px; display: inline-block;">Number</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.2891px; display: inline-block;">otal</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 355.572px; width: 522.041px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 118.57px; display: inline-block;">Outstanding at 1 January</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 177.188px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.9707px; display: inline-block;">8,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.3027px; display: inline-block;">844 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.9414px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 15,260 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.5877px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1836px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> 24,104 </span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 370.807px; width: 522.035px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.95898px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 63.0352px; display: inline-block;">ransferred be</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 80.9062px; display: inline-block;">tween categories</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 163.406px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 30.6621px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -4,289 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.4922px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 29.2324px; display: inline-block;">4,289 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> 0 </span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 386.025px; width: 522.199px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 95.4258px; display: inline-block;">Granted during the y</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 15.7383px; display: inline-block;">ear</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 185.853px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.07617px; display: inline-block;">8</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 23.1211px; display: inline-block;">,565 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 30.6621px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 14,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.0508px; display: inline-block;">785 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.5877px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.9414px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 36.2051px; display: inline-block;">23,350 </span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 401.244px; width: 522.439px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 98.8008px; display: inline-block;">Forfeited during the y</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 15.7383px; display: inline-block;">ear</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 197.69px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.6641px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 31.4355px; display: inline-block;">-1,130 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.2832px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 29.127px; display: inline-block;">2,365 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.9414px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> -3,495 </span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 422.008px; width: 519.967px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 136.846px; display: inline-block;">Outstanding at 31 December</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 151.629px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 1</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 6.0293px; display: inline-block;">7</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 22.0547px; display: inline-block;">,409</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.9102px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 34.1777px; display: inline-block;">24,626</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.748px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 20.9531px; display: inline-block;">1,92</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 6.32227px; display: inline-block;">4</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.9102px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 15.5918px; display: inline-block;">43,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.8672px; display: inline-block;">959</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 443.994px; width: 522.035px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 43.2246px; display: inline-block;">Of this ex</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 144.85px; display: inline-block;">ercisable at the end of the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 124.283px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0801px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0801px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0801px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span></span><span style="position: absolute; display: inline-block; left: 342.656px; top: 481.664px; width: 47.0684px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 47.0684px; display: inline-block;">Expected </span></span><span style="position: absolute; display: inline-block; left: 354.094px; top: 493.664px; width: 35.5781px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 35.5781px; display: inline-block;">annual </span></span><span style="position: absolute; display: inline-block; left: 341.422px; top: 505.664px; width: 48.0586px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 48.0586px; display: inline-block;">dividends </span></span><span style="position: absolute; display: inline-block; left: 371.859px; top: 517.68px; width: 17.8477px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 17.8477px; display: inline-block;">per </span></span><span style="position: absolute; display: inline-block; left: 471.953px; top: 517.68px; width: 48.8203px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 49.248px; display: inline-block;">Fair value </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.49588px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 156.391px; top: 529.664px; width: 35.8242px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 30.3926px; display: inline-block;">Marke</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.89453px; display: inline-block;">t </span></span><span style="position: absolute; display: inline-block; left: 330.531px; top: 529.68px; width: 58.6465px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 58.6465px; display: inline-block;">share (DKK) </span></span><span style="position: absolute; display: inline-block; left: 475.156px; top: 529.68px; width: 46.5117px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 46.9395px; display: inline-block;">per share </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.49588px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 541.664px; width: 34.9043px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.45703px; display: inline-block;">Y</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 29.6895px; display: inline-block;">ear of </span></span><span style="position: absolute; display: inline-block; left: 84.9375px; top: 541.664px; width: 41.9355px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 21.082px; display: inline-block;">Exer</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 21.3457px; display: inline-block;">cise </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 153.656px; top: 541.664px; width: 38.625px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 38.625px; display: inline-block;">price at </span></span><span style="position: absolute; display: inline-block; left: 210.516px; top: 541.664px; width: 47.0391px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 47.0684px; display: inline-block;">Expected </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 280px; top: 541.664px; width: 44.1035px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 20.2617px; display: inline-block;">Risk</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 24.709px; display: inline-block;">-free </span></span><span style="position: absolute; display: inline-block; left: 349.547px; top: 541.68px; width: 40.0781px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 34.6465px; display: inline-block;">at gran</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.89453px; display: inline-block;">t </span></span><span style="position: absolute; display: inline-block; left: 407.547px; top: 541.68px; width: 47.0391px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 47.0684px; display: inline-block;">Expected </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 475.156px; top: 541.68px; width: 46.6875px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 47.1152px; display: inline-block;">at time of </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.49588px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 553.664px; width: 26.1035px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 26.1035px; display: inline-block;">grant</span></span><span style="position: absolute; display: inline-block; left: 100.656px; top: 553.664px; width: 24.1934px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 24.1934px; display: inline-block;">price</span></span><span style="position: absolute; display: inline-block; left: 141.094px; top: 553.664px; width: 49.9688px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 40.8047px; display: inline-block;">grant da</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 9.62695px; display: inline-block;">te</span></span><span style="position: absolute; display: inline-block; left: 213.844px; top: 553.664px; width: 41.6484px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 21.0645px; display: inline-block;">vola</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 21.4512px; display: inline-block;">tility</span></span><span style="position: absolute; display: inline-block; left: 263.094px; top: 553.664px; width: 57.7383px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 48.9785px; display: inline-block;">interest ra</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 9.62695px; display: inline-block;">te</span></span><span style="position: absolute; display: inline-block; left: 364.938px; top: 553.68px; width: 22.2715px; white-space: pre; word-spacing: -2.05725px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 22.2715px; display: inline-block;">date </span></span><span style="position: absolute; display: inline-block; left: 430.172px; top: 553.68px; width: 22.4004px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 22.4004px; display: inline-block;">term</span></span><span style="position: absolute; display: inline-block; left: 478.906px; top: 553.695px; width: 40.6523px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 40.6523px; display: inline-block;">granting</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 575.682px; width: 519.902px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 23.9883px; display: inline-block;">2023</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.4022px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 32.6719px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 21.0938px; display: inline-block;">269.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 12.1934px; display: inline-block;">40</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.2832px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.1406px; display: inline-block;">38</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 23.5781px; display: inline-block;">.66%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.5469px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.76562px; display: inline-block;">2.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.3789px; display: inline-block;">79%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.0529px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.585px; letter-spacing: -0.585px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 7.89844px; display: inline-block;">9.</span><span style="word-spacing: 0.585px; letter-spacing: -0.585px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.60156px; display: inline-block;">0</span><span style="word-spacing: 0.585px; letter-spacing: -0.585px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.60156px; display: inline-block;">0</span><span style="word-spacing: 0.585px; letter-spacing: -0.585px; display: inline-block; margin-left: 0px; width: 32.291px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 34.1074px; display: inline-block;">3 years</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.0547px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 17.9531px; display: inline-block;">265</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 14.7715px; display: inline-block;">.42</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 590.9px; width: 519.838px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 23.7949px; display: inline-block;">2022</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.4022px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.9102px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.2461px; display: inline-block;">30</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.83594px; display: inline-block;">7</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 14.9473px; display: inline-block;">.20</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 30.6621px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 14.9707px; display: inline-block;">34.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.7129px; display: inline-block;">60%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 33.5449px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 9.92578px; display: inline-block;">-0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 22.6113px; display: inline-block;">.19%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.873px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 13.9336px; display: inline-block;">12.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 12.3633px; display: inline-block;">00</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.3027px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 3 years </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 32.6719px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 31.2891px; display: inline-block;">313.15</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 606.119px; width: 519.006px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 23.0918px; display: inline-block;">2021</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 96.1815px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.9102px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 19.7637px; display: inline-block;">271.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 12.3633px; display: inline-block;">00</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.2832px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 34.5879px; display: inline-block;">34.81%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 33.5449px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 9.92578px; display: inline-block;">-0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 23.1328px; display: inline-block;">.55%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.0529px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.43875px; letter-spacing: -0.43875px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 13.7988px; display: inline-block;">6.3</span><span style="word-spacing: 0.43875px; letter-spacing: -0.43875px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.63086px; display: inline-block;">3</span><span style="word-spacing: 0.43875px; letter-spacing: -0.43875px; display: inline-block; margin-left: 0px; width: 29.9414px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> 3 years </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.9102px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.43875px; letter-spacing: -0.43875px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.43164px; display: inline-block;">2</span><span style="word-spacing: 0.43875px; letter-spacing: -0.43875px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 11.0215px; display: inline-block;">73</span><span style="word-spacing: 0.43875px; letter-spacing: -0.43875px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 8.17383px; display: inline-block;">.6</span><span style="word-spacing: 0.43875px; letter-spacing: -0.43875px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.49023px; display: inline-block;">5</span></span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Employ<span class="_ _2"/>ee recognition</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In recognition of the contribution ma<span class="_ _3"/>de by DFDS’ employ<span class="_ _3"/>ees in a year with e<span class="_ _3"/>xceptional challenges, the Boar<span class="_ _2"/>d of<span class="_ _4"/> <span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Directors has 22 December 2020 a<span class="_ _2"/>warded up to 50 shar<span class="_ _3"/>es free of char<span class="_ _3"/>ge to each employ<span class="_ _2"/>ee. The shares hav<span class="_ _3"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">vested o<span class="_ _3"/>ver a three-<span class="_ _3"/>year period from January 2021 to December 2023 on a str<span class="_ _2"/>aight-line basis. Only emplo<span class="_ _2"/>yees </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">working thr<span class="_ _3"/>ough the full vesting period ar<span class="_ _3"/>e entitled to the shares. Emplo<span class="_ _3"/>yees working mor<span class="_ _2"/>e than 24 hours per week </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">will get 50 shares, if the<span class="_ _2"/>y work more than 12 hours and up to 24 hours per w<span class="_ _3"/>eek, they get 30 shar<span class="_ _2"/>es and if they work </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">up to 12 hours per week, the<span class="_ _3"/>y get 10 shares. If an emplo<span class="_ _2"/>yee retir<span class="_ _3"/>es or leaves his job beca<span class="_ _3"/>use of disability during the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">period until December 2023 the employ<span class="_ _3"/>ee is entitled to the full number of shares when the emplo<span class="_ _3"/>yee leav<span class="_ _2"/>es. The<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">shares ar<span class="_ _2"/>e in most countries awarded as a phant<span class="_ _3"/>om share pr<span class="_ _3"/>ogramme wher<span class="_ _3"/>eby the entitled emplo<span class="_ _3"/>yees will receiv<span class="_ _2"/>e<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">a cash payment in December 2023 equal to the v<span class="_ _3"/>alue of 50 DFDS shares. A part of the tr<span class="_ _3"/>easury shares is r<span class="_ _3"/>eserved </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">for settling the outst<span class="_ _3"/>anding shares in the employ<span class="_ _2"/>ee recognition progr<span class="_ _3"/>amme.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In total 8<span class="_ _2"/>,289 employees are a<span class="_ _3"/>t awar<span class="_ _2"/>d date entitled to the shares. Based on historical a<span class="_ _3"/>ttrition r<span class="_ _3"/>ates for each </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">country the total expec<span class="_ _3"/>ted number of shares to be tr<span class="_ _2"/>ansferred to the employ<span class="_ _3"/>ees is 282,<span class="_ _24e"/>723 of which 168,1<span class="_ _24e"/>76 ar<span class="_ _2"/>e<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">phantom shares (<span class="_ _2"/>cash) and 114,<span class="_ _3"/>54<span class="_ _2"/>7 are shares.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">37<span class="_ _26"/>,067 shares ha<span class="_ _2"/>ve been transferr<span class="_ _3"/>ed during 2023 (2022: 1,<span class="_ _24e"/>790 shares). V<span class="_ _2"/>esting of shares for 2023 is an expense of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DKK 13m (2022: DKK 19m).</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Expected </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">annual </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">dividends </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Fair value <span class="_ _2d"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Marke<span class="_ _3"/>t </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Risk<span class="_ _2"/>-free </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">per share </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">per share <span class="_ _2d"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Exer<span class="_ _3"/>cise <span class="_ _2b"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">price at </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Expected <span class="_ _2b"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">interest </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(DKK) at </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Expected <span class="_ _2b"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">at time of <span class="_ _2d"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Y<span class="_ _24e"/>ear of grant</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">price</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">grant da<span class="_ _3"/>te</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">vola<span class="_ _2"/>tility</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">rate</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">grant <span class="_ _fe"> </span>date </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">term</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">granting</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2020 Special Rewar<span class="_ _2"/>d<span class="_ _188"> </span>0 <span class="_ _5e"> </span>267<span class="_ _2"/>.<span class="_ _3"/>00<span class="_ _75"> </span>34.87%<span class="_ _5f"> </span>-0<span class="_ _3"/>.<span class="_ _3"/>55%<span class="_ _c0"> </span><span class="ls18 ws1b">6.3<span class="_ _4"/>3<span class="_ _7f"> </span></span> 3 years <span class="_ _5f"> </span><span class="ls27 ws2a">2<span class="_ _4d"/>4<span class="_ _4d"/>7.<span class="_ _4"/>8<span class="_ _4d"/>7</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> Accounting <span class="_ _4c"> </span>policies<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Group has set up equity<span class="_ _2"/>-settled share option plans and RSUs. T<span class="_ _24e"/>reasury shares ar<span class="_ _2"/>e used for the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">share option plans and the RSUs. The v<span class="_ _2"/>alue of ser<span class="_ _4"/>vices receiv<span class="_ _3"/>ed in ex<span class="_ _3"/>change for gran<span class="_ _3"/>ted share based </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">payment is measur<span class="_ _3"/>ed at the fair v<span class="_ _3"/>alue of the share based pa<span class="_ _2"/>yment granted.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The equity-set<span class="_ _3"/>tled share options and RSUs ar<span class="_ _2"/>e measured at the fair v<span class="_ _3"/>alue at gr<span class="_ _3"/>ant date and r<span class="_ _3"/>ecognised </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in the income statement under sta<span class="_ _3"/>ff costs over the v<span class="_ _3"/>esting period. The counter posting is recognised </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">directl<span class="_ _2"/>y in equity as a shareholder transa<span class="_ _3"/>ction. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">At initial r<span class="_ _2"/>ecognition of the share options, an estimate is made o<span class="_ _2"/>ver the number of share based </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">payment tha<span class="_ _3"/>t the employees will v<span class="_ _3"/>est, cf<span class="_ _2"/>. the ser<span class="_ _4"/>vice conditions described above in this no<span class="_ _3"/>te. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Subsequent to initial recognition, the estima<span class="_ _2"/>te of share based payments to be v<span class="_ _3"/>ested is adjusted </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">whereb<span class="_ _3"/>y the total r<span class="_ _3"/>ecognition is based on the actual number of vested shar<span class="_ _2"/>e based payments.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The fair value of the gr<span class="_ _2"/>anted share options is calculated using the Bla<span class="_ _3"/>ck<span class="_ _2"/>-Scholes option-pricing model. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">T<span class="_ _24e"/>erms and conditions for each grant ar<span class="_ _2"/>e taken into account when calculating the f<span class="_ _3"/>air value.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The share based pa<span class="_ _3"/>yment progr<span class="_ _2"/>ammes are recognised at f<span class="_ _3"/>air value o<span class="_ _3"/>ver the vesting period and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">expensed as sta<span class="_ _3"/>ff cost. The accrual is recor<span class="_ _3"/>ded under other pay<span class="_ _3"/>ables or on equity depending on </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">whether settlement is done in cash or shar<span class="_ _2"/>es, respectivel<span class="_ _2"/>y.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">5<span class="_ _2"/>.8 <span class="_ _50"> </span>Rela<span class="_ _3"/>ted party transactions</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Lauritzen Fonden, Copenhagen with a nominal shar<span class="_ _2"/>eholding of 41.6%, thr<span class="_ _3"/>ough Lauritzen Fonden Holding Aps, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ex<span class="_ _2"/>ercises de facto contr<span class="_ _2"/>ol over DFDS A/S. Accor<span class="_ _2"/>dingly<span class="_ _2"/>, the members of the Board of Direc<span class="_ _3"/>tors and the Executiv<span class="_ _3"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Board a<span class="_ _3"/>t Lauritzen Fonden as well as all companies o<span class="_ _2"/>wned by Lauritzen Fonden are r<span class="_ _2"/>elated parties. Furthermore, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">rela<span class="_ _3"/>ted parties comprise DFDS’ Executive Boar<span class="_ _2"/>d and Board of Directors, lea<span class="_ _3"/>ding employees, and close members of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the famil<span class="_ _3"/>y of those, DFDS’ subsidiaries, associates and joint v<span class="_ _2"/>entures, refer<span class="_ _2"/>ence is made to note 5<span class="_ _3"/>.10<span class="_ _2"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In addition to intr<span class="_ _3"/>a-group balances and tr<span class="_ _3"/>ansactions (primaril<span class="_ _3"/>y charter hire, financing and commissions et<span class="_ _3"/>c.), which </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are elimina<span class="_ _3"/>ted on consolidation, usual Ex<span class="_ _3"/>ecutive Boar<span class="_ _3"/>d and Board of Dir<span class="_ _3"/>ectors remuner<span class="_ _2"/>ation (refer<span class="_ _2"/>ence is made to </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">note 2.<span class="_ _3"/>4 and 5<span class="_ _3"/>.1), share options and r<span class="_ _2"/>estricted share units to the Executiv<span class="_ _2"/>e Board and leading employees (r<span class="_ _2"/>eference </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">is made to note 5<span class="_ _2"/>.3) and the below tr<span class="_ _2"/>ansactions, a distribution of dividends of DKK 5.<span class="_ _2"/>00 per share has been carried </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">out during the year<span class="_ _24e"/>. The table below depicts material tr<span class="_ _2"/>ansactions with related parties.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:99.189453125px;"><span style="position: absolute; display: inline-block; left: 285.406px; top: 0.0078125px; width: 35.0332px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 35.0332px; display: inline-block;">Sale of </span></span><span style="position: absolute; display: inline-block; left: 344.031px; top: 0.0078125px; width: 47.3906px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 47.3906px; display: inline-block;">Purchase </span></span><span style="position: absolute; display: inline-block; left: 405.359px; top: 0.0078125px; width: 36.0586px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 36.0586px; display: inline-block;">Receiv-</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 13.4785px; width: 52.6699px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 52.6699px; display: inline-block;">DKK million</span></span><span style="position: absolute; display: inline-block; left: 285.406px; top: 13.5078px; width: 39.6094px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 39.6094px; display: inline-block;">services</span></span><span style="position: absolute; display: inline-block; left: 344.031px; top: 13.5078px; width: 51.1348px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 51.1348px; display: inline-block;">of services</span></span><span style="position: absolute; display: inline-block; left: 405.359px; top: 13.5078px; width: 105.205px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 26.5605px; display: inline-block;">ables</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 32.6719px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 45.9727px; display: inline-block;">Liabilities</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 35.5234px; width: 24.8379px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 24.8379px; display: inline-block;">2023</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 50.7129px; width: 519.34px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 101.566px; display: inline-block;">Associates and joint v</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 35.2793px; display: inline-block;">entures</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 192.287px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.1348px; display: inline-block;">33</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.3534px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 16.207px; display: inline-block;">211</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.2969px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.1406px; display: inline-block;">38</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.07031px; display: inline-block;">3</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 72.7578px; width: 517.143px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 24.6094px; display: inline-block;">2022</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 312.31px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.1875px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.1875px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 87.9473px; width: 519.252px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 101.566px; display: inline-block;">Associates and joint v</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 35.2793px; display: inline-block;">entures</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 190.172px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 36 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.8946px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 167 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.9784px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 23 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.7636px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 12</span></span></span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">5<span class="_ _3"/>.1<span class="_ _4"/> <span class="_ _85"> </span>Remunera<span class="_ _2"/>tion to the Executiv<span class="_ _2"/>e Board and Board of Dir<span class="_ _3"/>ectors</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:263.404296875px;"><span style="position: absolute; display: inline-block; left: 0px; top: 0.0097656px; width: 797.684px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 44.666px; display: inline-block;">DKK ‘000</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 660.143px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 24.8379px; display: inline-block;">2023</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.244px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 23.7949px; display: inline-block;">2022</span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 22.0547px; width: 175.857px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 110.344px; display: inline-block;">Remuneration to the Ex</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 66.3809px; display: inline-block;">ecutive Board</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 40.6504px; width: 800.115px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 9.62695px; display: inline-block;">W</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 83.1621px; display: inline-block;">ages and salaries</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 603.518px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 3.74414px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 14.1328px; display: inline-block;">13,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.1992px; display: inline-block;">700</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.3027px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -13</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 22.4648px; display: inline-block;">,410 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 55.8691px; width: 797.654px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 39.7559px; display: inline-block;">Exit cost</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 660.143px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 3.74414px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 26.6895px; display: inline-block;">2,355</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 64.0429px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 3.74414px; display: inline-block;">-</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 71.0879px; width: 800.109px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 28.9922px; display: inline-block;">Bonus</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 672.93px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 23.0508px; display: inline-block;">-8,11</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.83594px; display: inline-block;">7</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.3027px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 11.3496px; display: inline-block;">10</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 23.4492px; display: inline-block;">,640 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 86.3066px; width: 799.611px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 162.129px; display: inline-block;">Defined contribution pension plans</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 538.916px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 7.64648px; display: inline-block;">-1</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 2.26758px; display: inline-block;">,</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.43164px; display: inline-block;">3</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 10.7461px; display: inline-block;">70</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 35.8946px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> -1,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.4531px; display: inline-block;">341 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 101.525px; width: 799.676px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 74.1621px; display: inline-block;">Share based pa</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 29.2031px; display: inline-block;">yment</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 596.771px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 9.67383px; display: inline-block;">-5</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 2.90039px; display: inline-block;">,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.2871px; display: inline-block;">950</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.6641px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -4,4</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.83594px; display: inline-block;">7</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 8.2207px; display: inline-block;">4 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 116.744px; width: 799.793px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 102.234px; display: inline-block;">Other employee costs</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 605.46px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 21.8555px; display: inline-block;">-459</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.4179px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 23.8242px; display: inline-block;">-455 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 137.508px; width: 799.605px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 67.6992px; display: inline-block;">otal remunera</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 127.447px; display: inline-block;">tion to the Executive Board</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 494.096px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 18.5098px; display: inline-block;">-31,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.0234px; display: inline-block;">951</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 30.6621px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 16.3945px; display: inline-block;">-30</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 23.7949px; display: inline-block;">,320 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 157.369px; width: 797.977px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.95898px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 60.0703px; display: inline-block;">otal remuner</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 77.918px; display: inline-block;">ation to the Boar</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 6.15234px; display: inline-block;">d</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 551.104px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 30.9375px; display: inline-block;">-4,500</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.0664px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 30.9375px; display: inline-block;">-4,500</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 175.135px; width: 797.689px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.95898px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 60.0703px; display: inline-block;">otal remuner</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 119.637px; display: inline-block;">ation to the Audit Commit</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 15.1758px; display: inline-block;">tee</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 508.946px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 22.0371px; display: inline-block;">-500</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.996px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 22.0371px; display: inline-block;">-500</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 192.9px; width: 797.361px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.95898px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 60.0703px; display: inline-block;">otal remuner</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 149.402px; display: inline-block;">ation to the Nomination Commit</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 15.1758px; display: inline-block;">tee</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 480.825px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 3.74414px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 17.2793px; display: inline-block;">150</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7832px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 3.74414px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 17.2793px; display: inline-block;">150</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 210.666px; width: 240.27px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.95898px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 60.0703px; display: inline-block;">otal remuner</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 97.6758px; display: inline-block;">ation to the Remuner</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 78.7324px; display: inline-block;">ation Committee</span></span><span style="position: absolute; display: inline-block; left: 708.859px; top: 212.791px; width: 88.0957px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 3.74414px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 17.2793px; display: inline-block;">150</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 47.7832px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 3.74414px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 17.2793px; display: inline-block;">150</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 231.43px; width: 797.678px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 67.6992px; display: inline-block;">otal remunera</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 136.066px; display: inline-block;">tion to the Board of Directors</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 490.301px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 9.82031px; display: inline-block;">-5</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 22.0488px; display: inline-block;">,300</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.4922px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.7969px; display: inline-block;">-5,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.0723px; display: inline-block;">300</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 252.164px; width: 797.572px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 67.6992px; display: inline-block;">otal remunera</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 172.939px; display: inline-block;">tion to the Executive Board and Boar</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 63.5625px; display: inline-block;">d of Directors</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 386.543px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 3.70898px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 12.3281px; display: inline-block;">37</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.6953px; display: inline-block;">,251</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.3027px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 15.3867px; display: inline-block;">35,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.832px; display: inline-block;">620</span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The termination period for the Ex<span class="_ _2"/>ecutive Board is 12 months. Further<span class="_ _24e"/>, the CEO has additional 12 months redundancy </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">payment. In connection with a change of contr<span class="_ _2"/>ol of the Group, the members of the Executiv<span class="_ _3"/>e Board can – within the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">first 3 months of the ev<span class="_ _3"/>ent - terminate their emplo<span class="_ _3"/>yment with the same effect as if the Company had giv<span class="_ _2"/>en notice of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">termination of emplo<span class="_ _3"/>yment to the Executiv<span class="_ _3"/>e Board. K<span class="_ _2"/>ey management personnel is defined as the Executiv<span class="_ _3"/>e Board </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">consisting of CEO T<span class="_ _24e"/>orben Carlsen and CFO Karina Deacon.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Remunera<span class="_ _3"/>tion to the chair of the Audit Committee is DKK 250k per y<span class="_ _2"/>ear (2022: DKK 250k) and remuneration t<span class="_ _3"/>o </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">other members of the Audit Commit<span class="_ _3"/>tee is DKK 125k per year (2022: DKK 125k) each. Remuner<span class="_ _2"/>ation to each of the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">three members of the Remuner<span class="_ _2"/>ation and Nomination Committee is DKK 100k per y<span class="_ _3"/>ear (2022: DKK 100k).</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">5<span class="_ _2"/>.3 <span class="_ _50"> </span>Share based pa<span class="_ _2"/>yment</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Long-term incentiv<span class="_ _3"/>es</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The decision to grant long-<span class="_ _2"/>term incentives is made by the Boar<span class="_ _3"/>d of Directors with consider<span class="_ _2"/>ation to DFDS' </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">remuner<span class="_ _2"/>ation policy appro<span class="_ _3"/>ved by the Annual Gener<span class="_ _2"/>al Meeting. With effect from 2021 the long-<span class="_ _3"/>term incentives for </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the Executiv<span class="_ _3"/>e Board and k<span class="_ _3"/>ey employ<span class="_ _3"/>ees consist of two components, Shar<span class="_ _3"/>e options and Restricted Shar<span class="_ _3"/>e Units </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(RSUs) where the a<span class="_ _2"/>ward is split 50/50 based on value as per gr<span class="_ _2"/>ant date. In 2023 a further group of k<span class="_ _3"/>ey employ<span class="_ _3"/>ees </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">wer<span class="_ _3"/>e granted long-<span class="_ _2"/>term incentives in the form of RSUs. All components vest on a str<span class="_ _3"/>aight-line basis o<span class="_ _2"/>ver three years </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">from the da<span class="_ _3"/>te of grant. Special conditions appl<span class="_ _2"/>y regarding illness and dea<span class="_ _3"/>th and if the capital structure of the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Paren<span class="_ _3"/>t company is changed. Share options and R<span class="_ _3"/>SUs granted can onl<span class="_ _2"/>y be settled with shares. A part of the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">treasury shar<span class="_ _3"/>es is reserved for se<span class="_ _3"/>ttling the outstanding shar<span class="_ _3"/>e options, RSUs and phantom shares.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Share options</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Share options ha<span class="_ _2"/>ve been granted to the Ex<span class="_ _3"/>ecutive Boar<span class="_ _3"/>d and key emplo<span class="_ _2"/>yees. Each share option giv<span class="_ _2"/>es the holder<span class="_ _4"/> <span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of the option the right to acquir<span class="_ _2"/>e one existing share in the Par<span class="_ _2"/>ent company of nominal DKK 20<span class="_ _3"/>. The share option </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">schemes equal a right to acquir<span class="_ _3"/>e 1.<span class="_ _3"/>9% of the share capital (2022: 2.<span class="_ _2"/>0%) if all remaining share op<span class="_ _3"/>tions are e<span class="_ _3"/>xer<span class="_ _3"/>cised.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Share options w<span class="_ _2"/>ere granted in 2016-<span class="_ _24e"/>2020 at an ex<span class="_ _3"/>ercise price equal to the a<span class="_ _3"/>ver<span class="_ _3"/>age share price of the P<span class="_ _3"/>arent </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">company’s shar<span class="_ _2"/>es 20 days befor<span class="_ _3"/>e the grant with an addition of 1<span class="_ _3"/>0%. Share options ar<span class="_ _2"/>e granted in 2021 and later a<span class="_ _3"/>t </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">an ex<span class="_ _2"/>ercise price equal to the aver<span class="_ _2"/>age share price of the Par<span class="_ _3"/>ent company’s shar<span class="_ _2"/>es five days after the r<span class="_ _2"/>elease of the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Q4 report with an addition of 10%.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The share options can be e<span class="_ _2"/>xercised when a minimum of thr<span class="_ _3"/>ee years and a maximum of fiv<span class="_ _3"/>e years hav<span class="_ _3"/>e elapsed </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">since the grant da<span class="_ _3"/>tes.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:485.705078125px;"><span style="position: absolute; display: inline-block; left: 494.328px; top: 0.0078125px; width: 24.8379px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 24.8379px; display: inline-block;">2023</span></span><span style="position: absolute; display: inline-block; left: 338.922px; top: 22.0234px; width: 46.2012px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 46.2012px; display: inline-block;">Resigned </span></span><span style="position: absolute; display: inline-block; left: 337.141px; top: 34.0234px; width: 47.918px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 40.9336px; display: inline-block;">Executiv</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 7.85156px; display: inline-block;">e </span></span><span style="position: absolute; display: inline-block; left: 354.094px; top: 46.0391px; width: 31.1133px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 31.1133px; display: inline-block;">Board </span></span><span style="position: absolute; display: inline-block; left: 478.906px; top: 46.0391px; width: 41.9297px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 7.20703px; display: inline-block;">A</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 21.7148px; display: inline-block;">vera</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 13.9629px; display: inline-block;">ge </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 338.922px; top: 58.0391px; width: 46.6055px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 46.6055px; display: inline-block;">members </span></span><span style="position: absolute; display: inline-block; left: 478.906px; top: 58.0391px; width: 41.5488px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 11.4492px; display: inline-block;">ex</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 30.9668px; display: inline-block;">ercise </span></span><span style="position: absolute; display: inline-block; left: 201.828px; top: 70.0234px; width: 47.8887px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 40.9336px; display: inline-block;">Executiv</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 7.85156px; display: inline-block;">e </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 298.203px; top: 70.0234px; width: 19.248px; white-space: pre; word-spacing: 0.4095px; letter-spacing: -0.4095px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 16.8223px; display: inline-block;">Key</span><span style="word-spacing: 0.4095px; letter-spacing: -0.4095px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span><span style="word-spacing: 0.4095px; letter-spacing: -0.4095px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="position: absolute; display: inline-block; left: 364.938px; top: 70.0391px; width: 20.5488px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 20.5488px; display: inline-block;">and </span></span><span style="position: absolute; display: inline-block; left: 476.172px; top: 70.0547px; width: 44.0918px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 44.0918px; display: inline-block;">price per </span></span><span style="position: absolute; display: inline-block; left: 217.375px; top: 82.0234px; width: 31.1133px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 31.1133px; display: inline-block;">Board </span></span><span style="position: absolute; display: inline-block; left: 263.094px; top: 82.0234px; width: 53.2969px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 35.4316px; display: inline-block;">employ</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.7324px; display: inline-block;">ees </span></span><span style="position: absolute; display: inline-block; left: 330.531px; top: 82.0391px; width: 53.2969px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 35.4316px; display: inline-block;">employ</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.7324px; display: inline-block;">ees </span></span><span style="position: absolute; display: inline-block; left: 488.844px; top: 82.0547px; width: 32.332px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 32.3613px; display: inline-block;">option </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 208.922px; top: 94.0391px; width: 38.0859px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 38.0859px; display: inline-block;">Number</span></span><span style="position: absolute; display: inline-block; left: 277.391px; top: 94.0391px; width: 38.0859px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 38.0859px; display: inline-block;">Number</span></span><span style="position: absolute; display: inline-block; left: 344.031px; top: 94.0391px; width: 105.902px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 38.0859px; display: inline-block;">Number</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.3534px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.2891px; display: inline-block;">otal</span></span><span style="position: absolute; display: inline-block; left: 499.094px; top: 94.0547px; width: 20.4785px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 20.4785px; display: inline-block;">DKK</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 116.041px; width: 519.691px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 118.57px; display: inline-block;">Outstanding at 1 January</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 92.1739px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 19.9395px; display: inline-block;">412,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 17.2383px; display: inline-block;">341</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.9414px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 17.7891px; display: inline-block;">555</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 2.90039px; display: inline-block;">,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.2871px; display: inline-block;">590</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.2832px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 17.0742px; display: inline-block;">187</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 21.2109px; display: inline-block;">,466</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 20.4317px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 29.2324px; display: inline-block;">1,155,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.7031px; display: inline-block;">397</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.0664px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 20.1973px; display: inline-block;">331.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 11.9883px; display: inline-block;">76</span></span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 131.26px; width: 519.727px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.95898px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 63.0352px; display: inline-block;">ransferred be</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 80.9062px; display: inline-block;">tween categories</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 93.0761px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.6641px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 3.74414px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.62px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 31.4297px; display: inline-block;">71,010</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.0664px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 13.8984px; display: inline-block;">71,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 17.5312px; display: inline-block;">010</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6406px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.38672px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.4199px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="width: 32.9766px; display: inline-block;">332.84</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 146.479px; width: 519.656px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 95.4258px; display: inline-block;">Granted during the y</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 15.7383px; display: inline-block;">ear</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 106.26px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.96525px; letter-spacing: -0.96525px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.19141px; display: inline-block;">6</span><span style="word-spacing: 0.96525px; letter-spacing: -0.96525px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 12.0059px; display: inline-block;">9,7</span><span style="word-spacing: 0.96525px; letter-spacing: -0.96525px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.2207px; display: inline-block;">0</span><span style="word-spacing: 0.96525px; letter-spacing: -0.96525px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 4.86914px; display: inline-block;">7</span><span style="word-spacing: 0.96525px; letter-spacing: -0.96525px; display: inline-block; margin-left: 0px; width: 31.9102px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 20.0098px; display: inline-block;">128,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 17.8652px; display: inline-block;">532</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6406px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1836px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 39.9375px; display: inline-block;">198,239</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.0391px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="width: 33.1699px; display: inline-block;">292.00</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 161.697px; width: 519.539px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 91.8281px; display: inline-block;">Expired during the y</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 15.7383px; display: inline-block;">ear</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 105.064px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 15.9258px; display: inline-block;">-49</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.998px; display: inline-block;">,213</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 33.0469px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 15.5039px; display: inline-block;">-57</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 21.2988px; display: inline-block;">,630</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.2832px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 36.6914px; display: inline-block;">-98,245</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 24.6738px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 3.70898px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 40.5527px; display: inline-block;">205,088</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.6641px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 21.0996px; display: inline-block;">383.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 12.3633px; display: inline-block;">00</span></span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 176.916px; width: 519.773px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 98.8008px; display: inline-block;">Forfeited during the y</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 15.7383px; display: inline-block;">ear</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 99.5685px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 3.74414px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 13.9922px; display: inline-block;">15,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 17.4141px; display: inline-block;">301</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.748px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 3.74414px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.748px; display: inline-block;">2,67</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.92969px; display: inline-block;">5</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.5469px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.7969px; display: inline-block;">-6,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.3984px; display: inline-block;">968</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.2832px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 3.70898px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 34.3828px; display: inline-block;">24,944</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.8946px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 11.9004px; display: inline-block;">37</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 21.1582px; display: inline-block;">4.80</span></span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 197.68px; width: 519.574px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 136.846px; display: inline-block;">Outstanding at 31 December</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.254px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 11.8477px; display: inline-block;">41</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 6.0293px; display: inline-block;">7</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 21.709px; display: inline-block;">,534</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1836px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 39.9961px; display: inline-block;">552,807</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1836px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 39.6562px; display: inline-block;">153,263</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 19.7285px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 48.4512px; display: inline-block;">1,123,604</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.6641px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 20.918px; display: inline-block;">315.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 12.6797px; display: inline-block;">93</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 219.666px; width: 519.838px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24375px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 40.7871px; display: inline-block;">Of this ex</span><span style="word-spacing: 0px; letter-spacing: -0.24375px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 137.051px; display: inline-block;">ercisable at the end of the year</span><span style="word-spacing: 0px; letter-spacing: -0.24375px; display: inline-block; margin-left: 0px; width: 32.6719px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 38.0977px; display: inline-block;">241,586</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.3027px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 18.0879px; display: inline-block;">263</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 21.3047px; display: inline-block;">,939</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 30.6621px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 20.0566px; display: inline-block;">135,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 17.877px; display: inline-block;">528</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.5645px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 39.9902px; display: inline-block;">641,053</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.8946px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="width: 17.4082px; display: inline-block;">319</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 15.1465px; display: inline-block;">.30</span></span></span><span style="position: absolute; display: inline-block; left: 494.328px; top: 254.775px; width: 23.7949px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 23.7949px; display: inline-block;">2022</span></span><span style="position: absolute; display: inline-block; left: 338.922px; top: 276.82px; width: 46.2012px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 46.2012px; display: inline-block;">Resigned </span></span><span style="position: absolute; display: inline-block; left: 337.141px; top: 288.82px; width: 47.918px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 40.9336px; display: inline-block;">Executiv</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 7.85156px; display: inline-block;">e </span></span><span style="position: absolute; display: inline-block; left: 354.094px; top: 300.82px; width: 31.1133px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 31.1133px; display: inline-block;">Board </span></span><span style="position: absolute; display: inline-block; left: 478.906px; top: 300.836px; width: 41.9297px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 7.20703px; display: inline-block;">A</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 21.7148px; display: inline-block;">vera</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 13.9629px; display: inline-block;">ge </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 338.922px; top: 312.82px; width: 46.6055px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 46.6055px; display: inline-block;">members </span></span><span style="position: absolute; display: inline-block; left: 478.906px; top: 312.836px; width: 41.5488px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 11.4492px; display: inline-block;">ex</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 30.9668px; display: inline-block;">ercise </span></span><span style="position: absolute; display: inline-block; left: 201.828px; top: 324.82px; width: 47.8887px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 40.9336px; display: inline-block;">Executiv</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 7.85156px; display: inline-block;">e </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 298.203px; top: 324.82px; width: 19.248px; white-space: pre; word-spacing: 0.4095px; letter-spacing: -0.4095px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 16.8223px; display: inline-block;">Key</span><span style="word-spacing: 0.4095px; letter-spacing: -0.4095px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span><span style="word-spacing: 0.4095px; letter-spacing: -0.4095px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="position: absolute; display: inline-block; left: 364.938px; top: 324.82px; width: 20.5488px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 20.5488px; display: inline-block;">and </span></span><span style="position: absolute; display: inline-block; left: 476.172px; top: 324.836px; width: 44.0918px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 44.0918px; display: inline-block;">price per </span></span><span style="position: absolute; display: inline-block; left: 217.375px; top: 336.82px; width: 31.1133px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 31.1133px; display: inline-block;">Board </span></span><span style="position: absolute; display: inline-block; left: 263.094px; top: 336.82px; width: 53.2969px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 35.4316px; display: inline-block;">employ</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.7324px; display: inline-block;">ees </span></span><span style="position: absolute; display: inline-block; left: 330.531px; top: 336.82px; width: 53.2969px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 35.4316px; display: inline-block;">employ</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.7324px; display: inline-block;">ees </span></span><span style="position: absolute; display: inline-block; left: 488.844px; top: 336.836px; width: 32.332px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 32.3613px; display: inline-block;">option </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 208.922px; top: 348.82px; width: 38.0859px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 38.0859px; display: inline-block;">Number</span></span><span style="position: absolute; display: inline-block; left: 277.391px; top: 348.82px; width: 38.0859px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 38.0859px; display: inline-block;">Number</span></span><span style="position: absolute; display: inline-block; left: 344.031px; top: 348.836px; width: 105.902px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 38.0859px; display: inline-block;">Number</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.3534px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.2891px; display: inline-block;">otal</span></span><span style="position: absolute; display: inline-block; left: 499.094px; top: 348.836px; width: 20.4785px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 20.4785px; display: inline-block;">DKK</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 370.822px; width: 522.152px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 118.57px; display: inline-block;">Outstanding at 1 January</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.9102px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 37</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.92969px; display: inline-block;">5</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 23.2852px; display: inline-block;">,305 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 24.6738px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 626,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.3027px; display: inline-block;">362 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 23.8828px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 155,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.2441px; display: inline-block;">426 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 15.498px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> 1,15</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 6.0293px; display: inline-block;">7</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 24.0938px; display: inline-block;">,093 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 32.6719px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 35.6074px; display: inline-block;">336.36 </span></span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 386.041px; width: 521.426px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.95898px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 63.0352px; display: inline-block;">ransferred be</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 80.9062px; display: inline-block;">tween categories</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.3534px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 24.6738px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.1016px; display: inline-block;">112,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.2266px; display: inline-block;">794 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.9414px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 19.1016px; display: inline-block;">112,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.2266px; display: inline-block;">794 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.6641px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="width: 17.9648px; display: inline-block;">337</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 8.73047px; display: inline-block;">.7</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 8.29102px; display: inline-block;">8 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 401.26px; width: 521.777px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 95.4258px; display: inline-block;">Granted during the y</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 15.7383px; display: inline-block;">ear</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 103.143px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 64,81</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 8.2207px; display: inline-block;">4 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 27.6211px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 111,892 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 24.2754px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.28275px; letter-spacing: -0.28275px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 4.11914px; display: inline-block;"> </span>1</span><span style="word-spacing: 0.28275px; letter-spacing: -0.28275px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 14.5195px; display: inline-block;">76,</span><span style="word-spacing: 0.28275px; letter-spacing: -0.28275px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 11.8477px; display: inline-block;">70</span><span style="word-spacing: 0.28275px; letter-spacing: -0.28275px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 8.14453px; display: inline-block;">6 </span><span style="word-spacing: 0.28275px; letter-spacing: -0.28275px; display: inline-block; margin-left: 0px; width: 31.9102px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> 301.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 14.5781px; display: inline-block;">00 </span></span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 416.479px; width: 521.572px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 91.8281px; display: inline-block;">Expired during the y</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 15.7383px; display: inline-block;">ear</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 102.732px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 1.17px; letter-spacing: -1.17px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 4.42969px; display: inline-block;"> </span>-</span><span style="word-spacing: 1.17px; letter-spacing: -1.17px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 4.70508px; display: inline-block;">2</span><span style="word-spacing: 1.17px; letter-spacing: -1.17px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 6.38672px; display: inline-block;">7,</span><span style="word-spacing: 1.17px; letter-spacing: -1.17px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 4.66406px; display: inline-block;">7</span><span style="word-spacing: 1.17px; letter-spacing: -1.17px; display: inline-block; margin-left: 0px; width: 1.38867px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="width: 4.66406px; display: inline-block;">7</span><span style="word-spacing: 1.17px; letter-spacing: -1.17px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 4.9043px; display: inline-block;">8</span><span style="word-spacing: 1.17px; letter-spacing: -1.17px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span><span style="word-spacing: 1.17px; letter-spacing: -1.17px; display: inline-block; margin-left: 0px; width: 29.3027px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> -41,12</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 8.2207px; display: inline-block;">4 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 25.2304px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -60,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.127px; display: inline-block;">922 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 23.8828px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 3.70898px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 17.9824px; display: inline-block;">129</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 23.7363px; display: inline-block;">,824 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 32.6719px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 21.3164px; display: inline-block;">390.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 14.5781px; display: inline-block;">00 </span></span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 431.697px; width: 521.941px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 98.8008px; display: inline-block;">Forfeited during the y</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 15.7383px; display: inline-block;">ear</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 122.789px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 27.2109px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -28</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 2.90039px; display: inline-block;">,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.83594px; display: inline-block;">7</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 14.373px; display: inline-block;">46 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.2832px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 15.0879px; display: inline-block;">-19</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 23.1211px; display: inline-block;">,832 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 24.6738px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.32175px; letter-spacing: -0.32175px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 4.11914px; display: inline-block;"> </span>-</span><span style="word-spacing: 0.32175px; letter-spacing: -0.32175px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 6px; display: inline-block;">4</span><span style="word-spacing: 0.32175px; letter-spacing: -0.32175px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 26.1211px; display: inline-block;">8,578</span><span style="word-spacing: 0.32175px; letter-spacing: -0.32175px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span><span style="word-spacing: 0.32175px; letter-spacing: -0.32175px; display: inline-block; margin-left: 0px; width: 35.0391px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span></span><span style="word-spacing: 0.96525px; letter-spacing: -0.96525px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.10352px; display: inline-block;">3</span><span style="word-spacing: 0.96525px; letter-spacing: -0.96525px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 4.86914px; display: inline-block;">7</span><span style="word-spacing: 0.96525px; letter-spacing: -0.96525px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.10352px; display: inline-block;">3</span><span style="word-spacing: 0.96525px; letter-spacing: -0.96525px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 6.79688px; display: inline-block;">.7</span><span style="word-spacing: 0.96525px; letter-spacing: -0.96525px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.2207px; display: inline-block;">0</span><span style="word-spacing: 0.96525px; letter-spacing: -0.96525px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 452.477px; width: 521.906px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 136.846px; display: inline-block;">Outstanding at 31 December</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.8185px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 41.0977px; display: inline-block;">412,341 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 23.8828px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 555,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.9355px; display: inline-block;">590 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 23.4727px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 187</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.62px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 24.0879px; display: inline-block;">,466 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 18.6797px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 41.9062px; display: inline-block;">1,155,39</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 8.08594px; display: inline-block;">7 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.9102px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 331.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 14.4551px; display: inline-block;">76 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 474.463px; width: 210.516px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24375px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 40.7871px; display: inline-block;">Of this ex</span><span style="word-spacing: 0px; letter-spacing: -0.24375px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 137.051px; display: inline-block;">ercisable at the end of the year</span><span style="word-spacing: 0px; letter-spacing: -0.24375px; display: inline-block; margin-left: 0px; width: 33.5449px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="position: absolute; display: inline-block; left: 210.516px; top: 474.463px; width: 311.051px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 19.1016px; display: inline-block;">112,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.5078px; display: inline-block;">863 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.3027px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 17.2676px; display: inline-block;">159</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 22.0781px; display: inline-block;">,125 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 23.4727px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 136,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.6133px; display: inline-block;">689 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 24.2754px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> 408,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.4785px; display: inline-block;">677 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 33.5449px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 21.041px; display: inline-block;">356.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 14.543px; display: inline-block;">96 </span></span></span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The share options gr<span class="_ _2"/>anted in 2023 had a fair value of DKK 11.<span class="_ _2"/>0m (2022: DKK 7<span class="_ _24e"/>.3m), equal to an av<span class="_ _3"/>erage f<span class="_ _3"/>air value </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">per option of DKK 55<span class="_ _2"/>.59 (2022: DKK 41.38).</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">No share options ha<span class="_ _2"/>ve been exer<span class="_ _2"/>cised during 2023 (2022: nil).</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">V<span class="_ _3"/>esting of share options is e<span class="_ _2"/>xpensed in the income statement for 2023 with DKK 8m (2022: DKK 7m). The calculated </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">fair values ar<span class="_ _2"/>e based on the Black<span class="_ _3"/>-Scholes formula for measuring shar<span class="_ _3"/>e options. The outstanding options on 31 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">December 2023 hav<span class="_ _3"/>e an aver<span class="_ _2"/>age weighted remaining contr<span class="_ _2"/>actual time of 1.9 y<span class="_ _3"/>ears (2022: 2.1 years).</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Assumptions concerning the calculation of fair v<span class="_ _2"/>alue at time of grant:</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:169.345703125px;"><span style="position: absolute; display: inline-block; left: 348.812px; top: 0.0078125px; width: 47.0684px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 47.0684px; display: inline-block;">Expected </span></span><span style="position: absolute; display: inline-block; left: 360.688px; top: 12.0078px; width: 35.5781px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 35.5781px; display: inline-block;">annual </span></span><span style="position: absolute; display: inline-block; left: 348.812px; top: 24.0078px; width: 48.0586px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 48.0586px; display: inline-block;">dividends </span></span><span style="position: absolute; display: inline-block; left: 472.359px; top: 24.0234px; width: 48.8203px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 49.248px; display: inline-block;">Fair value </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.49588px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 172.562px; top: 36.0078px; width: 35.8242px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 30.3926px; display: inline-block;">Marke</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.89453px; display: inline-block;">t </span></span><span style="position: absolute; display: inline-block; left: 289.203px; top: 36.0078px; width: 43.6758px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 20.2617px; display: inline-block;">Risk</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 24.709px; display: inline-block;">-free </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.49588px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 348.812px; top: 36.0078px; width: 46.9395px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 46.9395px; display: inline-block;">per share </span></span><span style="position: absolute; display: inline-block; left: 470.828px; top: 36.0234px; width: 50.1738px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 50.2031px; display: inline-block;">per option </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 102.516px; top: 48.0078px; width: 41.9355px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 21.082px; display: inline-block;">Exer</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 21.3457px; display: inline-block;">cise </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 170.734px; top: 48.0078px; width: 38.625px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 38.625px; display: inline-block;">price at </span></span><span style="position: absolute; display: inline-block; left: 223.859px; top: 48.0078px; width: 47.0391px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 47.0684px; display: inline-block;">Expected </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 294.641px; top: 48.0078px; width: 38.2324px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 38.6602px; display: inline-block;">interest </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.49588px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 353.969px; top: 48.0078px; width: 41.9297px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 41.9297px; display: inline-block;">(DKK) at </span></span><span style="position: absolute; display: inline-block; left: 411.516px; top: 48.0078px; width: 47.0391px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 47.0684px; display: inline-block;">Expected </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 474.672px; top: 48.0234px; width: 47.1152px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 47.1152px; display: inline-block;">at time of </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 60.0078px; width: 61.0078px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.45703px; display: inline-block;">Y</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 55.793px; display: inline-block;">ear of grant</span></span><span style="position: absolute; display: inline-block; left: 119.125px; top: 60.0078px; width: 24.1934px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 24.1934px; display: inline-block;">price</span></span><span style="position: absolute; display: inline-block; left: 156.078px; top: 60.0078px; width: 49.9688px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 40.8047px; display: inline-block;">grant da</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 9.62695px; display: inline-block;">te</span></span><span style="position: absolute; display: inline-block; left: 226.766px; top: 60.0078px; width: 41.6484px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 21.0645px; display: inline-block;">vola</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 21.4512px; display: inline-block;">tility</span></span><span style="position: absolute; display: inline-block; left: 312.75px; top: 60.0078px; width: 19.0078px; white-space: pre; word-spacing: 0.234px; letter-spacing: -0.234px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 19.0078px; display: inline-block;">rate</span></span><span style="position: absolute; display: inline-block; left: 344.531px; top: 60.0234px; width: 49.9688px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 40.8047px; display: inline-block;">grant da</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 9.62695px; display: inline-block;">te</span></span><span style="position: absolute; display: inline-block; left: 433.984px; top: 60.0234px; width: 22.4004px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 22.4004px; display: inline-block;">term</span></span><span style="position: absolute; display: inline-block; left: 478.203px; top: 60.0234px; width: 40.6523px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 40.6523px; display: inline-block;">granting</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 82.0098px; width: 519.598px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 23.9883px; display: inline-block;">2023</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 101.215px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 17.9121px; display: inline-block;">292</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 30.6621px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 18.1992px; display: inline-block;">269</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 15.0879px; display: inline-block;">.40</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 27.6211px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 15.0352px; display: inline-block;">38.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.6836px; display: inline-block;">66%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.6641px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.76562px; display: inline-block;">2.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.3789px; display: inline-block;">79%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.5741px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.585px; letter-spacing: -0.585px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 13.4941px; display: inline-block;">9.0</span><span style="word-spacing: 0.585px; letter-spacing: -0.585px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.60156px; display: inline-block;">0</span><span style="word-spacing: 0.585px; letter-spacing: -0.585px; display: inline-block; margin-left: 0px; width: 29.3027px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 34.1074px; display: inline-block;">3 years</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.4922px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 14.7539px; display: inline-block;">55.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 12.1055px; display: inline-block;">59</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 97.2285px; width: 521.807px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 23.7949px; display: inline-block;">2022</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 101.215px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 18.082px; display: inline-block;">344</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.2832px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 18.082px; display: inline-block;">307</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.62px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 17.1621px; display: inline-block;">.20 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 25.2304px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 35.6777px; display: inline-block;">34.60%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 30.6621px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 9.92578px; display: inline-block;">-0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 22.6113px; display: inline-block;">.19%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.0664px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 13.9336px; display: inline-block;">12.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 12.3633px; display: inline-block;">00</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 26.4961px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 3 years </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.6641px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 14.0742px; display: inline-block;">41.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 14.3555px; display: inline-block;">38 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 112.447px; width: 522.07px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 23.0918px; display: inline-block;">2021</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 102.732px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 17.4141px; display: inline-block;">301</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.2832px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 19.7637px; display: inline-block;">271.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 14.5781px; display: inline-block;">00 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 26.4961px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 34.5879px; display: inline-block;">34.81%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 30.6621px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 9.92578px; display: inline-block;">-0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 23.1328px; display: inline-block;">.55%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.43875px; letter-spacing: -0.43875px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 13.7988px; display: inline-block;">6.3</span><span style="word-spacing: 0.43875px; letter-spacing: -0.43875px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.63086px; display: inline-block;">3</span><span style="word-spacing: 0.43875px; letter-spacing: -0.43875px; display: inline-block; margin-left: 0px; width: 27.2109px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> 3 years </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 33.5449px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 29.291px; display: inline-block;">42.66 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 127.666px; width: 235.582px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 24.1055px; display: inline-block;">2020</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 101.994px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.16575px; letter-spacing: -0.16575px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.90039px; display: inline-block;">3</span><span style="word-spacing: 0.16575px; letter-spacing: -0.16575px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 10.8457px; display: inline-block;">14</span><span style="word-spacing: 0.16575px; letter-spacing: -0.16575px; display: inline-block; margin-left: 0px; width: 29.9414px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 35.1914px; display: inline-block;">262.40 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 27.2109px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="position: absolute; display: inline-block; left: 235.582px; top: 127.666px; width: 286.002px; white-space: pre; word-spacing: 0.078px; letter-spacing: -0.078px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 11.5488px; display: inline-block;">27</span><span style="word-spacing: 0.078px; letter-spacing: -0.078px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 22.6641px; display: inline-block;">.27%</span><span style="word-spacing: 0.078px; letter-spacing: -0.078px; display: inline-block; margin-left: 0px; width: 31.9102px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 9.92578px; display: inline-block;">-0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 2.90039px; display: inline-block;">.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.0801px; display: inline-block;">72%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.585px; letter-spacing: -0.585px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 13.4941px; display: inline-block;">9.0</span><span style="word-spacing: 0.585px; letter-spacing: -0.585px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.60156px; display: inline-block;">0</span><span style="word-spacing: 0.585px; letter-spacing: -0.585px; display: inline-block; margin-left: 0px; width: 27.2109px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> 3 years </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.0391px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 14.2383px; display: inline-block;">19.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 14.1973px; display: inline-block;">67 </span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 142.885px; width: 522.047px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 23.3906px; display: inline-block;">2019</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 53.7949px; display: inline-block;">, November</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.0332px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 17.209px; display: inline-block;">291</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 30.6621px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 17.7656px; display: inline-block;">273</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 17.2969px; display: inline-block;">.40 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 25.8516px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.0234px; display: inline-block;">26</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 23.502px; display: inline-block;">.86%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.2832px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 9.92578px; display: inline-block;">-0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 2.90039px; display: inline-block;">.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.0801px; display: inline-block;">72%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.5469px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 13.2363px; display: inline-block;">11.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 12.3633px; display: inline-block;">00</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 11.7304px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 27 months </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.0547px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 28.8516px; display: inline-block;">25.28 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 158.104px; width: 521.625px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 23.3906px; display: inline-block;">2019</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 47.0859px; display: inline-block;">, February</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.7051px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 18.0586px; display: inline-block;">335</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.9414px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 21.2988px; display: inline-block;">306.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 14.5488px; display: inline-block;">60 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 27.2109px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 11.7012px; display: inline-block;">27</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.62px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 23.6191px; display: inline-block;">.99%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 30.6621px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.8262px; display: inline-block;">-0.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.4766px; display: inline-block;">51%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.585px; letter-spacing: -0.585px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 7.89844px; display: inline-block;">9.</span><span style="word-spacing: 0.585px; letter-spacing: -0.585px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.60156px; display: inline-block;">0</span><span style="word-spacing: 0.585px; letter-spacing: -0.585px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.60156px; display: inline-block;">0</span><span style="word-spacing: 0.585px; letter-spacing: -0.585px; display: inline-block; margin-left: 0px; width: 27.2109px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> 3 years </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.0547px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 28.5234px; display: inline-block;">34.19 </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The expected v<span class="_ _2"/>olatility for 2019 to 2023 is based on the historical vola<span class="_ _3"/>tility for the past three y<span class="_ _3"/>ears. The risk<span class="_ _2"/>-free <span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">interest r<span class="_ _2"/>ate is based on three-y<span class="_ _3"/>ear Danish government bonds.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Restricted Stock Units (RSUs)</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">RSUs hav<span class="_ _3"/>e been granted to the Ex<span class="_ _2"/>ecutive Board and ke<span class="_ _2"/>y employees. Each RSU giv<span class="_ _3"/>es the holder a right to receiv<span class="_ _3"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">one existing shar<span class="_ _2"/>e in the Parent company of nominal DKK 20 when the thr<span class="_ _3"/>ee-year vesting period has elapsed. The </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">RSUs equal a right to receiv<span class="_ _2"/>e 0.1<span class="_ _24e"/>7% (2022: 0<span class="_ _3"/>.<span class="_ _3"/>07%) of the share capit<span class="_ _3"/>al if all remaining RSUs ar<span class="_ _3"/>e transferr<span class="_ _2"/>ed. Vesting </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of RSUs is expensed in the income sta<span class="_ _2"/>tement for 2023 with DKK 9m (2022: DKK 4m).<span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The number of RSUs granted in 2021 and la<span class="_ _2"/>ter is based on the avera<span class="_ _3"/>ge share price of the Par<span class="_ _2"/>ent company’s shar<span class="_ _3"/>es </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">five da<span class="_ _3"/>ys after the r<span class="_ _3"/>elease of the Q4 report.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:617.361328125px;"><span style="position: absolute; display: inline-block; left: 494.328px; top: 0.0078125px; width: 24.8379px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 24.8379px; display: inline-block;">2023</span></span><span style="position: absolute; display: inline-block; left: 409.25px; top: 22.0391px; width: 46.2012px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 46.2012px; display: inline-block;">Resigned </span></span><span style="position: absolute; display: inline-block; left: 407.547px; top: 34.0391px; width: 47.918px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 40.9336px; display: inline-block;">Executiv</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 7.85156px; display: inline-block;">e </span></span><span style="position: absolute; display: inline-block; left: 424.766px; top: 46.0391px; width: 31.1133px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 31.1133px; display: inline-block;">Board </span></span><span style="position: absolute; display: inline-block; left: 360.812px; top: 58.0391px; width: 29.0391px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 29.0391px; display: inline-block;">Other </span></span><span style="position: absolute; display: inline-block; left: 409.25px; top: 58.0391px; width: 46.6055px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 46.6055px; display: inline-block;">members </span></span><span style="position: absolute; display: inline-block; left: 208.922px; top: 70.0234px; width: 47.8887px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 40.9336px; display: inline-block;">Executiv</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 7.85156px; display: inline-block;">e </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 304.578px; top: 70.0234px; width: 19.248px; white-space: pre; word-spacing: 0.4095px; letter-spacing: -0.4095px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 16.8223px; display: inline-block;">Key</span><span style="word-spacing: 0.4095px; letter-spacing: -0.4095px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span><span style="word-spacing: 0.4095px; letter-spacing: -0.4095px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="position: absolute; display: inline-block; left: 332.016px; top: 70.0391px; width: 55.5996px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 55.5996px; display: inline-block;">managerial</span></span><span style="position: absolute; display: inline-block; left: 435.344px; top: 70.0547px; width: 20.5488px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 20.5488px; display: inline-block;">and </span></span><span style="position: absolute; display: inline-block; left: 227.688px; top: 82.0234px; width: 31.1133px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 31.1133px; display: inline-block;">Board </span></span><span style="position: absolute; display: inline-block; left: 269.984px; top: 82.0234px; width: 53.2969px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 35.4316px; display: inline-block;">employ</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.7324px; display: inline-block;">ees </span></span><span style="position: absolute; display: inline-block; left: 364.938px; top: 82.0391px; width: 22.4648px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 22.4648px; display: inline-block;">staff</span></span><span style="position: absolute; display: inline-block; left: 402.156px; top: 82.0547px; width: 53.2969px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 35.4316px; display: inline-block;">employ</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.7324px; display: inline-block;">ees </span></span><span style="position: absolute; display: inline-block; left: 217.375px; top: 94.0391px; width: 38.0859px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 38.0859px; display: inline-block;">Number</span></span><span style="position: absolute; display: inline-block; left: 283.484px; top: 94.0391px; width: 38.0859px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 38.0859px; display: inline-block;">Number</span></span><span style="position: absolute; display: inline-block; left: 349.547px; top: 94.0391px; width: 38.0859px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 38.0859px; display: inline-block;">Number</span></span><span style="position: absolute; display: inline-block; left: 415.609px; top: 94.0547px; width: 103.688px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 38.0859px; display: inline-block;">Number</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.2891px; display: inline-block;">otal</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 116.041px; width: 486.258px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 118.57px; display: inline-block;">Outstanding at 1 January</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 107.988px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 5.16797px; display: inline-block;">1</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.83594px; display: inline-block;">7</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 21.2578px; display: inline-block;">,409</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 33.0469px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 14.7715px; display: inline-block;">24,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.1758px; display: inline-block;">626</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.8594px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.4062px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.06836px; display: inline-block;">1,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.0527px; display: inline-block;">924</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.9102px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="position: absolute; display: inline-block; left: 486.258px; top: 116.041px; width: 34.002px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 12.6211px; display: inline-block;">43</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 21.8438px; display: inline-block;">,959</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 131.26px; width: 520.043px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.95898px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 63.0352px; display: inline-block;">ransferred be</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 80.9062px; display: inline-block;">tween categories</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 101.994px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.4922px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 11.8125px; display: inline-block;">-1,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.2285px; display: inline-block;">364</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.8594px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.873px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 26.291px; display: inline-block;">1,364</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.4142px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.38672px; display: inline-block;">0</span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 146.479px; width: 520.025px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 95.4258px; display: inline-block;">Granted during the y</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 15.7383px; display: inline-block;">ear</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 114.123px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 14.0742px; display: inline-block;">14,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.5156px; display: inline-block;">600</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 33.5449px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 14.918px; display: inline-block;">26,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.2285px; display: inline-block;">920</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.0547px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.0527px; display: inline-block;">20</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.9824px; display: inline-block;">,623</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.0156px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 32.6719px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 33.5625px; display: inline-block;">62,143</span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 161.697px; width: 520.219px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 98.8008px; display: inline-block;">Forfeited during the y</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 15.7383px; display: inline-block;">ear</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 112.564px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 3.74414px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 26.8418px; display: inline-block;">2,885</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.3534px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 22.0078px; display: inline-block;">-560</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.6482px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 3.65039px; display: inline-block;">-</span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 17.0391px; display: inline-block;">416</span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; width: 45.0529px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 21.0703px; display: inline-block;">-641</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.6641px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 31.5762px; display: inline-block;">-4,502</span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 182.461px; width: 519.809px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 136.846px; display: inline-block;">Outstanding at 31 December</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 86.7304px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.4512px; display: inline-block;">29</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.8945px; display: inline-block;">,124</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 32.291px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 15.6738px; display: inline-block;">49,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.5156px; display: inline-block;">622</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 32.6719px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 27.8965px; display: inline-block;">20,20</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 6.0293px; display: inline-block;">7</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.1699px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 21.7383px; display: inline-block;">2,64</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 6.0293px; display: inline-block;">7</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 27.2109px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 20.4199px; display: inline-block;">101,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.1426px; display: inline-block;">600</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 204.447px; width: 519.803px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 43.2246px; display: inline-block;">Of this ex</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 144.85px; display: inline-block;">ercisable at the end of the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.1406px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.4142px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.8594px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.4142px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.8594px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span></span><span style="position: absolute; display: inline-block; left: 495.359px; top: 239.541px; width: 23.7949px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 23.7949px; display: inline-block;">2022</span></span><span style="position: absolute; display: inline-block; left: 409.25px; top: 261.586px; width: 46.2012px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 46.2012px; display: inline-block;">Resigned </span></span><span style="position: absolute; display: inline-block; left: 407.547px; top: 273.586px; width: 47.918px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 40.9336px; display: inline-block;">Executiv</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 7.85156px; display: inline-block;">e </span></span><span style="position: absolute; display: inline-block; left: 424.766px; top: 285.586px; width: 31.1133px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 31.1133px; display: inline-block;">Board </span></span><span style="position: absolute; display: inline-block; left: 409.25px; top: 297.586px; width: 46.6055px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 46.6055px; display: inline-block;">members </span></span><span style="position: absolute; display: inline-block; left: 275.016px; top: 309.586px; width: 47.8887px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 40.9336px; display: inline-block;">Executiv</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 7.85156px; display: inline-block;">e </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 369.891px; top: 309.586px; width: 19.248px; white-space: pre; word-spacing: 0.4095px; letter-spacing: -0.4095px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 16.8223px; display: inline-block;">Key</span><span style="word-spacing: 0.4095px; letter-spacing: -0.4095px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span><span style="word-spacing: 0.4095px; letter-spacing: -0.4095px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="position: absolute; display: inline-block; left: 435.344px; top: 309.586px; width: 20.5488px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 20.5488px; display: inline-block;">and </span></span><span style="position: absolute; display: inline-block; left: 292.547px; top: 321.586px; width: 31.1133px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 31.1133px; display: inline-block;">Board </span></span><span style="position: absolute; display: inline-block; left: 335.484px; top: 321.586px; width: 53.2969px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 35.4316px; display: inline-block;">employ</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.7324px; display: inline-block;">ees </span></span><span style="position: absolute; display: inline-block; left: 402.156px; top: 321.586px; width: 53.2969px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 35.4316px; display: inline-block;">employ</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.7324px; display: inline-block;">ees </span></span><span style="position: absolute; display: inline-block; left: 283.484px; top: 333.586px; width: 38.0859px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 38.0859px; display: inline-block;">Number</span></span><span style="position: absolute; display: inline-block; left: 349.547px; top: 333.586px; width: 38.0859px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 38.0859px; display: inline-block;">Number</span></span><span style="position: absolute; display: inline-block; left: 415.609px; top: 333.586px; width: 103.688px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 38.0859px; display: inline-block;">Number</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.2891px; display: inline-block;">otal</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 355.572px; width: 522.041px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 118.57px; display: inline-block;">Outstanding at 1 January</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 177.188px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.9707px; display: inline-block;">8,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.3027px; display: inline-block;">844 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.9414px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 15,260 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.5877px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1836px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> 24,104 </span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 370.807px; width: 522.035px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.95898px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 63.0352px; display: inline-block;">ransferred be</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 80.9062px; display: inline-block;">tween categories</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 163.406px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 30.6621px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -4,289 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.4922px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 29.2324px; display: inline-block;">4,289 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> 0 </span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 386.025px; width: 522.199px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 95.4258px; display: inline-block;">Granted during the y</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 15.7383px; display: inline-block;">ear</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 185.853px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.07617px; display: inline-block;">8</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 23.1211px; display: inline-block;">,565 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 30.6621px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 14,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.0508px; display: inline-block;">785 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.5877px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.9414px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 36.2051px; display: inline-block;">23,350 </span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 401.244px; width: 522.439px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 98.8008px; display: inline-block;">Forfeited during the y</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 15.7383px; display: inline-block;">ear</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 197.69px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.6641px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 31.4355px; display: inline-block;">-1,130 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.2832px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 29.127px; display: inline-block;">2,365 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.9414px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> -3,495 </span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 422.008px; width: 519.967px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 136.846px; display: inline-block;">Outstanding at 31 December</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 151.629px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 1</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 6.0293px; display: inline-block;">7</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 22.0547px; display: inline-block;">,409</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.9102px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 34.1777px; display: inline-block;">24,626</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.748px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 20.9531px; display: inline-block;">1,92</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 6.32227px; display: inline-block;">4</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.9102px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 15.5918px; display: inline-block;">43,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.8672px; display: inline-block;">959</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 443.994px; width: 522.035px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 43.2246px; display: inline-block;">Of this ex</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 144.85px; display: inline-block;">ercisable at the end of the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 124.283px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0801px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0801px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0801px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span></span><span style="position: absolute; display: inline-block; left: 342.656px; top: 481.664px; width: 47.0684px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 47.0684px; display: inline-block;">Expected </span></span><span style="position: absolute; display: inline-block; left: 354.094px; top: 493.664px; width: 35.5781px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 35.5781px; display: inline-block;">annual </span></span><span style="position: absolute; display: inline-block; left: 341.422px; top: 505.664px; width: 48.0586px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 48.0586px; display: inline-block;">dividends </span></span><span style="position: absolute; display: inline-block; left: 371.859px; top: 517.68px; width: 17.8477px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 17.8477px; display: inline-block;">per </span></span><span style="position: absolute; display: inline-block; left: 471.953px; top: 517.68px; width: 48.8203px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 49.248px; display: inline-block;">Fair value </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.49588px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 156.391px; top: 529.664px; width: 35.8242px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 30.3926px; display: inline-block;">Marke</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.89453px; display: inline-block;">t </span></span><span style="position: absolute; display: inline-block; left: 330.531px; top: 529.68px; width: 58.6465px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 58.6465px; display: inline-block;">share (DKK) </span></span><span style="position: absolute; display: inline-block; left: 475.156px; top: 529.68px; width: 46.5117px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 46.9395px; display: inline-block;">per share </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.49588px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 541.664px; width: 34.9043px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.45703px; display: inline-block;">Y</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 29.6895px; display: inline-block;">ear of </span></span><span style="position: absolute; display: inline-block; left: 84.9375px; top: 541.664px; width: 41.9355px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 21.082px; display: inline-block;">Exer</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 21.3457px; display: inline-block;">cise </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 153.656px; top: 541.664px; width: 38.625px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 38.625px; display: inline-block;">price at </span></span><span style="position: absolute; display: inline-block; left: 210.516px; top: 541.664px; width: 47.0391px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 47.0684px; display: inline-block;">Expected </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 280px; top: 541.664px; width: 44.1035px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 20.2617px; display: inline-block;">Risk</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 24.709px; display: inline-block;">-free </span></span><span style="position: absolute; display: inline-block; left: 349.547px; top: 541.68px; width: 40.0781px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 34.6465px; display: inline-block;">at gran</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.89453px; display: inline-block;">t </span></span><span style="position: absolute; display: inline-block; left: 407.547px; top: 541.68px; width: 47.0391px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 47.0684px; display: inline-block;">Expected </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 475.156px; top: 541.68px; width: 46.6875px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 47.1152px; display: inline-block;">at time of </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.49588px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 553.664px; width: 26.1035px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 26.1035px; display: inline-block;">grant</span></span><span style="position: absolute; display: inline-block; left: 100.656px; top: 553.664px; width: 24.1934px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 24.1934px; display: inline-block;">price</span></span><span style="position: absolute; display: inline-block; left: 141.094px; top: 553.664px; width: 49.9688px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 40.8047px; display: inline-block;">grant da</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 9.62695px; display: inline-block;">te</span></span><span style="position: absolute; display: inline-block; left: 213.844px; top: 553.664px; width: 41.6484px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 21.0645px; display: inline-block;">vola</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 21.4512px; display: inline-block;">tility</span></span><span style="position: absolute; display: inline-block; left: 263.094px; top: 553.664px; width: 57.7383px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 48.9785px; display: inline-block;">interest ra</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 9.62695px; display: inline-block;">te</span></span><span style="position: absolute; display: inline-block; left: 364.938px; top: 553.68px; width: 22.2715px; white-space: pre; word-spacing: -2.05725px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 22.2715px; display: inline-block;">date </span></span><span style="position: absolute; display: inline-block; left: 430.172px; top: 553.68px; width: 22.4004px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 22.4004px; display: inline-block;">term</span></span><span style="position: absolute; display: inline-block; left: 478.906px; top: 553.695px; width: 40.6523px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 40.6523px; display: inline-block;">granting</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 575.682px; width: 519.902px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 23.9883px; display: inline-block;">2023</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.4022px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 32.6719px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 21.0938px; display: inline-block;">269.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 12.1934px; display: inline-block;">40</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.2832px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.1406px; display: inline-block;">38</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 23.5781px; display: inline-block;">.66%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.5469px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.76562px; display: inline-block;">2.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.3789px; display: inline-block;">79%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.0529px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.585px; letter-spacing: -0.585px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 7.89844px; display: inline-block;">9.</span><span style="word-spacing: 0.585px; letter-spacing: -0.585px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.60156px; display: inline-block;">0</span><span style="word-spacing: 0.585px; letter-spacing: -0.585px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.60156px; display: inline-block;">0</span><span style="word-spacing: 0.585px; letter-spacing: -0.585px; display: inline-block; margin-left: 0px; width: 32.291px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 34.1074px; display: inline-block;">3 years</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.0547px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 17.9531px; display: inline-block;">265</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 14.7715px; display: inline-block;">.42</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 590.9px; width: 519.838px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 23.7949px; display: inline-block;">2022</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.4022px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.9102px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.2461px; display: inline-block;">30</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.83594px; display: inline-block;">7</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 14.9473px; display: inline-block;">.20</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 30.6621px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 14.9707px; display: inline-block;">34.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.7129px; display: inline-block;">60%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 33.5449px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 9.92578px; display: inline-block;">-0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 22.6113px; display: inline-block;">.19%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.873px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 13.9336px; display: inline-block;">12.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 12.3633px; display: inline-block;">00</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.3027px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 3 years </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 32.6719px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 31.2891px; display: inline-block;">313.15</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 606.119px; width: 519.006px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 23.0918px; display: inline-block;">2021</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 96.1815px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.9102px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 19.7637px; display: inline-block;">271.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 12.3633px; display: inline-block;">00</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.2832px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 34.5879px; display: inline-block;">34.81%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 33.5449px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 9.92578px; display: inline-block;">-0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 23.1328px; display: inline-block;">.55%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.0529px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.43875px; letter-spacing: -0.43875px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 13.7988px; display: inline-block;">6.3</span><span style="word-spacing: 0.43875px; letter-spacing: -0.43875px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.63086px; display: inline-block;">3</span><span style="word-spacing: 0.43875px; letter-spacing: -0.43875px; display: inline-block; margin-left: 0px; width: 29.9414px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> 3 years </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.9102px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.43875px; letter-spacing: -0.43875px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.43164px; display: inline-block;">2</span><span style="word-spacing: 0.43875px; letter-spacing: -0.43875px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 11.0215px; display: inline-block;">73</span><span style="word-spacing: 0.43875px; letter-spacing: -0.43875px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 8.17383px; display: inline-block;">.6</span><span style="word-spacing: 0.43875px; letter-spacing: -0.43875px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.49023px; display: inline-block;">5</span></span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Employ<span class="_ _2"/>ee recognition</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In recognition of the contribution ma<span class="_ _3"/>de by DFDS’ employ<span class="_ _3"/>ees in a year with e<span class="_ _3"/>xceptional challenges, the Boar<span class="_ _2"/>d of<span class="_ _4"/> <span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Directors has 22 December 2020 a<span class="_ _2"/>warded up to 50 shar<span class="_ _3"/>es free of char<span class="_ _3"/>ge to each employ<span class="_ _2"/>ee. The shares hav<span class="_ _3"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">vested o<span class="_ _3"/>ver a three-<span class="_ _3"/>year period from January 2021 to December 2023 on a str<span class="_ _2"/>aight-line basis. Only emplo<span class="_ _2"/>yees </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">working thr<span class="_ _3"/>ough the full vesting period ar<span class="_ _3"/>e entitled to the shares. Emplo<span class="_ _3"/>yees working mor<span class="_ _2"/>e than 24 hours per week </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">will get 50 shares, if the<span class="_ _2"/>y work more than 12 hours and up to 24 hours per w<span class="_ _3"/>eek, they get 30 shar<span class="_ _2"/>es and if they work </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">up to 12 hours per week, the<span class="_ _3"/>y get 10 shares. If an emplo<span class="_ _2"/>yee retir<span class="_ _3"/>es or leaves his job beca<span class="_ _3"/>use of disability during the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">period until December 2023 the employ<span class="_ _3"/>ee is entitled to the full number of shares when the emplo<span class="_ _3"/>yee leav<span class="_ _2"/>es. The<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">shares ar<span class="_ _2"/>e in most countries awarded as a phant<span class="_ _3"/>om share pr<span class="_ _3"/>ogramme wher<span class="_ _3"/>eby the entitled emplo<span class="_ _3"/>yees will receiv<span class="_ _2"/>e<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">a cash payment in December 2023 equal to the v<span class="_ _3"/>alue of 50 DFDS shares. A part of the tr<span class="_ _3"/>easury shares is r<span class="_ _3"/>eserved </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">for settling the outst<span class="_ _3"/>anding shares in the employ<span class="_ _2"/>ee recognition progr<span class="_ _3"/>amme.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In total 8<span class="_ _2"/>,289 employees are a<span class="_ _3"/>t awar<span class="_ _2"/>d date entitled to the shares. Based on historical a<span class="_ _3"/>ttrition r<span class="_ _3"/>ates for each </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">country the total expec<span class="_ _3"/>ted number of shares to be tr<span class="_ _2"/>ansferred to the employ<span class="_ _3"/>ees is 282,<span class="_ _24e"/>723 of which 168,1<span class="_ _24e"/>76 ar<span class="_ _2"/>e<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">phantom shares (<span class="_ _2"/>cash) and 114,<span class="_ _3"/>54<span class="_ _2"/>7 are shares.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">37<span class="_ _26"/>,067 shares ha<span class="_ _2"/>ve been transferr<span class="_ _3"/>ed during 2023 (2022: 1,<span class="_ _24e"/>790 shares). V<span class="_ _2"/>esting of shares for 2023 is an expense of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DKK 13m (2022: DKK 19m).</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Expected </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">annual </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">dividends </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Fair value <span class="_ _2d"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Marke<span class="_ _3"/>t </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Risk<span class="_ _2"/>-free </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">per share </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">per share <span class="_ _2d"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Exer<span class="_ _3"/>cise <span class="_ _2b"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">price at </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Expected <span class="_ _2b"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">interest </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(DKK) at </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Expected <span class="_ _2b"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">at time of <span class="_ _2d"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Y<span class="_ _24e"/>ear of grant</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">price</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">grant da<span class="_ _3"/>te</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">vola<span class="_ _2"/>tility</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">rate</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">grant <span class="_ _fe"> </span>date </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">term</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">granting</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2020 Special Rewar<span class="_ _2"/>d<span class="_ _188"> </span>0 <span class="_ _5e"> </span>267<span class="_ _2"/>.<span class="_ _3"/>00<span class="_ _75"> </span>34.87%<span class="_ _5f"> </span>-0<span class="_ _3"/>.<span class="_ _3"/>55%<span class="_ _c0"> </span><span class="ls18 ws1b">6.3<span class="_ _4"/>3<span class="_ _7f"> </span></span> 3 years <span class="_ _5f"> </span><span class="ls27 ws2a">2<span class="_ _4d"/>4<span class="_ _4d"/>7.<span class="_ _4"/>8<span class="_ _4d"/>7</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> Accounting <span class="_ _4c"> </span>policies<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Group has set up equity<span class="_ _2"/>-settled share option plans and RSUs. T<span class="_ _24e"/>reasury shares ar<span class="_ _2"/>e used for the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">share option plans and the RSUs. The v<span class="_ _2"/>alue of ser<span class="_ _4"/>vices receiv<span class="_ _3"/>ed in ex<span class="_ _3"/>change for gran<span class="_ _3"/>ted share based </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">payment is measur<span class="_ _3"/>ed at the fair v<span class="_ _3"/>alue of the share based pa<span class="_ _2"/>yment granted.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The equity-set<span class="_ _3"/>tled share options and RSUs ar<span class="_ _2"/>e measured at the fair v<span class="_ _3"/>alue at gr<span class="_ _3"/>ant date and r<span class="_ _3"/>ecognised </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in the income statement under sta<span class="_ _3"/>ff costs over the v<span class="_ _3"/>esting period. The counter posting is recognised </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">directl<span class="_ _2"/>y in equity as a shareholder transa<span class="_ _3"/>ction. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">At initial r<span class="_ _2"/>ecognition of the share options, an estimate is made o<span class="_ _2"/>ver the number of share based </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">payment tha<span class="_ _3"/>t the employees will v<span class="_ _3"/>est, cf<span class="_ _2"/>. the ser<span class="_ _4"/>vice conditions described above in this no<span class="_ _3"/>te. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Subsequent to initial recognition, the estima<span class="_ _2"/>te of share based payments to be v<span class="_ _3"/>ested is adjusted </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">whereb<span class="_ _3"/>y the total r<span class="_ _3"/>ecognition is based on the actual number of vested shar<span class="_ _2"/>e based payments.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The fair value of the gr<span class="_ _2"/>anted share options is calculated using the Bla<span class="_ _3"/>ck<span class="_ _2"/>-Scholes option-pricing model. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">T<span class="_ _24e"/>erms and conditions for each grant ar<span class="_ _2"/>e taken into account when calculating the f<span class="_ _3"/>air value.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The share based pa<span class="_ _3"/>yment progr<span class="_ _2"/>ammes are recognised at f<span class="_ _3"/>air value o<span class="_ _3"/>ver the vesting period and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">expensed as sta<span class="_ _3"/>ff cost. The accrual is recor<span class="_ _3"/>ded under other pay<span class="_ _3"/>ables or on equity depending on </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">whether settlement is done in cash or shar<span class="_ _2"/>es, respectivel<span class="_ _2"/>y.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">5<span class="_ _2"/>.2 <span class="_ _3c"> </span>Fee to A<span class="_ _2"/>uditors appointed at the Annual Gener<span class="_ _3"/>al Meeting</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:99.685546875px;"><span style="position: absolute; display: inline-block; left: 0px; top: 0.0097656px; width: 519.645px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 56.5605px; display: inline-block;">DKK million </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 370.207px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 24.8379px; display: inline-block;">2023</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.244px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 23.7949px; display: inline-block;">2022</span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 22.0254px; width: 521.771px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 46.7754px; display: inline-block;">Audit fees</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 390.405px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 7.64648px; display: inline-block;">-1</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.23828px; display: inline-block;">2</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 50.4727px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 12.5508px; display: inline-block;">11 </span></span><span style="position: absolute; display: inline-block; left: 147px; top: 39.1152px; width: 3.28125px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 5.68425px; font-family: ffa; -webkit-text-stroke-width: 0.0852637px;"><span style="width: 3.28125px; display: inline-block;">1</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 37.2441px; width: 146.936px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 136.506px; display: inline-block;">Other assurance engagemen</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 10.8926px; display: inline-block;">ts </span></span><span style="position: absolute; display: inline-block; left: 151.773px; top: 38.7441px; width: 369.463px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ffa; -webkit-text-stroke-width: 0.14625px;"><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 292.857px; font-size: 9.75px; font-family: ffa; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 57.5977px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span></span></span><span style="position: absolute; display: inline-block; left: 93.0938px; top: 54.334px; width: 3.58008px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 5.68425px; font-family: ffa; -webkit-text-stroke-width: 0.0852637px;"><span style="width: 3.58008px; display: inline-block;">2</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 52.4629px; width: 92.6191px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.95898px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 40.623px; display: inline-block;">ax and V</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 6.70898px; display: inline-block;">A</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 41.9004px; display: inline-block;">T advice </span></span><span style="position: absolute; display: inline-block; left: 442.547px; top: 52.4629px; width: 80.0801px; white-space: pre; word-spacing: 0.0975px; letter-spacing: -0.0975px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 9.61523px; display: inline-block;">-3</span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; width: 54.6386px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 4.42969px; display: inline-block;"> </span>-2</span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="position: absolute; display: inline-block; left: 89.5469px; top: 69.5527px; width: 3.72656px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 5.68425px; font-family: ffa; -webkit-text-stroke-width: 0.0852637px;"><span style="width: 3.72656px; display: inline-block;">3</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 67.6816px; width: 89.9355px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 89.9355px; display: inline-block;">Non-audit services </span></span><span style="position: absolute; display: inline-block; left: 442.547px; top: 67.666px; width: 79.6758px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 9.67383px; display: inline-block;">-5</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 4.42969px; display: inline-block;"> </span>-1</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 88.4453px; width: 521.449px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 45.6621px; display: inline-block;">otal fees </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 384.919px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.51675px; letter-spacing: -0.51675px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 8.74805px; display: inline-block;">-2</span><span style="word-spacing: 0.51675px; letter-spacing: -0.51675px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.87109px; display: inline-block;">0</span><span style="word-spacing: 0.51675px; letter-spacing: -0.51675px; display: inline-block; margin-left: 0px; width: 51.5917px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span><span style="word-spacing: 0.45825px; letter-spacing: -0.45825px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span>-1</span><span style="word-spacing: 0.45825px; letter-spacing: -0.45825px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.86523px; display: inline-block;">4</span><span style="word-spacing: 0.45825px; letter-spacing: -0.45825px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span></span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Fees for services other than the statut<span class="_ _3"/>ory audit of the financial statements pr<span class="_ _3"/>ovided by Price<span class="_ _2"/>waterhouseCoopers </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Statsautoriser<span class="_ _2"/>et Revisionspartnerselskab, Denmark amounted to DKK 1.<span class="_ _2"/>3m (2022: DKK 1.1m) including other </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">assurance opinions and agr<span class="_ _2"/>eed-upon procedures, as w<span class="_ _3"/>ell as tax and accounting advice.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">1 <span class="_ _3a"> </span>Other assurance engage<span class="ls0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ments amount to DKK 0<span class="_ _2"/>.2m </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(2022: DKK 0<span class="_ _2"/>.4m) and <span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">includes agr<span class="_ _3"/>eed-upon pro<span class="ls0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">cedures r<span class="_ _2"/>equired by law<span class="_ _24e"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2 <span class="_ _3b"> </span>T<span class="_ _2"/>ax and V<span class="_ _2"/>A<span class="_ _3"/>T advice </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">amounts to DKK 3<span class="_ _3"/>.4m (2022: </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DKK 1.<span class="_ _24e"/>7m) and comprises<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">work r<span class="_ _3"/>elated to r<span class="_ _3"/>estructur<span class="_ _3"/><span class="ls0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ing, tax advisory and other </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">tax compliance.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">3 <span class="_ _3b"> </span>Non-audit services amount </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to DKK 5<span class="_ _3"/>.2m (2022: DKK </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">1.1m) and primarily com<span class="ls0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">prise advice in rela<span class="_ _2"/>tion to<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">acquisition of enterprises.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">5<span class="_ _2"/>.3 <span class="_ _50"> </span>Share based pa<span class="_ _2"/>yment</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Long-term incentiv<span class="_ _3"/>es</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The decision to grant long-<span class="_ _2"/>term incentives is made by the Boar<span class="_ _3"/>d of Directors with consider<span class="_ _2"/>ation to DFDS' </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">remuner<span class="_ _2"/>ation policy appro<span class="_ _3"/>ved by the Annual Gener<span class="_ _2"/>al Meeting. With effect from 2021 the long-<span class="_ _3"/>term incentives for </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the Executiv<span class="_ _3"/>e Board and k<span class="_ _3"/>ey employ<span class="_ _3"/>ees consist of two components, Shar<span class="_ _3"/>e options and Restricted Shar<span class="_ _3"/>e Units </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(RSUs) where the a<span class="_ _2"/>ward is split 50/50 based on value as per gr<span class="_ _2"/>ant date. In 2023 a further group of k<span class="_ _3"/>ey employ<span class="_ _3"/>ees </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">wer<span class="_ _3"/>e granted long-<span class="_ _2"/>term incentives in the form of RSUs. All components vest on a str<span class="_ _3"/>aight-line basis o<span class="_ _2"/>ver three years </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">from the da<span class="_ _3"/>te of grant. Special conditions appl<span class="_ _2"/>y regarding illness and dea<span class="_ _3"/>th and if the capital structure of the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Paren<span class="_ _3"/>t company is changed. Share options and R<span class="_ _3"/>SUs granted can onl<span class="_ _2"/>y be settled with shares. A part of the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">treasury shar<span class="_ _3"/>es is reserved for se<span class="_ _3"/>ttling the outstanding shar<span class="_ _3"/>e options, RSUs and phantom shares.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Share options</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Share options ha<span class="_ _2"/>ve been granted to the Ex<span class="_ _3"/>ecutive Boar<span class="_ _3"/>d and key emplo<span class="_ _2"/>yees. Each share option giv<span class="_ _2"/>es the holder<span class="_ _4"/> <span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of the option the right to acquir<span class="_ _2"/>e one existing share in the Par<span class="_ _2"/>ent company of nominal DKK 20<span class="_ _3"/>. The share option </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">schemes equal a right to acquir<span class="_ _3"/>e 1.<span class="_ _3"/>9% of the share capital (2022: 2.<span class="_ _2"/>0%) if all remaining share op<span class="_ _3"/>tions are e<span class="_ _3"/>xer<span class="_ _3"/>cised.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Share options w<span class="_ _2"/>ere granted in 2016-<span class="_ _24e"/>2020 at an ex<span class="_ _3"/>ercise price equal to the a<span class="_ _3"/>ver<span class="_ _3"/>age share price of the P<span class="_ _3"/>arent </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">company’s shar<span class="_ _2"/>es 20 days befor<span class="_ _3"/>e the grant with an addition of 1<span class="_ _3"/>0%. Share options ar<span class="_ _2"/>e granted in 2021 and later a<span class="_ _3"/>t </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">an ex<span class="_ _2"/>ercise price equal to the aver<span class="_ _2"/>age share price of the Par<span class="_ _3"/>ent company’s shar<span class="_ _2"/>es five days after the r<span class="_ _2"/>elease of the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Q4 report with an addition of 10%.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The share options can be e<span class="_ _2"/>xercised when a minimum of thr<span class="_ _3"/>ee years and a maximum of fiv<span class="_ _3"/>e years hav<span class="_ _3"/>e elapsed </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">since the grant da<span class="_ _3"/>tes.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:485.705078125px;"><span style="position: absolute; display: inline-block; left: 494.328px; top: 0.0078125px; width: 24.8379px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 24.8379px; display: inline-block;">2023</span></span><span style="position: absolute; display: inline-block; left: 338.922px; top: 22.0234px; width: 46.2012px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 46.2012px; display: inline-block;">Resigned </span></span><span style="position: absolute; display: inline-block; left: 337.141px; top: 34.0234px; width: 47.918px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 40.9336px; display: inline-block;">Executiv</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 7.85156px; display: inline-block;">e </span></span><span style="position: absolute; display: inline-block; left: 354.094px; top: 46.0391px; width: 31.1133px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 31.1133px; display: inline-block;">Board </span></span><span style="position: absolute; display: inline-block; left: 478.906px; top: 46.0391px; width: 41.9297px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 7.20703px; display: inline-block;">A</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 21.7148px; display: inline-block;">vera</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 13.9629px; display: inline-block;">ge </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 338.922px; top: 58.0391px; width: 46.6055px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 46.6055px; display: inline-block;">members </span></span><span style="position: absolute; display: inline-block; left: 478.906px; top: 58.0391px; width: 41.5488px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 11.4492px; display: inline-block;">ex</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 30.9668px; display: inline-block;">ercise </span></span><span style="position: absolute; display: inline-block; left: 201.828px; top: 70.0234px; width: 47.8887px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 40.9336px; display: inline-block;">Executiv</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 7.85156px; display: inline-block;">e </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 298.203px; top: 70.0234px; width: 19.248px; white-space: pre; word-spacing: 0.4095px; letter-spacing: -0.4095px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 16.8223px; display: inline-block;">Key</span><span style="word-spacing: 0.4095px; letter-spacing: -0.4095px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span><span style="word-spacing: 0.4095px; letter-spacing: -0.4095px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="position: absolute; display: inline-block; left: 364.938px; top: 70.0391px; width: 20.5488px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 20.5488px; display: inline-block;">and </span></span><span style="position: absolute; display: inline-block; left: 476.172px; top: 70.0547px; width: 44.0918px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 44.0918px; display: inline-block;">price per </span></span><span style="position: absolute; display: inline-block; left: 217.375px; top: 82.0234px; width: 31.1133px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 31.1133px; display: inline-block;">Board </span></span><span style="position: absolute; display: inline-block; left: 263.094px; top: 82.0234px; width: 53.2969px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 35.4316px; display: inline-block;">employ</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.7324px; display: inline-block;">ees </span></span><span style="position: absolute; display: inline-block; left: 330.531px; top: 82.0391px; width: 53.2969px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 35.4316px; display: inline-block;">employ</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.7324px; display: inline-block;">ees </span></span><span style="position: absolute; display: inline-block; left: 488.844px; top: 82.0547px; width: 32.332px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 32.3613px; display: inline-block;">option </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 208.922px; top: 94.0391px; width: 38.0859px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 38.0859px; display: inline-block;">Number</span></span><span style="position: absolute; display: inline-block; left: 277.391px; top: 94.0391px; width: 38.0859px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 38.0859px; display: inline-block;">Number</span></span><span style="position: absolute; display: inline-block; left: 344.031px; top: 94.0391px; width: 105.902px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 38.0859px; display: inline-block;">Number</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.3534px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.2891px; display: inline-block;">otal</span></span><span style="position: absolute; display: inline-block; left: 499.094px; top: 94.0547px; width: 20.4785px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 20.4785px; display: inline-block;">DKK</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 116.041px; width: 519.691px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 118.57px; display: inline-block;">Outstanding at 1 January</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 92.1739px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 19.9395px; display: inline-block;">412,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 17.2383px; display: inline-block;">341</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.9414px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 17.7891px; display: inline-block;">555</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 2.90039px; display: inline-block;">,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.2871px; display: inline-block;">590</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.2832px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 17.0742px; display: inline-block;">187</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 21.2109px; display: inline-block;">,466</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 20.4317px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 29.2324px; display: inline-block;">1,155,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.7031px; display: inline-block;">397</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.0664px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 20.1973px; display: inline-block;">331.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 11.9883px; display: inline-block;">76</span></span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 131.26px; width: 519.727px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.95898px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 63.0352px; display: inline-block;">ransferred be</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 80.9062px; display: inline-block;">tween categories</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 93.0761px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.6641px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 3.74414px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.62px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 31.4297px; display: inline-block;">71,010</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.0664px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 13.8984px; display: inline-block;">71,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 17.5312px; display: inline-block;">010</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6406px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.38672px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.4199px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="width: 32.9766px; display: inline-block;">332.84</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 146.479px; width: 519.656px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 95.4258px; display: inline-block;">Granted during the y</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 15.7383px; display: inline-block;">ear</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 106.26px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.96525px; letter-spacing: -0.96525px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.19141px; display: inline-block;">6</span><span style="word-spacing: 0.96525px; letter-spacing: -0.96525px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 12.0059px; display: inline-block;">9,7</span><span style="word-spacing: 0.96525px; letter-spacing: -0.96525px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.2207px; display: inline-block;">0</span><span style="word-spacing: 0.96525px; letter-spacing: -0.96525px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 4.86914px; display: inline-block;">7</span><span style="word-spacing: 0.96525px; letter-spacing: -0.96525px; display: inline-block; margin-left: 0px; width: 31.9102px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 20.0098px; display: inline-block;">128,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 17.8652px; display: inline-block;">532</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6406px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1836px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 39.9375px; display: inline-block;">198,239</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.0391px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="width: 33.1699px; display: inline-block;">292.00</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 161.697px; width: 519.539px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 91.8281px; display: inline-block;">Expired during the y</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 15.7383px; display: inline-block;">ear</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 105.064px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 15.9258px; display: inline-block;">-49</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.998px; display: inline-block;">,213</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 33.0469px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 15.5039px; display: inline-block;">-57</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 21.2988px; display: inline-block;">,630</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.2832px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 36.6914px; display: inline-block;">-98,245</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 24.6738px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 3.70898px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 40.5527px; display: inline-block;">205,088</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.6641px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 21.0996px; display: inline-block;">383.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 12.3633px; display: inline-block;">00</span></span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 176.916px; width: 519.773px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 98.8008px; display: inline-block;">Forfeited during the y</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 15.7383px; display: inline-block;">ear</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 99.5685px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 3.74414px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 13.9922px; display: inline-block;">15,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 17.4141px; display: inline-block;">301</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.748px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 3.74414px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.748px; display: inline-block;">2,67</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.92969px; display: inline-block;">5</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.5469px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.7969px; display: inline-block;">-6,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.3984px; display: inline-block;">968</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.2832px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 3.70898px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 34.3828px; display: inline-block;">24,944</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.8946px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 11.9004px; display: inline-block;">37</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 21.1582px; display: inline-block;">4.80</span></span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 197.68px; width: 519.574px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 136.846px; display: inline-block;">Outstanding at 31 December</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 73.254px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 11.8477px; display: inline-block;">41</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 6.0293px; display: inline-block;">7</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 21.709px; display: inline-block;">,534</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1836px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 39.9961px; display: inline-block;">552,807</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1836px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 39.6562px; display: inline-block;">153,263</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 19.7285px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 48.4512px; display: inline-block;">1,123,604</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.6641px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 20.918px; display: inline-block;">315.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 12.6797px; display: inline-block;">93</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 219.666px; width: 519.838px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24375px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 40.7871px; display: inline-block;">Of this ex</span><span style="word-spacing: 0px; letter-spacing: -0.24375px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 137.051px; display: inline-block;">ercisable at the end of the year</span><span style="word-spacing: 0px; letter-spacing: -0.24375px; display: inline-block; margin-left: 0px; width: 32.6719px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 38.0977px; display: inline-block;">241,586</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.3027px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 18.0879px; display: inline-block;">263</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 21.3047px; display: inline-block;">,939</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 30.6621px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 20.0566px; display: inline-block;">135,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 17.877px; display: inline-block;">528</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.5645px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 39.9902px; display: inline-block;">641,053</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.8946px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="width: 17.4082px; display: inline-block;">319</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 15.1465px; display: inline-block;">.30</span></span></span><span style="position: absolute; display: inline-block; left: 494.328px; top: 254.775px; width: 23.7949px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 23.7949px; display: inline-block;">2022</span></span><span style="position: absolute; display: inline-block; left: 338.922px; top: 276.82px; width: 46.2012px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 46.2012px; display: inline-block;">Resigned </span></span><span style="position: absolute; display: inline-block; left: 337.141px; top: 288.82px; width: 47.918px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 40.9336px; display: inline-block;">Executiv</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 7.85156px; display: inline-block;">e </span></span><span style="position: absolute; display: inline-block; left: 354.094px; top: 300.82px; width: 31.1133px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 31.1133px; display: inline-block;">Board </span></span><span style="position: absolute; display: inline-block; left: 478.906px; top: 300.836px; width: 41.9297px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 7.20703px; display: inline-block;">A</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 21.7148px; display: inline-block;">vera</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 13.9629px; display: inline-block;">ge </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 338.922px; top: 312.82px; width: 46.6055px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 46.6055px; display: inline-block;">members </span></span><span style="position: absolute; display: inline-block; left: 478.906px; top: 312.836px; width: 41.5488px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 11.4492px; display: inline-block;">ex</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 30.9668px; display: inline-block;">ercise </span></span><span style="position: absolute; display: inline-block; left: 201.828px; top: 324.82px; width: 47.8887px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 40.9336px; display: inline-block;">Executiv</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 7.85156px; display: inline-block;">e </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 298.203px; top: 324.82px; width: 19.248px; white-space: pre; word-spacing: 0.4095px; letter-spacing: -0.4095px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 16.8223px; display: inline-block;">Key</span><span style="word-spacing: 0.4095px; letter-spacing: -0.4095px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span><span style="word-spacing: 0.4095px; letter-spacing: -0.4095px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="position: absolute; display: inline-block; left: 364.938px; top: 324.82px; width: 20.5488px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 20.5488px; display: inline-block;">and </span></span><span style="position: absolute; display: inline-block; left: 476.172px; top: 324.836px; width: 44.0918px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 44.0918px; display: inline-block;">price per </span></span><span style="position: absolute; display: inline-block; left: 217.375px; top: 336.82px; width: 31.1133px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 31.1133px; display: inline-block;">Board </span></span><span style="position: absolute; display: inline-block; left: 263.094px; top: 336.82px; width: 53.2969px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 35.4316px; display: inline-block;">employ</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.7324px; display: inline-block;">ees </span></span><span style="position: absolute; display: inline-block; left: 330.531px; top: 336.82px; width: 53.2969px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 35.4316px; display: inline-block;">employ</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.7324px; display: inline-block;">ees </span></span><span style="position: absolute; display: inline-block; left: 488.844px; top: 336.836px; width: 32.332px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 32.3613px; display: inline-block;">option </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 208.922px; top: 348.82px; width: 38.0859px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 38.0859px; display: inline-block;">Number</span></span><span style="position: absolute; display: inline-block; left: 277.391px; top: 348.82px; width: 38.0859px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 38.0859px; display: inline-block;">Number</span></span><span style="position: absolute; display: inline-block; left: 344.031px; top: 348.836px; width: 105.902px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 38.0859px; display: inline-block;">Number</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.3534px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.2891px; display: inline-block;">otal</span></span><span style="position: absolute; display: inline-block; left: 499.094px; top: 348.836px; width: 20.4785px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 20.4785px; display: inline-block;">DKK</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 370.822px; width: 522.152px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 118.57px; display: inline-block;">Outstanding at 1 January</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.9102px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 37</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.92969px; display: inline-block;">5</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 23.2852px; display: inline-block;">,305 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 24.6738px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 626,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.3027px; display: inline-block;">362 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 23.8828px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 155,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.2441px; display: inline-block;">426 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 15.498px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> 1,15</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 6.0293px; display: inline-block;">7</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 24.0938px; display: inline-block;">,093 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 32.6719px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 35.6074px; display: inline-block;">336.36 </span></span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 386.041px; width: 521.426px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.95898px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 63.0352px; display: inline-block;">ransferred be</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 80.9062px; display: inline-block;">tween categories</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 88.3534px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 24.6738px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.1016px; display: inline-block;">112,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.2266px; display: inline-block;">794 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.9414px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 19.1016px; display: inline-block;">112,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.2266px; display: inline-block;">794 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.6641px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="width: 17.9648px; display: inline-block;">337</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 8.73047px; display: inline-block;">.7</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 8.29102px; display: inline-block;">8 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 401.26px; width: 521.777px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 95.4258px; display: inline-block;">Granted during the y</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 15.7383px; display: inline-block;">ear</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 103.143px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 64,81</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 8.2207px; display: inline-block;">4 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 27.6211px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 111,892 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.3185px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 24.2754px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.28275px; letter-spacing: -0.28275px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 4.11914px; display: inline-block;"> </span>1</span><span style="word-spacing: 0.28275px; letter-spacing: -0.28275px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 14.5195px; display: inline-block;">76,</span><span style="word-spacing: 0.28275px; letter-spacing: -0.28275px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 11.8477px; display: inline-block;">70</span><span style="word-spacing: 0.28275px; letter-spacing: -0.28275px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 8.14453px; display: inline-block;">6 </span><span style="word-spacing: 0.28275px; letter-spacing: -0.28275px; display: inline-block; margin-left: 0px; width: 31.9102px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> 301.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 14.5781px; display: inline-block;">00 </span></span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 416.479px; width: 521.572px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 91.8281px; display: inline-block;">Expired during the y</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 15.7383px; display: inline-block;">ear</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 102.732px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 1.17px; letter-spacing: -1.17px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 4.42969px; display: inline-block;"> </span>-</span><span style="word-spacing: 1.17px; letter-spacing: -1.17px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 4.70508px; display: inline-block;">2</span><span style="word-spacing: 1.17px; letter-spacing: -1.17px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 6.38672px; display: inline-block;">7,</span><span style="word-spacing: 1.17px; letter-spacing: -1.17px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 4.66406px; display: inline-block;">7</span><span style="word-spacing: 1.17px; letter-spacing: -1.17px; display: inline-block; margin-left: 0px; width: 1.38867px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="width: 4.66406px; display: inline-block;">7</span><span style="word-spacing: 1.17px; letter-spacing: -1.17px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 4.9043px; display: inline-block;">8</span><span style="word-spacing: 1.17px; letter-spacing: -1.17px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span><span style="word-spacing: 1.17px; letter-spacing: -1.17px; display: inline-block; margin-left: 0px; width: 29.3027px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> -41,12</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 8.2207px; display: inline-block;">4 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 25.2304px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -60,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.127px; display: inline-block;">922 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 23.8828px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 3.70898px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 17.9824px; display: inline-block;">129</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 23.7363px; display: inline-block;">,824 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 32.6719px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 21.3164px; display: inline-block;">390.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 14.5781px; display: inline-block;">00 </span></span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 431.697px; width: 521.941px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 98.8008px; display: inline-block;">Forfeited during the y</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 15.7383px; display: inline-block;">ear</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 122.789px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 27.2109px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -28</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 2.90039px; display: inline-block;">,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.83594px; display: inline-block;">7</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 14.373px; display: inline-block;">46 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.2832px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 15.0879px; display: inline-block;">-19</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 23.1211px; display: inline-block;">,832 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 24.6738px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.32175px; letter-spacing: -0.32175px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 4.11914px; display: inline-block;"> </span>-</span><span style="word-spacing: 0.32175px; letter-spacing: -0.32175px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 6px; display: inline-block;">4</span><span style="word-spacing: 0.32175px; letter-spacing: -0.32175px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 26.1211px; display: inline-block;">8,578</span><span style="word-spacing: 0.32175px; letter-spacing: -0.32175px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span><span style="word-spacing: 0.32175px; letter-spacing: -0.32175px; display: inline-block; margin-left: 0px; width: 35.0391px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span></span></span><span style="word-spacing: 0.96525px; letter-spacing: -0.96525px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.10352px; display: inline-block;">3</span><span style="word-spacing: 0.96525px; letter-spacing: -0.96525px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 4.86914px; display: inline-block;">7</span><span style="word-spacing: 0.96525px; letter-spacing: -0.96525px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.10352px; display: inline-block;">3</span><span style="word-spacing: 0.96525px; letter-spacing: -0.96525px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 6.79688px; display: inline-block;">.7</span><span style="word-spacing: 0.96525px; letter-spacing: -0.96525px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.2207px; display: inline-block;">0</span><span style="word-spacing: 0.96525px; letter-spacing: -0.96525px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 452.477px; width: 521.906px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 136.846px; display: inline-block;">Outstanding at 31 December</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 71.8185px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 41.0977px; display: inline-block;">412,341 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 23.8828px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 555,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.9355px; display: inline-block;">590 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 23.4727px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 187</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.62px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 24.0879px; display: inline-block;">,466 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 18.6797px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 41.9062px; display: inline-block;">1,155,39</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 8.08594px; display: inline-block;">7 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.9102px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 331.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 14.4551px; display: inline-block;">76 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 474.463px; width: 210.516px; white-space: pre; word-spacing: 0px; letter-spacing: -0.24375px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 40.7871px; display: inline-block;">Of this ex</span><span style="word-spacing: 0px; letter-spacing: -0.24375px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 137.051px; display: inline-block;">ercisable at the end of the year</span><span style="word-spacing: 0px; letter-spacing: -0.24375px; display: inline-block; margin-left: 0px; width: 33.5449px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="position: absolute; display: inline-block; left: 210.516px; top: 474.463px; width: 311.051px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 19.1016px; display: inline-block;">112,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.5078px; display: inline-block;">863 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.3027px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 17.2676px; display: inline-block;">159</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 22.0781px; display: inline-block;">,125 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 23.4727px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 136,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.6133px; display: inline-block;">689 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 24.2754px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> 408,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.4785px; display: inline-block;">677 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 33.5449px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 21.041px; display: inline-block;">356.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 14.543px; display: inline-block;">96 </span></span></span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The share options gr<span class="_ _2"/>anted in 2023 had a fair value of DKK 11.<span class="_ _2"/>0m (2022: DKK 7<span class="_ _24e"/>.3m), equal to an av<span class="_ _3"/>erage f<span class="_ _3"/>air value </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">per option of DKK 55<span class="_ _2"/>.59 (2022: DKK 41.38).</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">No share options ha<span class="_ _2"/>ve been exer<span class="_ _2"/>cised during 2023 (2022: nil).</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">V<span class="_ _3"/>esting of share options is e<span class="_ _2"/>xpensed in the income statement for 2023 with DKK 8m (2022: DKK 7m). The calculated </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">fair values ar<span class="_ _2"/>e based on the Black<span class="_ _3"/>-Scholes formula for measuring shar<span class="_ _3"/>e options. The outstanding options on 31 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">December 2023 hav<span class="_ _3"/>e an aver<span class="_ _2"/>age weighted remaining contr<span class="_ _2"/>actual time of 1.9 y<span class="_ _3"/>ears (2022: 2.1 years).</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Assumptions concerning the calculation of fair v<span class="_ _2"/>alue at time of grant:</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:169.345703125px;"><span style="position: absolute; display: inline-block; left: 348.812px; top: 0.0078125px; width: 47.0684px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 47.0684px; display: inline-block;">Expected </span></span><span style="position: absolute; display: inline-block; left: 360.688px; top: 12.0078px; width: 35.5781px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 35.5781px; display: inline-block;">annual </span></span><span style="position: absolute; display: inline-block; left: 348.812px; top: 24.0078px; width: 48.0586px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 48.0586px; display: inline-block;">dividends </span></span><span style="position: absolute; display: inline-block; left: 472.359px; top: 24.0234px; width: 48.8203px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 49.248px; display: inline-block;">Fair value </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.49588px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 172.562px; top: 36.0078px; width: 35.8242px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 30.3926px; display: inline-block;">Marke</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.89453px; display: inline-block;">t </span></span><span style="position: absolute; display: inline-block; left: 289.203px; top: 36.0078px; width: 43.6758px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 20.2617px; display: inline-block;">Risk</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 24.709px; display: inline-block;">-free </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.49588px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 348.812px; top: 36.0078px; width: 46.9395px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 46.9395px; display: inline-block;">per share </span></span><span style="position: absolute; display: inline-block; left: 470.828px; top: 36.0234px; width: 50.1738px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 50.2031px; display: inline-block;">per option </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 102.516px; top: 48.0078px; width: 41.9355px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 21.082px; display: inline-block;">Exer</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 21.3457px; display: inline-block;">cise </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 170.734px; top: 48.0078px; width: 38.625px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 38.625px; display: inline-block;">price at </span></span><span style="position: absolute; display: inline-block; left: 223.859px; top: 48.0078px; width: 47.0391px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 47.0684px; display: inline-block;">Expected </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 294.641px; top: 48.0078px; width: 38.2324px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 38.6602px; display: inline-block;">interest </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.49588px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 353.969px; top: 48.0078px; width: 41.9297px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 41.9297px; display: inline-block;">(DKK) at </span></span><span style="position: absolute; display: inline-block; left: 411.516px; top: 48.0078px; width: 47.0391px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 47.0684px; display: inline-block;">Expected </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 474.672px; top: 48.0234px; width: 47.1152px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 47.1152px; display: inline-block;">at time of </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 60.0078px; width: 61.0078px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.45703px; display: inline-block;">Y</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 55.793px; display: inline-block;">ear of grant</span></span><span style="position: absolute; display: inline-block; left: 119.125px; top: 60.0078px; width: 24.1934px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 24.1934px; display: inline-block;">price</span></span><span style="position: absolute; display: inline-block; left: 156.078px; top: 60.0078px; width: 49.9688px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 40.8047px; display: inline-block;">grant da</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 9.62695px; display: inline-block;">te</span></span><span style="position: absolute; display: inline-block; left: 226.766px; top: 60.0078px; width: 41.6484px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 21.0645px; display: inline-block;">vola</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 21.4512px; display: inline-block;">tility</span></span><span style="position: absolute; display: inline-block; left: 312.75px; top: 60.0078px; width: 19.0078px; white-space: pre; word-spacing: 0.234px; letter-spacing: -0.234px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 19.0078px; display: inline-block;">rate</span></span><span style="position: absolute; display: inline-block; left: 344.531px; top: 60.0234px; width: 49.9688px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 40.8047px; display: inline-block;">grant da</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 9.62695px; display: inline-block;">te</span></span><span style="position: absolute; display: inline-block; left: 433.984px; top: 60.0234px; width: 22.4004px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 22.4004px; display: inline-block;">term</span></span><span style="position: absolute; display: inline-block; left: 478.203px; top: 60.0234px; width: 40.6523px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 40.6523px; display: inline-block;">granting</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 82.0098px; width: 519.598px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 23.9883px; display: inline-block;">2023</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 101.215px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 17.9121px; display: inline-block;">292</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 30.6621px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 18.1992px; display: inline-block;">269</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 15.0879px; display: inline-block;">.40</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 27.6211px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 15.0352px; display: inline-block;">38.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.6836px; display: inline-block;">66%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.6641px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.76562px; display: inline-block;">2.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.3789px; display: inline-block;">79%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.5741px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.585px; letter-spacing: -0.585px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 13.4941px; display: inline-block;">9.0</span><span style="word-spacing: 0.585px; letter-spacing: -0.585px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.60156px; display: inline-block;">0</span><span style="word-spacing: 0.585px; letter-spacing: -0.585px; display: inline-block; margin-left: 0px; width: 29.3027px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 34.1074px; display: inline-block;">3 years</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.4922px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 14.7539px; display: inline-block;">55.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 12.1055px; display: inline-block;">59</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 97.2285px; width: 521.807px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 23.7949px; display: inline-block;">2022</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 101.215px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 18.082px; display: inline-block;">344</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.2832px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 18.082px; display: inline-block;">307</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.62px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 17.1621px; display: inline-block;">.20 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 25.2304px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 35.6777px; display: inline-block;">34.60%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 30.6621px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 9.92578px; display: inline-block;">-0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 22.6113px; display: inline-block;">.19%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.0664px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 13.9336px; display: inline-block;">12.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 12.3633px; display: inline-block;">00</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 26.4961px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 3 years </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.6641px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 14.0742px; display: inline-block;">41.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 14.3555px; display: inline-block;">38 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 112.447px; width: 522.07px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 23.0918px; display: inline-block;">2021</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 102.732px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 17.4141px; display: inline-block;">301</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.2832px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 19.7637px; display: inline-block;">271.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 14.5781px; display: inline-block;">00 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 26.4961px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 34.5879px; display: inline-block;">34.81%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 30.6621px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 9.92578px; display: inline-block;">-0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 23.1328px; display: inline-block;">.55%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.43875px; letter-spacing: -0.43875px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 13.7988px; display: inline-block;">6.3</span><span style="word-spacing: 0.43875px; letter-spacing: -0.43875px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.63086px; display: inline-block;">3</span><span style="word-spacing: 0.43875px; letter-spacing: -0.43875px; display: inline-block; margin-left: 0px; width: 27.2109px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> 3 years </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 33.5449px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 29.291px; display: inline-block;">42.66 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 127.666px; width: 235.582px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 24.1055px; display: inline-block;">2020</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 101.994px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.16575px; letter-spacing: -0.16575px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.90039px; display: inline-block;">3</span><span style="word-spacing: 0.16575px; letter-spacing: -0.16575px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 10.8457px; display: inline-block;">14</span><span style="word-spacing: 0.16575px; letter-spacing: -0.16575px; display: inline-block; margin-left: 0px; width: 29.9414px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 35.1914px; display: inline-block;">262.40 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 27.2109px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="position: absolute; display: inline-block; left: 235.582px; top: 127.666px; width: 286.002px; white-space: pre; word-spacing: 0.078px; letter-spacing: -0.078px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 11.5488px; display: inline-block;">27</span><span style="word-spacing: 0.078px; letter-spacing: -0.078px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 22.6641px; display: inline-block;">.27%</span><span style="word-spacing: 0.078px; letter-spacing: -0.078px; display: inline-block; margin-left: 0px; width: 31.9102px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 9.92578px; display: inline-block;">-0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 2.90039px; display: inline-block;">.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.0801px; display: inline-block;">72%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.585px; letter-spacing: -0.585px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 13.4941px; display: inline-block;">9.0</span><span style="word-spacing: 0.585px; letter-spacing: -0.585px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.60156px; display: inline-block;">0</span><span style="word-spacing: 0.585px; letter-spacing: -0.585px; display: inline-block; margin-left: 0px; width: 27.2109px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> 3 years </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.0391px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 14.2383px; display: inline-block;">19.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 14.1973px; display: inline-block;">67 </span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 142.885px; width: 522.047px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 23.3906px; display: inline-block;">2019</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 53.7949px; display: inline-block;">, November</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 50.0332px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 17.209px; display: inline-block;">291</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 30.6621px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 17.7656px; display: inline-block;">273</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 17.2969px; display: inline-block;">.40 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 25.8516px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.0234px; display: inline-block;">26</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 23.502px; display: inline-block;">.86%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.2832px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 9.92578px; display: inline-block;">-0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 2.90039px; display: inline-block;">.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.0801px; display: inline-block;">72%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.5469px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 13.2363px; display: inline-block;">11.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 12.3633px; display: inline-block;">00</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 11.7304px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 27 months </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.0547px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 28.8516px; display: inline-block;">25.28 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 158.104px; width: 521.625px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 23.3906px; display: inline-block;">2019</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 47.0859px; display: inline-block;">, February</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.7051px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 18.0586px; display: inline-block;">335</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.9414px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 21.2988px; display: inline-block;">306.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 14.5488px; display: inline-block;">60 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 27.2109px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 11.7012px; display: inline-block;">27</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.62px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 23.6191px; display: inline-block;">.99%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 30.6621px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.8262px; display: inline-block;">-0.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.4766px; display: inline-block;">51%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.585px; letter-spacing: -0.585px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 7.89844px; display: inline-block;">9.</span><span style="word-spacing: 0.585px; letter-spacing: -0.585px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.60156px; display: inline-block;">0</span><span style="word-spacing: 0.585px; letter-spacing: -0.585px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.60156px; display: inline-block;">0</span><span style="word-spacing: 0.585px; letter-spacing: -0.585px; display: inline-block; margin-left: 0px; width: 27.2109px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> 3 years </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.0547px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 28.5234px; display: inline-block;">34.19 </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The expected v<span class="_ _2"/>olatility for 2019 to 2023 is based on the historical vola<span class="_ _3"/>tility for the past three y<span class="_ _3"/>ears. The risk<span class="_ _2"/>-free <span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">interest r<span class="_ _2"/>ate is based on three-y<span class="_ _3"/>ear Danish government bonds.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Restricted Stock Units (RSUs)</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">RSUs hav<span class="_ _3"/>e been granted to the Ex<span class="_ _2"/>ecutive Board and ke<span class="_ _2"/>y employees. Each RSU giv<span class="_ _3"/>es the holder a right to receiv<span class="_ _3"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">one existing shar<span class="_ _2"/>e in the Parent company of nominal DKK 20 when the thr<span class="_ _3"/>ee-year vesting period has elapsed. The </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">RSUs equal a right to receiv<span class="_ _2"/>e 0.1<span class="_ _24e"/>7% (2022: 0<span class="_ _3"/>.<span class="_ _3"/>07%) of the share capit<span class="_ _3"/>al if all remaining RSUs ar<span class="_ _3"/>e transferr<span class="_ _2"/>ed. Vesting </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of RSUs is expensed in the income sta<span class="_ _2"/>tement for 2023 with DKK 9m (2022: DKK 4m).<span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The number of RSUs granted in 2021 and la<span class="_ _2"/>ter is based on the avera<span class="_ _3"/>ge share price of the Par<span class="_ _2"/>ent company’s shar<span class="_ _3"/>es </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">five da<span class="_ _3"/>ys after the r<span class="_ _3"/>elease of the Q4 report.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:617.361328125px;"><span style="position: absolute; display: inline-block; left: 494.328px; top: 0.0078125px; width: 24.8379px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 24.8379px; display: inline-block;">2023</span></span><span style="position: absolute; display: inline-block; left: 409.25px; top: 22.0391px; width: 46.2012px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 46.2012px; display: inline-block;">Resigned </span></span><span style="position: absolute; display: inline-block; left: 407.547px; top: 34.0391px; width: 47.918px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 40.9336px; display: inline-block;">Executiv</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 7.85156px; display: inline-block;">e </span></span><span style="position: absolute; display: inline-block; left: 424.766px; top: 46.0391px; width: 31.1133px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 31.1133px; display: inline-block;">Board </span></span><span style="position: absolute; display: inline-block; left: 360.812px; top: 58.0391px; width: 29.0391px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 29.0391px; display: inline-block;">Other </span></span><span style="position: absolute; display: inline-block; left: 409.25px; top: 58.0391px; width: 46.6055px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 46.6055px; display: inline-block;">members </span></span><span style="position: absolute; display: inline-block; left: 208.922px; top: 70.0234px; width: 47.8887px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 40.9336px; display: inline-block;">Executiv</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 7.85156px; display: inline-block;">e </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 304.578px; top: 70.0234px; width: 19.248px; white-space: pre; word-spacing: 0.4095px; letter-spacing: -0.4095px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 16.8223px; display: inline-block;">Key</span><span style="word-spacing: 0.4095px; letter-spacing: -0.4095px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span><span style="word-spacing: 0.4095px; letter-spacing: -0.4095px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="position: absolute; display: inline-block; left: 332.016px; top: 70.0391px; width: 55.5996px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 55.5996px; display: inline-block;">managerial</span></span><span style="position: absolute; display: inline-block; left: 435.344px; top: 70.0547px; width: 20.5488px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 20.5488px; display: inline-block;">and </span></span><span style="position: absolute; display: inline-block; left: 227.688px; top: 82.0234px; width: 31.1133px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 31.1133px; display: inline-block;">Board </span></span><span style="position: absolute; display: inline-block; left: 269.984px; top: 82.0234px; width: 53.2969px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 35.4316px; display: inline-block;">employ</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.7324px; display: inline-block;">ees </span></span><span style="position: absolute; display: inline-block; left: 364.938px; top: 82.0391px; width: 22.4648px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 22.4648px; display: inline-block;">staff</span></span><span style="position: absolute; display: inline-block; left: 402.156px; top: 82.0547px; width: 53.2969px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 35.4316px; display: inline-block;">employ</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.7324px; display: inline-block;">ees </span></span><span style="position: absolute; display: inline-block; left: 217.375px; top: 94.0391px; width: 38.0859px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 38.0859px; display: inline-block;">Number</span></span><span style="position: absolute; display: inline-block; left: 283.484px; top: 94.0391px; width: 38.0859px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 38.0859px; display: inline-block;">Number</span></span><span style="position: absolute; display: inline-block; left: 349.547px; top: 94.0391px; width: 38.0859px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 38.0859px; display: inline-block;">Number</span></span><span style="position: absolute; display: inline-block; left: 415.609px; top: 94.0547px; width: 103.688px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 38.0859px; display: inline-block;">Number</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.2891px; display: inline-block;">otal</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 116.041px; width: 486.258px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 118.57px; display: inline-block;">Outstanding at 1 January</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 107.988px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 5.16797px; display: inline-block;">1</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.83594px; display: inline-block;">7</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 21.2578px; display: inline-block;">,409</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 33.0469px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 14.7715px; display: inline-block;">24,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.1758px; display: inline-block;">626</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.8594px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.4062px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.06836px; display: inline-block;">1,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.0527px; display: inline-block;">924</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.9102px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="position: absolute; display: inline-block; left: 486.258px; top: 116.041px; width: 34.002px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 12.6211px; display: inline-block;">43</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 21.8438px; display: inline-block;">,959</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 131.26px; width: 520.043px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.95898px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 63.0352px; display: inline-block;">ransferred be</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 80.9062px; display: inline-block;">tween categories</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 101.994px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.4922px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 11.8125px; display: inline-block;">-1,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.2285px; display: inline-block;">364</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.8594px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.873px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 26.291px; display: inline-block;">1,364</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.4142px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.38672px; display: inline-block;">0</span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 146.479px; width: 520.025px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 95.4258px; display: inline-block;">Granted during the y</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 15.7383px; display: inline-block;">ear</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 114.123px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 14.0742px; display: inline-block;">14,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.5156px; display: inline-block;">600</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 33.5449px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 14.918px; display: inline-block;">26,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.2285px; display: inline-block;">920</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.0547px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.0527px; display: inline-block;">20</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.9824px; display: inline-block;">,623</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.0156px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 32.6719px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 33.5625px; display: inline-block;">62,143</span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 161.697px; width: 520.219px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 98.8008px; display: inline-block;">Forfeited during the y</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 15.7383px; display: inline-block;">ear</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 112.564px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 3.74414px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 26.8418px; display: inline-block;">2,885</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.3534px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 22.0078px; display: inline-block;">-560</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.6482px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 3.65039px; display: inline-block;">-</span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 17.0391px; display: inline-block;">416</span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; width: 45.0529px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 21.0703px; display: inline-block;">-641</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.6641px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 31.5762px; display: inline-block;">-4,502</span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 182.461px; width: 519.809px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 136.846px; display: inline-block;">Outstanding at 31 December</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 86.7304px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.4512px; display: inline-block;">29</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.8945px; display: inline-block;">,124</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 32.291px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 15.6738px; display: inline-block;">49,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.5156px; display: inline-block;">622</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 32.6719px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 27.8965px; display: inline-block;">20,20</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 6.0293px; display: inline-block;">7</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.1699px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 21.7383px; display: inline-block;">2,64</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 6.0293px; display: inline-block;">7</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 27.2109px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 20.4199px; display: inline-block;">101,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.1426px; display: inline-block;">600</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 204.447px; width: 519.803px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 43.2246px; display: inline-block;">Of this ex</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 144.85px; display: inline-block;">ercisable at the end of the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 63.1406px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.4142px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.8594px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.4142px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 59.8594px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span></span><span style="position: absolute; display: inline-block; left: 495.359px; top: 239.541px; width: 23.7949px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 23.7949px; display: inline-block;">2022</span></span><span style="position: absolute; display: inline-block; left: 409.25px; top: 261.586px; width: 46.2012px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 46.2012px; display: inline-block;">Resigned </span></span><span style="position: absolute; display: inline-block; left: 407.547px; top: 273.586px; width: 47.918px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 40.9336px; display: inline-block;">Executiv</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 7.85156px; display: inline-block;">e </span></span><span style="position: absolute; display: inline-block; left: 424.766px; top: 285.586px; width: 31.1133px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 31.1133px; display: inline-block;">Board </span></span><span style="position: absolute; display: inline-block; left: 409.25px; top: 297.586px; width: 46.6055px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 46.6055px; display: inline-block;">members </span></span><span style="position: absolute; display: inline-block; left: 275.016px; top: 309.586px; width: 47.8887px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 40.9336px; display: inline-block;">Executiv</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 7.85156px; display: inline-block;">e </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 369.891px; top: 309.586px; width: 19.248px; white-space: pre; word-spacing: 0.4095px; letter-spacing: -0.4095px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 16.8223px; display: inline-block;">Key</span><span style="word-spacing: 0.4095px; letter-spacing: -0.4095px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.0625px; display: inline-block;"> </span></span><span style="word-spacing: 0.4095px; letter-spacing: -0.4095px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="position: absolute; display: inline-block; left: 435.344px; top: 309.586px; width: 20.5488px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 20.5488px; display: inline-block;">and </span></span><span style="position: absolute; display: inline-block; left: 292.547px; top: 321.586px; width: 31.1133px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 31.1133px; display: inline-block;">Board </span></span><span style="position: absolute; display: inline-block; left: 335.484px; top: 321.586px; width: 53.2969px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 35.4316px; display: inline-block;">employ</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.7324px; display: inline-block;">ees </span></span><span style="position: absolute; display: inline-block; left: 402.156px; top: 321.586px; width: 53.2969px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 35.4316px; display: inline-block;">employ</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.7324px; display: inline-block;">ees </span></span><span style="position: absolute; display: inline-block; left: 283.484px; top: 333.586px; width: 38.0859px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 38.0859px; display: inline-block;">Number</span></span><span style="position: absolute; display: inline-block; left: 349.547px; top: 333.586px; width: 38.0859px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 38.0859px; display: inline-block;">Number</span></span><span style="position: absolute; display: inline-block; left: 415.609px; top: 333.586px; width: 103.688px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 38.0859px; display: inline-block;">Number</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.2891px; display: inline-block;">otal</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 355.572px; width: 522.041px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 118.57px; display: inline-block;">Outstanding at 1 January</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 177.188px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.9707px; display: inline-block;">8,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.3027px; display: inline-block;">844 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.9414px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 15,260 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.5877px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1836px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> 24,104 </span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 370.807px; width: 522.035px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.95898px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 63.0352px; display: inline-block;">ransferred be</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 80.9062px; display: inline-block;">tween categories</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 163.406px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 30.6621px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -4,289 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 36.4922px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 29.2324px; display: inline-block;">4,289 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.4667px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> 0 </span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 386.025px; width: 522.199px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 95.4258px; display: inline-block;">Granted during the y</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 15.7383px; display: inline-block;">ear</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 185.853px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.07617px; display: inline-block;">8</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 23.1211px; display: inline-block;">,565 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 30.6621px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 14,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.0508px; display: inline-block;">785 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 52.5877px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.9414px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 36.2051px; display: inline-block;">23,350 </span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 401.244px; width: 522.439px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 98.8008px; display: inline-block;">Forfeited during the y</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 15.7383px; display: inline-block;">ear</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 197.69px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.6641px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 31.4355px; display: inline-block;">-1,130 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.2832px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 29.127px; display: inline-block;">2,365 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.9414px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> -3,495 </span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 422.008px; width: 519.967px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 136.846px; display: inline-block;">Outstanding at 31 December</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 151.629px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 1</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 6.0293px; display: inline-block;">7</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 22.0547px; display: inline-block;">,409</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.9102px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 34.1777px; display: inline-block;">24,626</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.748px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 20.9531px; display: inline-block;">1,92</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 6.32227px; display: inline-block;">4</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.9102px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 15.5918px; display: inline-block;">43,</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 18.8672px; display: inline-block;">959</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 443.994px; width: 522.035px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 43.2246px; display: inline-block;">Of this ex</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 144.85px; display: inline-block;">ercisable at the end of the year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 124.283px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0801px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0801px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.0801px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span></span><span style="position: absolute; display: inline-block; left: 342.656px; top: 481.664px; width: 47.0684px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 47.0684px; display: inline-block;">Expected </span></span><span style="position: absolute; display: inline-block; left: 354.094px; top: 493.664px; width: 35.5781px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 35.5781px; display: inline-block;">annual </span></span><span style="position: absolute; display: inline-block; left: 341.422px; top: 505.664px; width: 48.0586px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 48.0586px; display: inline-block;">dividends </span></span><span style="position: absolute; display: inline-block; left: 371.859px; top: 517.68px; width: 17.8477px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 17.8477px; display: inline-block;">per </span></span><span style="position: absolute; display: inline-block; left: 471.953px; top: 517.68px; width: 48.8203px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 49.248px; display: inline-block;">Fair value </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.49588px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 156.391px; top: 529.664px; width: 35.8242px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 30.3926px; display: inline-block;">Marke</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.89453px; display: inline-block;">t </span></span><span style="position: absolute; display: inline-block; left: 330.531px; top: 529.68px; width: 58.6465px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 58.6465px; display: inline-block;">share (DKK) </span></span><span style="position: absolute; display: inline-block; left: 475.156px; top: 529.68px; width: 46.5117px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 46.9395px; display: inline-block;">per share </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.49588px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 541.664px; width: 34.9043px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.45703px; display: inline-block;">Y</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 29.6895px; display: inline-block;">ear of </span></span><span style="position: absolute; display: inline-block; left: 84.9375px; top: 541.664px; width: 41.9355px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 21.082px; display: inline-block;">Exer</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 21.3457px; display: inline-block;">cise </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 153.656px; top: 541.664px; width: 38.625px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 38.625px; display: inline-block;">price at </span></span><span style="position: absolute; display: inline-block; left: 210.516px; top: 541.664px; width: 47.0391px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 47.0684px; display: inline-block;">Expected </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 280px; top: 541.664px; width: 44.1035px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 20.2617px; display: inline-block;">Risk</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 24.709px; display: inline-block;">-free </span></span><span style="position: absolute; display: inline-block; left: 349.547px; top: 541.68px; width: 40.0781px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 34.6465px; display: inline-block;">at gran</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.89453px; display: inline-block;">t </span></span><span style="position: absolute; display: inline-block; left: 407.547px; top: 541.68px; width: 47.0391px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 47.0684px; display: inline-block;">Expected </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 475.156px; top: 541.68px; width: 46.6875px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 47.1152px; display: inline-block;">at time of </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.49588px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 553.664px; width: 26.1035px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 26.1035px; display: inline-block;">grant</span></span><span style="position: absolute; display: inline-block; left: 100.656px; top: 553.664px; width: 24.1934px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 24.1934px; display: inline-block;">price</span></span><span style="position: absolute; display: inline-block; left: 141.094px; top: 553.664px; width: 49.9688px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 40.8047px; display: inline-block;">grant da</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 9.62695px; display: inline-block;">te</span></span><span style="position: absolute; display: inline-block; left: 213.844px; top: 553.664px; width: 41.6484px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 21.0645px; display: inline-block;">vola</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 21.4512px; display: inline-block;">tility</span></span><span style="position: absolute; display: inline-block; left: 263.094px; top: 553.664px; width: 57.7383px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 48.9785px; display: inline-block;">interest ra</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 9.62695px; display: inline-block;">te</span></span><span style="position: absolute; display: inline-block; left: 364.938px; top: 553.68px; width: 22.2715px; white-space: pre; word-spacing: -2.05725px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 22.2715px; display: inline-block;">date </span></span><span style="position: absolute; display: inline-block; left: 430.172px; top: 553.68px; width: 22.4004px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 22.4004px; display: inline-block;">term</span></span><span style="position: absolute; display: inline-block; left: 478.906px; top: 553.695px; width: 40.6523px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 40.6523px; display: inline-block;">granting</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 575.682px; width: 519.902px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 23.9883px; display: inline-block;">2023</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.4022px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 32.6719px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 21.0938px; display: inline-block;">269.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 12.1934px; display: inline-block;">40</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.2832px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.1406px; display: inline-block;">38</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 23.5781px; display: inline-block;">.66%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.5469px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.76562px; display: inline-block;">2.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.3789px; display: inline-block;">79%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.0529px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.585px; letter-spacing: -0.585px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 7.89844px; display: inline-block;">9.</span><span style="word-spacing: 0.585px; letter-spacing: -0.585px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.60156px; display: inline-block;">0</span><span style="word-spacing: 0.585px; letter-spacing: -0.585px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.60156px; display: inline-block;">0</span><span style="word-spacing: 0.585px; letter-spacing: -0.585px; display: inline-block; margin-left: 0px; width: 32.291px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="width: 34.1074px; display: inline-block;">3 years</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.0547px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 17.9531px; display: inline-block;">265</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 14.7715px; display: inline-block;">.42</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 590.9px; width: 519.838px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 23.7949px; display: inline-block;">2022</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 95.4022px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.9102px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.2461px; display: inline-block;">30</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.83594px; display: inline-block;">7</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 14.9473px; display: inline-block;">.20</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 30.6621px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 14.9707px; display: inline-block;">34.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.7129px; display: inline-block;">60%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 33.5449px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 9.92578px; display: inline-block;">-0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 22.6113px; display: inline-block;">.19%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.873px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 13.9336px; display: inline-block;">12.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 12.3633px; display: inline-block;">00</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.3027px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 3 years </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 32.6719px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 31.2891px; display: inline-block;">313.15</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 606.119px; width: 519.006px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 23.0918px; display: inline-block;">2021</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 96.1815px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.9102px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 19.7637px; display: inline-block;">271.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 12.3633px; display: inline-block;">00</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.2832px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 34.5879px; display: inline-block;">34.81%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 33.5449px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 9.92578px; display: inline-block;">-0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 23.1328px; display: inline-block;">.55%</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 45.0529px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.43875px; letter-spacing: -0.43875px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 13.7988px; display: inline-block;">6.3</span><span style="word-spacing: 0.43875px; letter-spacing: -0.43875px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.63086px; display: inline-block;">3</span><span style="word-spacing: 0.43875px; letter-spacing: -0.43875px; display: inline-block; margin-left: 0px; width: 29.9414px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> 3 years </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 31.9102px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.43875px; letter-spacing: -0.43875px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.43164px; display: inline-block;">2</span><span style="word-spacing: 0.43875px; letter-spacing: -0.43875px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 11.0215px; display: inline-block;">73</span><span style="word-spacing: 0.43875px; letter-spacing: -0.43875px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 8.17383px; display: inline-block;">.6</span><span style="word-spacing: 0.43875px; letter-spacing: -0.43875px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 5.49023px; display: inline-block;">5</span></span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Employ<span class="_ _2"/>ee recognition</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In recognition of the contribution ma<span class="_ _3"/>de by DFDS’ employ<span class="_ _3"/>ees in a year with e<span class="_ _3"/>xceptional challenges, the Boar<span class="_ _2"/>d of<span class="_ _4"/> <span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Directors has 22 December 2020 a<span class="_ _2"/>warded up to 50 shar<span class="_ _3"/>es free of char<span class="_ _3"/>ge to each employ<span class="_ _2"/>ee. The shares hav<span class="_ _3"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">vested o<span class="_ _3"/>ver a three-<span class="_ _3"/>year period from January 2021 to December 2023 on a str<span class="_ _2"/>aight-line basis. Only emplo<span class="_ _2"/>yees </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">working thr<span class="_ _3"/>ough the full vesting period ar<span class="_ _3"/>e entitled to the shares. Emplo<span class="_ _3"/>yees working mor<span class="_ _2"/>e than 24 hours per week </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">will get 50 shares, if the<span class="_ _2"/>y work more than 12 hours and up to 24 hours per w<span class="_ _3"/>eek, they get 30 shar<span class="_ _2"/>es and if they work </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">up to 12 hours per week, the<span class="_ _3"/>y get 10 shares. If an emplo<span class="_ _2"/>yee retir<span class="_ _3"/>es or leaves his job beca<span class="_ _3"/>use of disability during the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">period until December 2023 the employ<span class="_ _3"/>ee is entitled to the full number of shares when the emplo<span class="_ _3"/>yee leav<span class="_ _2"/>es. The<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">shares ar<span class="_ _2"/>e in most countries awarded as a phant<span class="_ _3"/>om share pr<span class="_ _3"/>ogramme wher<span class="_ _3"/>eby the entitled emplo<span class="_ _3"/>yees will receiv<span class="_ _2"/>e<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">a cash payment in December 2023 equal to the v<span class="_ _3"/>alue of 50 DFDS shares. A part of the tr<span class="_ _3"/>easury shares is r<span class="_ _3"/>eserved </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">for settling the outst<span class="_ _3"/>anding shares in the employ<span class="_ _2"/>ee recognition progr<span class="_ _3"/>amme.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In total 8<span class="_ _2"/>,289 employees are a<span class="_ _3"/>t awar<span class="_ _2"/>d date entitled to the shares. Based on historical a<span class="_ _3"/>ttrition r<span class="_ _3"/>ates for each </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">country the total expec<span class="_ _3"/>ted number of shares to be tr<span class="_ _2"/>ansferred to the employ<span class="_ _3"/>ees is 282,<span class="_ _24e"/>723 of which 168,1<span class="_ _24e"/>76 ar<span class="_ _2"/>e<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">phantom shares (<span class="_ _2"/>cash) and 114,<span class="_ _3"/>54<span class="_ _2"/>7 are shares.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">37<span class="_ _26"/>,067 shares ha<span class="_ _2"/>ve been transferr<span class="_ _3"/>ed during 2023 (2022: 1,<span class="_ _24e"/>790 shares). V<span class="_ _2"/>esting of shares for 2023 is an expense of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DKK 13m (2022: DKK 19m).</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Expected </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">annual </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">dividends </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Fair value <span class="_ _2d"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Marke<span class="_ _3"/>t </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Risk<span class="_ _2"/>-free </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">per share </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">per share <span class="_ _2d"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Exer<span class="_ _3"/>cise <span class="_ _2b"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">price at </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Expected <span class="_ _2b"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">interest </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(DKK) at </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Expected <span class="_ _2b"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">at time of <span class="_ _2d"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Y<span class="_ _24e"/>ear of grant</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">price</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">grant da<span class="_ _3"/>te</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">vola<span class="_ _2"/>tility</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">rate</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">grant <span class="_ _fe"> </span>date </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">term</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">granting</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2020 Special Rewar<span class="_ _2"/>d<span class="_ _188"> </span>0 <span class="_ _5e"> </span>267<span class="_ _2"/>.<span class="_ _3"/>00<span class="_ _75"> </span>34.87%<span class="_ _5f"> </span>-0<span class="_ _3"/>.<span class="_ _3"/>55%<span class="_ _c0"> </span><span class="ls18 ws1b">6.3<span class="_ _4"/>3<span class="_ _7f"> </span></span> 3 years <span class="_ _5f"> </span><span class="ls27 ws2a">2<span class="_ _4d"/>4<span class="_ _4d"/>7.<span class="_ _4"/>8<span class="_ _4d"/>7</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> Accounting <span class="_ _4c"> </span>policies<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Group has set up equity<span class="_ _2"/>-settled share option plans and RSUs. T<span class="_ _24e"/>reasury shares ar<span class="_ _2"/>e used for the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">share option plans and the RSUs. The v<span class="_ _2"/>alue of ser<span class="_ _4"/>vices receiv<span class="_ _3"/>ed in ex<span class="_ _3"/>change for gran<span class="_ _3"/>ted share based </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">payment is measur<span class="_ _3"/>ed at the fair v<span class="_ _3"/>alue of the share based pa<span class="_ _2"/>yment granted.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The equity-set<span class="_ _3"/>tled share options and RSUs ar<span class="_ _2"/>e measured at the fair v<span class="_ _3"/>alue at gr<span class="_ _3"/>ant date and r<span class="_ _3"/>ecognised </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in the income statement under sta<span class="_ _3"/>ff costs over the v<span class="_ _3"/>esting period. The counter posting is recognised </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">directl<span class="_ _2"/>y in equity as a shareholder transa<span class="_ _3"/>ction. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">At initial r<span class="_ _2"/>ecognition of the share options, an estimate is made o<span class="_ _2"/>ver the number of share based </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">payment tha<span class="_ _3"/>t the employees will v<span class="_ _3"/>est, cf<span class="_ _2"/>. the ser<span class="_ _4"/>vice conditions described above in this no<span class="_ _3"/>te. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Subsequent to initial recognition, the estima<span class="_ _2"/>te of share based payments to be v<span class="_ _3"/>ested is adjusted </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">whereb<span class="_ _3"/>y the total r<span class="_ _3"/>ecognition is based on the actual number of vested shar<span class="_ _2"/>e based payments.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The fair value of the gr<span class="_ _2"/>anted share options is calculated using the Bla<span class="_ _3"/>ck<span class="_ _2"/>-Scholes option-pricing model. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">T<span class="_ _24e"/>erms and conditions for each grant ar<span class="_ _2"/>e taken into account when calculating the f<span class="_ _3"/>air value.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The share based pa<span class="_ _3"/>yment progr<span class="_ _2"/>ammes are recognised at f<span class="_ _3"/>air value o<span class="_ _3"/>ver the vesting period and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">expensed as sta<span class="_ _3"/>ff cost. The accrual is recor<span class="_ _3"/>ded under other pay<span class="_ _3"/>ables or on equity depending on </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">whether settlement is done in cash or shar<span class="_ _2"/>es, respectivel<span class="_ _2"/>y.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> Accounting <span class="_ _4c"> </span>policies<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Group has set up equity<span class="_ _2"/>-settled share option plans and RSUs. T<span class="_ _24e"/>reasury shares ar<span class="_ _2"/>e used for the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">share option plans and the RSUs. The v<span class="_ _2"/>alue of ser<span class="_ _4"/>vices receiv<span class="_ _3"/>ed in ex<span class="_ _3"/>change for gran<span class="_ _3"/>ted share based </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">payment is measur<span class="_ _3"/>ed at the fair v<span class="_ _3"/>alue of the share based pa<span class="_ _2"/>yment granted.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The equity-set<span class="_ _3"/>tled share options and RSUs ar<span class="_ _2"/>e measured at the fair v<span class="_ _3"/>alue at gr<span class="_ _3"/>ant date and r<span class="_ _3"/>ecognised </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in the income statement under sta<span class="_ _3"/>ff costs over the v<span class="_ _3"/>esting period. The counter posting is recognised </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">directl<span class="_ _2"/>y in equity as a shareholder transa<span class="_ _3"/>ction. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">At initial r<span class="_ _2"/>ecognition of the share options, an estimate is made o<span class="_ _2"/>ver the number of share based </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">payment tha<span class="_ _3"/>t the employees will v<span class="_ _3"/>est, cf<span class="_ _2"/>. the ser<span class="_ _4"/>vice conditions described above in this no<span class="_ _3"/>te. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Subsequent to initial recognition, the estima<span class="_ _2"/>te of share based payments to be v<span class="_ _3"/>ested is adjusted </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">whereb<span class="_ _3"/>y the total r<span class="_ _3"/>ecognition is based on the actual number of vested shar<span class="_ _2"/>e based payments.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The fair value of the gr<span class="_ _2"/>anted share options is calculated using the Bla<span class="_ _3"/>ck<span class="_ _2"/>-Scholes option-pricing model. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">T<span class="_ _24e"/>erms and conditions for each grant ar<span class="_ _2"/>e taken into account when calculating the f<span class="_ _3"/>air value.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The share based pa<span class="_ _3"/>yment progr<span class="_ _2"/>ammes are recognised at f<span class="_ _3"/>air value o<span class="_ _3"/>ver the vesting period and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">expensed as sta<span class="_ _3"/>ff cost. The accrual is recor<span class="_ _3"/>ded under other pay<span class="_ _3"/>ables or on equity depending on </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">whether settlement is done in cash or shar<span class="_ _2"/>es, respectivel<span class="_ _2"/>y.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> Accounting <span class="_ _4c"> </span>policies<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The statement of cash flo<span class="_ _3"/>ws has been prepar<span class="_ _2"/>ed using the indirect method, and shows the consolida<span class="_ _2"/>ted<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">cash flows fr<span class="_ _2"/>om operating, investing, and financing a<span class="_ _3"/>ctivities for the year<span class="_ _24e"/>, and the consolidated cash </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and cash equivalents at the beginning and end o<span class="_ _3"/>f the year<span class="_ _24e"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The cash flow effect of a<span class="_ _3"/>cquisition and disposal of enterprises is shown separ<span class="_ _2"/>ately in cash flo<span class="_ _3"/>ws to/</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">from inv<span class="_ _2"/>esting activities. Cash flows from a<span class="_ _3"/>cquisitions of enterprises are r<span class="_ _2"/>ecognised in the Cash flow </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">statement fr<span class="_ _2"/>om the date of acquisition. Cash flows fr<span class="_ _2"/>om divestment of enterprises are r<span class="_ _3"/>ecognised up </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">until the date of disposal. Cash flo<span class="_ _3"/>ws from oper<span class="_ _2"/>ating activities is calculated on the basis of the pr<span class="_ _3"/>ofit/</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">loss before depr<span class="_ _2"/>eciation and amortisation (EBITDA) adjusted f<span class="_ _3"/>or the cash flow effect of non-cash </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">opera<span class="_ _3"/>ting items, changes in working capital (such as tr<span class="_ _2"/>ade payables, deferr<span class="_ _2"/>ed income, current account </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">pay<span class="_ _3"/>ables to joint ventur<span class="_ _3"/>es, trade r<span class="_ _2"/>eceivables, prepaid costs, etc.), pa<span class="_ _2"/>yments related to pensions and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">other pro<span class="_ _2"/>visions, payments relating to financial it<span class="_ _3"/>ems and corporation t<span class="_ _3"/>ax paid.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Cash flows fr<span class="_ _2"/>om investing activities includes paymen<span class="_ _3"/>ts in connection with the acquisition and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">divestment of enterprises and a<span class="_ _3"/>ctivities and of non-current intangible assets, tangible asse<span class="_ _3"/>ts and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">investments. Cash flo<span class="_ _3"/>ws from financing a<span class="_ _3"/>ctivities includes changes in the size or composition of the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Group’<span class="_ _2"/>s share capital, payment of dividends to shar<span class="_ _2"/>eholders, purchase of treasury shar<span class="_ _3"/>es, cash </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">receiv<span class="_ _3"/>ed from e<span class="_ _3"/>xer<span class="_ _2"/>cise of share options and the obtaining and repa<span class="_ _2"/>yment of bank loans and mor<span class="_ _4"/>tgage </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">loans and other long-term and short<span class="_ _2"/>-term debt. Payment of lease liabilities is included under financing </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">activities and the r<span class="_ _3"/>elated inter<span class="_ _2"/>est is included as a financial item under operating activities. Cash and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">cash equivalents comprise cash at bank<span class="_ _2"/>s and on hand.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">5<span class="_ _2"/>.5 <span class="_ _3c"> </span>A<span class="_ _2"/>cquisitions and non-<span class="_ _4"/>controlling inter<span class="_ _2"/>ests</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2024</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">FRS Iberia Group </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">On 1<span class="_ _2"/>7 September 2023 it was announced tha<span class="_ _3"/>t the DFDS Group had enter<span class="_ _2"/>ed into an agreement to acquir<span class="_ _2"/>e FRS </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Iberia/Maroc, a division of the German short-sea ferry company FR<span class="_ _3"/>S GmbH &amp; Co. K<span class="_ _3"/>G<span class="_ _3"/>. Closing of the transac<span class="_ _3"/>tion </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">was completed on the 1<span class="_ _3"/>0 January 2024. The purchase price amount to DKK 1.<span class="_ _2"/>5bn.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">FRS Iberia/Maroc opera<span class="_ _3"/>tes three short<span class="_ _3"/>-sea ferry routes acr<span class="_ _2"/>oss the Strait of Gibral<span class="_ _3"/>tar connecting Spain and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Morocco. The a<span class="_ _3"/>cquisition is aligned with DFDS’ stra<span class="_ _3"/>tegy to dev<span class="_ _3"/>elop and expand the tr<span class="_ _3"/>ansport network focused on </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">moving goods in tr<span class="_ _3"/>ailers by ferry<span class="_ _2"/>, road &amp; r<span class="_ _2"/>ail as well as moving passengers.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The acquisition expands DFDS’ Medit<span class="_ _3"/>erranean r<span class="_ _3"/>oute network tha<span class="_ _3"/>t today connects Eur<span class="_ _2"/>ope with T<span class="_ _2"/>ürkiye and T<span class="_ _2"/>unisia, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">respectiv<span class="_ _2"/>ely<span class="_ _2"/>. The region’<span class="_ _3"/>s organic marke<span class="_ _3"/>t gro<span class="_ _3"/>wth is expected to continue t<span class="_ _3"/>o ex<span class="_ _3"/>ceed gro<span class="_ _3"/>wth levels in northern Eur<span class="_ _3"/>ope </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">underpinned by nearshoring of manufa<span class="_ _3"/>cturing closer to end markets in Eur<span class="_ _2"/>ope.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Due to the acquisition date being 1<span class="_ _3"/>0 January 2024 DFDS Group has onl<span class="_ _2"/>y had limited access to data to comple<span class="_ _3"/>te </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the initial accounting for the acquisition. A full o<span class="_ _2"/>verview will be disclosed in the Q1 2024 report.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2023 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">McBurney T<span class="_ _2"/>ransport Group </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">On 28 February 2023, the a<span class="_ _3"/>cquisition of McBurney T<span class="_ _24e"/>ransport Group based in Northern Ir<span class="_ _3"/>eland was completed and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the DFDS Group obtained con<span class="_ _3"/>trol as fr<span class="_ _3"/>om this date. The a<span class="_ _3"/>cquisition is included in the Logistics Division. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The company is focused on mo<span class="_ _3"/>ving refriger<span class="_ _3"/>ated and dry goods in trailers b<span class="_ _2"/>y road and ferry between the island of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Ireland and the UK. The acquisition of McBurne<span class="_ _2"/>y T<span class="_ _2"/>ransport Group is aligned with DFDS’ str<span class="_ _3"/>ategic focus on cold </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">chain logistics. It overlaps with e<span class="_ _2"/>xisting activities in the region and offers opportunities to connect with other parts </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of DFDS’ pan-European tr<span class="_ _2"/>anspor<span class="_ _4"/>t network. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS paid DKK 1,1<span class="_ _2"/>78m for the acquir<span class="_ _2"/>ed company<span class="_ _2"/>. In addition, an earn-<span class="_ _4"/>out agreement w<span class="_ _2"/>as entered into accor<span class="_ _3"/>ding </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">to which the seller is entitled to an additional pa<span class="_ _3"/>yment based on the McBurney T<span class="_ _24e"/>ransport Groups’ financial </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">performance for the follo<span class="_ _2"/>wing 12 months period after the acquisition. T<span class="_ _2"/>rade r<span class="_ _2"/>eceivables have been r<span class="_ _2"/>ecognised at </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the acquisition date a<span class="_ _3"/>t a fair value of DKK 236m equal t<span class="_ _3"/>o their face val<span class="_ _3"/>ue. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS measured the acquir<span class="_ _2"/>ed lease liabilities using the present value of the r<span class="_ _2"/>emaining lease payments at the date </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of acquisition. The right<span class="_ _3"/>-of-use assets w<span class="_ _3"/>ere measur<span class="_ _3"/>ed at an amount equal to the lease liabilities and adjusted t<span class="_ _3"/>o </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">reflect the f<span class="_ _3"/>avour<span class="_ _2"/>able terms of the lease relativ<span class="_ _3"/>e to market terms.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Revenue incl<span class="_ _3"/>uded in the 2023 reporting is DKK 1.1bn and EBITDA of DKK 18<span class="_ _3"/>7m. If the transac<span class="_ _3"/>tion had been </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">completed as of 1 January 2023 re<span class="_ _3"/>venue fr<span class="_ _3"/>om 1 January to 31 December 2023 is estimated to hav<span class="_ _2"/>e been DKK<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">1.3bn and EBITD<span class="_ _3"/>A of DKK 219m. T<span class="_ _24e"/>ransaction and acquisition costs amounts to DKK 12m which ar<span class="_ _2"/>e recognised in </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the income statement line item cost of sales, gener<span class="_ _2"/>al and administration.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In connection with the acquisition, DFDS has measur<span class="_ _3"/>ed identifiable intangible assets, i.e. customer r<span class="_ _2"/>elationships </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">etc. which ar<span class="_ _3"/>e recognised in the acquisition balance shee<span class="_ _3"/>t at their fair v<span class="_ _3"/>alue. The preliminary fair v<span class="_ _2"/>alue is DKK 214m </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">at the acquisition da<span class="_ _3"/>te.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Following r<span class="_ _2"/>ecognition of acquired identifiable assets and liabilities at their f<span class="_ _3"/>air value, the goodwill r<span class="_ _2"/>elated to the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">acquisition is preliminaril<span class="_ _2"/>y measured at DKK 446m. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The goodwill repr<span class="_ _2"/>esents primarily the value of the sta<span class="_ _3"/>ff and know-ho<span class="_ _3"/>w taken o<span class="_ _3"/>ver and e<span class="_ _3"/>xpected syner<span class="_ _3"/>gies from </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">combining the acquired Gr<span class="_ _2"/>oup with the existing DFDS activities and netw<span class="_ _3"/>ork. The goodwill is not deductible for tax </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">purposes. Goodwill is allocated entir<span class="_ _2"/>ely to the Logistics Division.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Estron Group </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">On 11 September 2023 the acquisition of Estr<span class="_ _3"/>on Group based in Rot<span class="_ _3"/>terdam, The Ne<span class="_ _3"/>therlands was completed and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the DFDS Group obtained con<span class="_ _3"/>trol as fr<span class="_ _3"/>om this date. The a<span class="_ _3"/>cquisition is included in the Logistics Division. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The acquisition of Estron Gr<span class="_ _2"/>oup expands DFDS’ transport network in se<span class="_ _2"/>veral wa<span class="_ _3"/>ys. By adding r<span class="_ _2"/>oad transport </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">capacity to the e<span class="_ _3"/>xisting full-load oper<span class="_ _3"/>ation to and fr<span class="_ _3"/>om the UK, invol<span class="_ _2"/>ving both ferry and road tr<span class="_ _3"/>ansport, DFDS can </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">align this service with the existing oper<span class="_ _3"/>ations from DFDS’ loca<span class="_ _2"/>tion in Vlaardingen, the Netherlands. In addition, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Estron Gr<span class="_ _2"/>oup’s part-load and w<span class="_ _3"/>arehousing oper<span class="_ _2"/>ations complement the existing similar opera<span class="_ _2"/>tions based in<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Wijchen, the Netherlands.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">T<span class="_ _24e"/>rade receiv<span class="_ _2"/>ables have been recognised a<span class="_ _3"/>t the acquisition date a<span class="_ _3"/>t a fair value of DKK 63m which is the same as </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">their face v<span class="_ _3"/>alue. In connection with the acquisition DFDS has measur<span class="_ _3"/>ed identifiable intangible assets i.e., cust<span class="_ _3"/>omer </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">rela<span class="_ _3"/>tionships etc. which ar<span class="_ _3"/>e recognised in the acquisition balance sheet a<span class="_ _2"/>t their preliminary fair value of DKK 7m.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS measured the acquir<span class="_ _2"/>ed lease liabilities using the present value of the r<span class="_ _2"/>emaining lease payments at the date </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of acquisition. The right<span class="_ _3"/>-of-use assets w<span class="_ _3"/>ere measur<span class="_ _3"/>ed at an amount equal to the lease liabilities and adjusted t<span class="_ _3"/>o </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">reflect the f<span class="_ _3"/>avour<span class="_ _2"/>able terms of the lease relativ<span class="_ _3"/>e to market terms.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Following r<span class="_ _2"/>ecognition of acquired identifiable assets and liabilities at their f<span class="_ _3"/>air value, the goodwill r<span class="_ _2"/>elated to the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">acquisition is preliminary measur<span class="_ _3"/>ed at DKK 77m. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The goodwill repr<span class="_ _2"/>esents primarily the value of the sta<span class="_ _3"/>ff and know-ho<span class="_ _3"/>w taken o<span class="_ _3"/>ver and e<span class="_ _3"/>xpected syner<span class="_ _3"/>gies from </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">combining the acquired Gr<span class="_ _2"/>oup with the existing DFDS activities and netw<span class="_ _3"/>ork. The goodwill is not deductible for tax </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">purposes. The goodwill has been allocated to both the F<span class="_ _3"/>erry division and Logistics Division which are both </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">expected t<span class="_ _3"/>o benefit from this tr<span class="_ _3"/>ansaction.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Other 2023 acquisitions </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Lundby Åk<span class="_ _2"/>eri </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">On 1 September 2023 it was announced tha<span class="_ _3"/>t the DFDS Group had a<span class="_ _3"/>cquired all ac<span class="_ _3"/>tivities from Lundby Åk<span class="_ _2"/>eri AB<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">headquartered in Sw<span class="_ _3"/>eden. The DFDS Group obtained con<span class="_ _3"/>trol as fr<span class="_ _3"/>om this date and the acquir<span class="_ _2"/>ed activities is after </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the acquisition included in the Logistics Division. The pur<span class="_ _3"/>chase price for the acquir<span class="_ _3"/>ed activities amounts to DKK </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">18m.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">D<span class="_ _3"/>.R. Macleod</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">On 22 May 2023 it w<span class="_ _3"/>as announced that he DFDS Group ha<span class="_ _3"/>d acquired all a<span class="_ _3"/>ctivities from D<span class="_ _2"/>.R. MacLeod </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">headquartered in Scotland. The DFDS Gr<span class="_ _2"/>oup obtained control as fr<span class="_ _3"/>om this date and the acquir<span class="_ _3"/>ed activities is after </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the acquisition included in the Logistics Division. The pur<span class="_ _3"/>chase price for the acquir<span class="_ _3"/>ed activities amounts to DKK </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">26m. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:357.234375px;"><span style="position: absolute; display: inline-block; left: 233.312px; top: 0.0078125px; width: 49.8457px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 49.8457px; display: inline-block;">McBurney </span></span><span style="position: absolute; display: inline-block; left: 372.703px; top: 0.0078125px; width: 29.0098px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 29.0391px; display: inline-block;">Other </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -2.09229px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"> </span></span><span style="position: absolute; display: inline-block; left: 433.984px; top: 0.0078125px; width: 26.5195px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 21.3457px; display: inline-block;">otal </span></span><span style="position: absolute; display: inline-block; left: 493.469px; top: 0.0078125px; width: 26.5195px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 21.3457px; display: inline-block;">otal </span></span><span style="position: absolute; display: inline-block; left: 233.312px; top: 11.2578px; width: 48.2402px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 43.0664px; display: inline-block;">ransport </span></span><span style="position: absolute; display: inline-block; left: 310.734px; top: 11.2578px; width: 32.3906px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 32.3906px; display: inline-block;">Estron </span></span><span style="position: absolute; display: inline-block; left: 360.688px; top: 11.2578px; width: 38.2793px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 38.2793px; display: inline-block;">acquisi-</span></span><span style="position: absolute; display: inline-block; left: 420.234px; top: 11.2578px; width: 38.2793px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 38.2793px; display: inline-block;">acquisi-</span></span><span style="position: absolute; display: inline-block; left: 480.547px; top: 11.2578px; width: 38.2793px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 38.2793px; display: inline-block;">acquisi-</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 22.4785px; width: 54.8848px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 54.8848px; display: inline-block;">DKK million </span></span><span style="position: absolute; display: inline-block; left: 250.797px; top: 22.5078px; width: 29.3027px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 29.3027px; display: inline-block;">Group</span></span><span style="position: absolute; display: inline-block; left: 310.734px; top: 22.5078px; width: 29.3027px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 29.3027px; display: inline-block;">Group</span></span><span style="position: absolute; display: inline-block; left: 376.062px; top: 22.5078px; width: 23.2969px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 23.2969px; display: inline-block;">tions</span></span><span style="position: absolute; display: inline-block; left: 408.516px; top: 22.5078px; width: 50.1855px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 50.1855px; display: inline-block;">tions 2023</span></span><span style="position: absolute; display: inline-block; left: 494.797px; top: 22.5078px; width: 23.2969px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 23.2969px; display: inline-block;">tions</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 44.4941px; width: 520.617px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 138.932px; display: inline-block;">Non-current intangible assets</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 122.789px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 214 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.7636px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.16575px; letter-spacing: -0.16575px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span>14 </span><span style="word-spacing: 0.16575px; letter-spacing: -0.16575px; display: inline-block; margin-left: 0px; width: 48.9315px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> 6 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.0664px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 234 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.0664px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 234 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 59.2754px; width: 520.811px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 88.6523px; display: inline-block;">Land and buildings</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 172.98px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 1</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 14.2266px; display: inline-block;">44 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.5469px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.078px; letter-spacing: -0.078px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span>277 </span><span style="word-spacing: 0.078px; letter-spacing: -0.078px; display: inline-block; margin-left: 0px; width: 48.9315px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.133px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 421 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.133px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 421 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 73.6348px; width: 521.021px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 70.7988px; display: inline-block;">Equipment etc.</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 190.172px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 331 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.9784px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 29 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.9784px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 35 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.0664px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 394 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.0664px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 394 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 88.0098px; width: 520.752px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 47.0449px; display: inline-block;">Deferred t</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 11.6133px; display: inline-block;">ax</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 213.768px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.3125px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 5 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.9315px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.9315px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 5 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.3125px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 5 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 102.369px; width: 520.875px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 51.1992px; display: inline-block;">Inventories</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 221.056px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 4 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.3125px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 2 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.9315px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.9315px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 6 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.9315px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 6 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 116.729px; width: 156.182px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.95898px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 52.4121px; display: inline-block;">rade receiv</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 99.9199px; display: inline-block;">ables including work </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 128.729px; width: 520.986px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 35.666px; display: inline-block;">in progr</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 32.2734px; display: inline-block;">ess ser</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 23.959px; display: inline-block;">vices</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 168.867px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 236 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.5741px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 63 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.9315px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.0664px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 299 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.0664px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 299 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 143.088px; width: 520.91px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 56.9648px; display: inline-block;">Other receiv</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 26.0156px; display: inline-block;">ables</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 183.727px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 33 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.7636px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span>10 </span><span style="word-spacing: 0.0975px; letter-spacing: -0.0975px; display: inline-block; margin-left: 0px; width: 48.9315px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.9784px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 44 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.3534px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 44 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 157.447px; width: 520.699px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 119.654px; display: inline-block;">Cash at hand and in bank</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 141.141px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 229 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.3534px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.08775px; letter-spacing: -0.08775px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span>18</span><span style="word-spacing: 0.08775px; letter-spacing: -0.08775px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span><span style="word-spacing: 0.08775px; letter-spacing: -0.08775px; display: inline-block; margin-left: 0px; width: 48.9315px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.133px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.65325px; letter-spacing: -0.65325px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span>2</span><span style="word-spacing: 0.65325px; letter-spacing: -0.65325px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 10.5352px; display: inline-block;">47</span><span style="word-spacing: 0.65325px; letter-spacing: -0.65325px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span><span style="word-spacing: 0.65325px; letter-spacing: -0.65325px; display: inline-block; margin-left: 0px; width: 38.133px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span>2</span><span style="word-spacing: 0.65325px; letter-spacing: -0.65325px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 10.5352px; display: inline-block;">47</span><span style="word-spacing: 0.65325px; letter-spacing: -0.65325px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 171.822px; width: 520.916px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 47.0449px; display: inline-block;">Deferred t</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 47.7012px; display: inline-block;">ax liability</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 168.275px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -93 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.498px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 46.9042px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span>-1</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 39.1699px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> -95 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 39.1699px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -95 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 186.182px; width: 520.664px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 94.3418px; display: inline-block;">Interest bearing deb</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 3.68555px; display: inline-block;">t</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 160.471px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.4824px; display: inline-block;">159 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.0547px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -327 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.498px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 33.5449px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -485 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 33.0469px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -485 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 200.541px; width: 520.775px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 5.95898px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -1.24408px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 41.7539px; display: inline-block;">rade pay</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 26.0156px; display: inline-block;">ables</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 185.853px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -123 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 38.748px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 14.0918px; display: inline-block;">42 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.9315px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.6641px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.6875px; display: inline-block;">166 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 34.6641px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.6875px; display: inline-block;">166 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 214.9px; width: 521.109px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 106.611px; display: inline-block;">Other current liabilities</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 156.065px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -67 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 1.29675px; letter-spacing: -1.29675px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span>-7</span><span style="word-spacing: 1.29675px; letter-spacing: -1.29675px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 4.63477px; display: inline-block;">5</span><span style="word-spacing: 1.29675px; letter-spacing: -1.29675px; display: inline-block; margin-left: 0px; width: 1.38867px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span><span style="word-spacing: 1.29675px; letter-spacing: -1.29675px; display: inline-block; margin-left: 0px; width: 48.9315px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.0391px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.2598px; display: inline-block;">142 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.0391px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 19.2598px; display: inline-block;">142 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 234.82px; width: 521.133px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 95.3086px; display: inline-block;">Net assets acquired</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 165.176px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 7</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 14.7539px; display: inline-block;">49 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 40.4062px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 14.25px; display: inline-block;">25 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.5741px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 39 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.0664px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 763 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.0664px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 763 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 249.15px; width: 520.594px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 106.746px; display: inline-block;">Goodwill at acquisition</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 153.404px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 446 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.3534px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 77 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 49.3125px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 5 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.0664px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 528 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 37.0664px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 528 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 269.07px; width: 520.547px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 6.04102px; display: inline-block;">T</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 92.4434px; display: inline-block;">otal purchase price</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 154.242px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 1,195 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 43.3534px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 52 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.5741px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 44 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 29.3027px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 1,291 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.5645px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 1,291 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 283.838px; width: 521.115px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 100.916px; display: inline-block;">Contingent considera</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 62.9004px; display: inline-block;">tion assumed</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 101.994px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span>-17</span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; width: 48.498px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 48.9315px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.1054px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span>-17</span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; width: 41.5489px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span>-</span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 9.36328px; display: inline-block;">17</span><span style="word-spacing: 0.819px; letter-spacing: -0.819px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 298.197px; width: 520.951px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 161.074px; display: inline-block;">Cash and bank balances acquired</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 96.1815px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> -</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 20.127px; display: inline-block;">229 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 41.1386px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span>-18</span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span><span style="word-spacing: 0.63375px; letter-spacing: -0.63375px; display: inline-block; margin-left: 0px; width: 48.498px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="display: inline-block;"> 0 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 35.4199px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span>-2</span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 10.4355px; display: inline-block;">47</span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; width: 35.0391px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span>-2</span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 10.4355px; display: inline-block;">47</span><span style="word-spacing: 0.702px; letter-spacing: -0.702px; display: inline-block; margin-left: 0px; width: 0.972656px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 316.385px; width: 213.568px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 116.361px; display: inline-block;">Paid contingent consider</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 29.877px; display: inline-block;">ation r</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 68.2559px; display: inline-block;">egarding prior </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 329.885px; width: 518.549px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 84.4863px; display: inline-block;">years acquisitions</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 192.287px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 3.74414px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.7051px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 3.74414px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.7051px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 3.74414px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 55.7051px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 3.74414px; display: inline-block;">-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.8477px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 5.83594px; display: inline-block;">7</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 345.992px; width: 521.115px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 92.9121px; display: inline-block;">Cash flow impact fr</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 74.8066px; display: inline-block;">om acquisitions</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 92.1739px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 949 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.5741px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 34 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 42.9784px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 44 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.5645px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 1,027 </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 28.1836px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 1,033 </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2022 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The purchase price alloca<span class="_ _3"/>tion for Lucey T<span class="_ _24e"/>ransport Logistics (<span class="_ _3"/>acquired 30 Sep<span class="_ _3"/>tember 2022), primeRail (a<span class="_ _3"/>cquired 10 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">May 2022) and IC<span class="_ _2"/>T Logistics (acquir<span class="_ _3"/>ed 19 January 2022) are finalised and unchanged compared to the Annual </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Report for 2022. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Acquisition of non-controlling inter<span class="_ _3"/>ests </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Acquisition of shar<span class="_ _3"/>es by DFDS A/S in AB DFDS Sea<span class="_ _2"/>ways during 2023 amounts to DKK 8m (2022: less than DKK 1m), </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">equivalent to an o<span class="_ _3"/>wnership of 1.<span class="_ _24e"/>7<span class="_ _3"/>4% (2022: 0<span class="_ _2"/>.01%) after which the compan<span class="_ _3"/>y is owned 98<span class="_ _3"/>.84% (2022: 9<span class="_ _2"/>7<span class="_ _2"/>.1%). Badwill </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">of DKK 1<span class="_ _2"/>7m (2022: Badwill of less than DKK 1m) is recognised dir<span class="_ _2"/>ectly in equity<span class="_ _2"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Significant accounting estimates <span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">In applying the a<span class="_ _3"/>cquisition method of accounting, estimat<span class="_ _3"/>es are an integr<span class="_ _2"/>ated part of assessing fair </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">values of se<span class="_ _3"/>ver<span class="_ _3"/>al identifiable assets acquired and liabilities assumed, as observ<span class="_ _3"/>able market prices ar<span class="_ _3"/>e </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">typically no<span class="_ _3"/>t available<span class="_ _3"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">V<span class="_ _3"/>aluation techniques wher<span class="_ _3"/>e estimates ar<span class="_ _2"/>e applied typically rela<span class="_ _3"/>te to determining the pr<span class="_ _3"/>esent value of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">future uncertain cash flow<span class="_ _3"/>s or assessing other ev<span class="_ _3"/>ents in which the outcome is uncertain at the date of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">acquisition. Significant estimates ar<span class="_ _2"/>e typically applied in accounting for pr<span class="_ _2"/>oper<span class="_ _4"/>ty<span class="_ _2"/>, plant and equipment </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">and customer rela<span class="_ _3"/>tionships. As a result o<span class="_ _3"/>f the uncertainties in fair value estima<span class="_ _3"/>tion, measurement </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">period adjustments may be applied.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> Accounting <span class="_ _4c"> </span>policies<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Enterprises acquir<span class="_ _3"/>ed or formed during the year ar<span class="_ _2"/>e recognised in the consolidated financial statemen<span class="_ _3"/>ts </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">from the da<span class="_ _3"/>te of acquisition or forma<span class="_ _3"/>tion. Enterprises disposed are r<span class="_ _2"/>ecognised in the consolidated </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">financial statements until the da<span class="_ _3"/>te of disposal. The compara<span class="_ _2"/>tive figures are no<span class="_ _3"/>t adjusted for </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">acquisitions or disposals.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Business combinations wher<span class="_ _3"/>e control is obtained b<span class="_ _2"/>y the Group are r<span class="_ _3"/>ecognised using the acquisition method. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The identifiable assets, liabilities, and contingent liabilities of newl<span class="_ _2"/>y acquired enterprises ar<span class="_ _2"/>e assessed at<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">their fair value on the a<span class="_ _3"/>cquisition date. Identifiable int<span class="_ _3"/>angible assets are r<span class="_ _2"/>ecognised if they are separable or </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">arise from a contr<span class="_ _2"/>actual right. Deferred tax r<span class="_ _3"/>elated to the r<span class="_ _2"/>evaluations is r<span class="_ _3"/>ecognised.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The acquisition date is the da<span class="_ _3"/>te on which the Group ob<span class="_ _3"/>tains actual contr<span class="_ _3"/>ol over the a<span class="_ _3"/>cquired enterprise. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Positive diff<span class="_ _3"/>erences (<span class="_ _2"/>goodwill) between, on the one hand, the purchase price, the v<span class="_ _3"/>alue of minority </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">interests in the a<span class="_ _3"/>cquired enterprise and the f<span class="_ _3"/>air value of any pr<span class="_ _2"/>eviously acquir<span class="_ _2"/>ed shareholdings, and, on </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the other hand, the fair val<span class="_ _3"/>ue of the acquired identifiable asse<span class="_ _3"/>ts, liabilities and contingent liabilities are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">recognised as goodwill under non-current in<span class="_ _3"/>tangible assets. Goodwill is not amortised but is tested </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">annually f<span class="_ _3"/>or impairment. The first impairment test is performed befor<span class="_ _2"/>e the end of the acquisition year<span class="_ _2"/>. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Upon acquisition, goodwill is allocated to the cash-gener<span class="_ _3"/>ating units, which subsequentl<span class="_ _2"/>y form the basis<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">for the impairment test. Allocation of goodwill to cash-gener<span class="_ _3"/>ating units is described in notes 3<span class="_ _2"/>.1.1 and<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">3.1.<span class="_ _2"/>4.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Goodwill and fair value a<span class="_ _3"/>djustments in connection with the acquisition of a for<span class="_ _2"/>eign enterprise with a </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">differen<span class="_ _3"/>t functional currenc<span class="_ _3"/>y than the Group’<span class="_ _2"/>s presentation curr<span class="_ _3"/>ency ar<span class="_ _3"/>e trea<span class="_ _3"/>ted as assets and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">liabilities of the foreign en<span class="_ _3"/>terprise and are tr<span class="_ _3"/>anslated and conv<span class="_ _2"/>er<span class="_ _4"/>ted at first r<span class="_ _3"/>ecognition to the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">functional currenc<span class="_ _2"/>y of the foreign enterprise at the e<span class="_ _2"/>xchange rate on the tr<span class="_ _2"/>ansaction date.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The purchase consider<span class="_ _2"/>ation of an enterprise is the fair value of the agr<span class="_ _2"/>eed payment in the form of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">assets transf<span class="_ _3"/>erred, liabilities assumed, and equity instruments issued to seller<span class="_ _24e"/>. If part of the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">considera<span class="_ _3"/>tion is contingent on future e<span class="_ _3"/>vents or fulfilment of a<span class="_ _3"/>greed conditions, this part of the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">considera<span class="_ _3"/>tion is recognised at f<span class="_ _3"/>air value a<span class="_ _3"/>t the date of acquisition. Costs a<span class="_ _3"/>ttributable to business </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">combinations ar<span class="_ _3"/>e recognised dir<span class="_ _3"/>ectl<span class="_ _3"/>y in the income statement when incurr<span class="_ _3"/>ed. If<span class="_ _2"/>, at acquisition date, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">uncertainty exist r<span class="_ _3"/>egarding the identifica<span class="_ _3"/>tion and measurement of acquir<span class="_ _2"/>ed assets, liabilities or </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">contingent liabilities, or determination of the pur<span class="_ _2"/>chase price, initial recognition and measurement is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">done based on preliminary values. The pr<span class="_ _2"/>eliminary values may be adjusted until 12 months fr<span class="_ _2"/>om the<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">acquisition date<span class="_ _3"/>, provided the initial r<span class="_ _2"/>ecognition was preliminary or incorrec<span class="_ _3"/>t. Changes in estimates </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">regar<span class="_ _2"/>ding contingent considerations are r<span class="_ _2"/>ecognised in the income statement as financial items. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Incremental a<span class="_ _3"/>cquisitions after control ha<span class="_ _2"/>ve been obtained, i.e., pur<span class="_ _3"/>chase of minority interests, ar<span class="_ _2"/>e<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">recognised dir<span class="_ _2"/>ectly in equity<span class="_ _2"/>. Disposal of minority interests not r<span class="_ _2"/>esulting in loss of control is like<span class="_ _3"/>wise </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">recognised dir<span class="_ _2"/>ectly in equity<span class="_ _2"/>. Gains or losses on disposal of subsidiaries, associates and joint ventur<span class="_ _2"/>es<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are calcula<span class="_ _3"/>ted as the difference be<span class="_ _3"/>tween the disposal consider<span class="_ _3"/>ation and the book value of ne<span class="_ _3"/>t assets </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">at the dat<span class="_ _3"/>e of disposal, including the book value of goodwill, accumula<span class="_ _3"/>ted ex<span class="_ _2"/>change gains and losses<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">pre<span class="_ _3"/>viously r<span class="_ _2"/>ecognised in the equity as well as anticipated disposal costs. Exchange r<span class="_ _2"/>ate adjustments </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">attributable t<span class="_ _3"/>o the Group’<span class="_ _2"/>s ownership interest, and which pr<span class="_ _3"/>eviousl<span class="_ _3"/>y wer<span class="_ _3"/>e recognised dir<span class="_ _3"/>ectl<span class="_ _3"/>y in equity<span class="_ _2"/>, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are included in the calcula<span class="_ _3"/>tion of the gain/ loss. Any r<span class="_ _3"/>etained participating inter<span class="_ _3"/>ests are measur<span class="_ _3"/>ed at </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">their fair value a<span class="_ _2"/>t the time at which the controlling influence w<span class="_ _3"/>as lost.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> Accounting <span class="_ _4c"> </span>policies<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Enterprises acquir<span class="_ _3"/>ed or formed during the year ar<span class="_ _2"/>e recognised in the consolidated financial statemen<span class="_ _3"/>ts </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">from the da<span class="_ _3"/>te of acquisition or forma<span class="_ _3"/>tion. Enterprises disposed are r<span class="_ _2"/>ecognised in the consolidated </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">financial statements until the da<span class="_ _3"/>te of disposal. The compara<span class="_ _2"/>tive figures are no<span class="_ _3"/>t adjusted for </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">acquisitions or disposals.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Business combinations wher<span class="_ _3"/>e control is obtained b<span class="_ _2"/>y the Group are r<span class="_ _3"/>ecognised using the acquisition method. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The identifiable assets, liabilities, and contingent liabilities of newl<span class="_ _2"/>y acquired enterprises ar<span class="_ _2"/>e assessed at<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">their fair value on the a<span class="_ _3"/>cquisition date. Identifiable int<span class="_ _3"/>angible assets are r<span class="_ _2"/>ecognised if they are separable or </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">arise from a contr<span class="_ _2"/>actual right. Deferred tax r<span class="_ _3"/>elated to the r<span class="_ _2"/>evaluations is r<span class="_ _3"/>ecognised.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The acquisition date is the da<span class="_ _3"/>te on which the Group ob<span class="_ _3"/>tains actual contr<span class="_ _3"/>ol over the a<span class="_ _3"/>cquired enterprise. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Positive diff<span class="_ _3"/>erences (<span class="_ _2"/>goodwill) between, on the one hand, the purchase price, the v<span class="_ _3"/>alue of minority </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">interests in the a<span class="_ _3"/>cquired enterprise and the f<span class="_ _3"/>air value of any pr<span class="_ _2"/>eviously acquir<span class="_ _2"/>ed shareholdings, and, on </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the other hand, the fair val<span class="_ _3"/>ue of the acquired identifiable asse<span class="_ _3"/>ts, liabilities and contingent liabilities are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">recognised as goodwill under non-current in<span class="_ _3"/>tangible assets. Goodwill is not amortised but is tested </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">annually f<span class="_ _3"/>or impairment. The first impairment test is performed befor<span class="_ _2"/>e the end of the acquisition year<span class="_ _2"/>. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Upon acquisition, goodwill is allocated to the cash-gener<span class="_ _3"/>ating units, which subsequentl<span class="_ _2"/>y form the basis<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">for the impairment test. Allocation of goodwill to cash-gener<span class="_ _3"/>ating units is described in notes 3<span class="_ _2"/>.1.1 and<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">3.1.<span class="_ _2"/>4.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Goodwill and fair value a<span class="_ _3"/>djustments in connection with the acquisition of a for<span class="_ _2"/>eign enterprise with a </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">differen<span class="_ _3"/>t functional currenc<span class="_ _3"/>y than the Group’<span class="_ _2"/>s presentation curr<span class="_ _3"/>ency ar<span class="_ _3"/>e trea<span class="_ _3"/>ted as assets and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">liabilities of the foreign en<span class="_ _3"/>terprise and are tr<span class="_ _3"/>anslated and conv<span class="_ _2"/>er<span class="_ _4"/>ted at first r<span class="_ _3"/>ecognition to the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">functional currenc<span class="_ _2"/>y of the foreign enterprise at the e<span class="_ _2"/>xchange rate on the tr<span class="_ _2"/>ansaction date.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The purchase consider<span class="_ _2"/>ation of an enterprise is the fair value of the agr<span class="_ _2"/>eed payment in the form of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">assets transf<span class="_ _3"/>erred, liabilities assumed, and equity instruments issued to seller<span class="_ _24e"/>. If part of the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">considera<span class="_ _3"/>tion is contingent on future e<span class="_ _3"/>vents or fulfilment of a<span class="_ _3"/>greed conditions, this part of the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">considera<span class="_ _3"/>tion is recognised at f<span class="_ _3"/>air value a<span class="_ _3"/>t the date of acquisition. Costs a<span class="_ _3"/>ttributable to business </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">combinations ar<span class="_ _3"/>e recognised dir<span class="_ _3"/>ectl<span class="_ _3"/>y in the income statement when incurr<span class="_ _3"/>ed. If<span class="_ _2"/>, at acquisition date, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">uncertainty exist r<span class="_ _3"/>egarding the identifica<span class="_ _3"/>tion and measurement of acquir<span class="_ _2"/>ed assets, liabilities or </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">contingent liabilities, or determination of the pur<span class="_ _2"/>chase price, initial recognition and measurement is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">done based on preliminary values. The pr<span class="_ _2"/>eliminary values may be adjusted until 12 months fr<span class="_ _2"/>om the<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">acquisition date<span class="_ _3"/>, provided the initial r<span class="_ _2"/>ecognition was preliminary or incorrec<span class="_ _3"/>t. Changes in estimates </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">regar<span class="_ _2"/>ding contingent considerations are r<span class="_ _2"/>ecognised in the income statement as financial items. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Incremental a<span class="_ _3"/>cquisitions after control ha<span class="_ _2"/>ve been obtained, i.e., pur<span class="_ _3"/>chase of minority interests, ar<span class="_ _2"/>e<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">recognised dir<span class="_ _2"/>ectly in equity<span class="_ _2"/>. Disposal of minority interests not r<span class="_ _2"/>esulting in loss of control is like<span class="_ _3"/>wise </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">recognised dir<span class="_ _2"/>ectly in equity<span class="_ _2"/>. Gains or losses on disposal of subsidiaries, associates and joint ventur<span class="_ _2"/>es<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are calcula<span class="_ _3"/>ted as the difference be<span class="_ _3"/>tween the disposal consider<span class="_ _3"/>ation and the book value of ne<span class="_ _3"/>t assets </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">at the dat<span class="_ _3"/>e of disposal, including the book value of goodwill, accumula<span class="_ _3"/>ted ex<span class="_ _2"/>change gains and losses<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">pre<span class="_ _3"/>viously r<span class="_ _2"/>ecognised in the equity as well as anticipated disposal costs. Exchange r<span class="_ _2"/>ate adjustments </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">attributable t<span class="_ _3"/>o the Group’<span class="_ _2"/>s ownership interest, and which pr<span class="_ _3"/>eviousl<span class="_ _3"/>y wer<span class="_ _3"/>e recognised dir<span class="_ _3"/>ectl<span class="_ _3"/>y in equity<span class="_ _2"/>, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are included in the calcula<span class="_ _3"/>tion of the gain/ loss. Any r<span class="_ _3"/>etained participating inter<span class="_ _3"/>ests are measur<span class="_ _3"/>ed at </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">their fair value a<span class="_ _2"/>t the time at which the controlling influence w<span class="_ _3"/>as lost.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> Accounting <span class="_ _4c"> </span>policies<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Enterprises acquir<span class="_ _3"/>ed or formed during the year ar<span class="_ _2"/>e recognised in the consolidated financial statemen<span class="_ _3"/>ts </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">from the da<span class="_ _3"/>te of acquisition or forma<span class="_ _3"/>tion. Enterprises disposed are r<span class="_ _2"/>ecognised in the consolidated </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">financial statements until the da<span class="_ _3"/>te of disposal. The compara<span class="_ _2"/>tive figures are no<span class="_ _3"/>t adjusted for </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">acquisitions or disposals.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Business combinations wher<span class="_ _3"/>e control is obtained b<span class="_ _2"/>y the Group are r<span class="_ _3"/>ecognised using the acquisition method. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The identifiable assets, liabilities, and contingent liabilities of newl<span class="_ _2"/>y acquired enterprises ar<span class="_ _2"/>e assessed at<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">their fair value on the a<span class="_ _3"/>cquisition date. Identifiable int<span class="_ _3"/>angible assets are r<span class="_ _2"/>ecognised if they are separable or </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">arise from a contr<span class="_ _2"/>actual right. Deferred tax r<span class="_ _3"/>elated to the r<span class="_ _2"/>evaluations is r<span class="_ _3"/>ecognised.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The acquisition date is the da<span class="_ _3"/>te on which the Group ob<span class="_ _3"/>tains actual contr<span class="_ _3"/>ol over the a<span class="_ _3"/>cquired enterprise. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Positive diff<span class="_ _3"/>erences (<span class="_ _2"/>goodwill) between, on the one hand, the purchase price, the v<span class="_ _3"/>alue of minority </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">interests in the a<span class="_ _3"/>cquired enterprise and the f<span class="_ _3"/>air value of any pr<span class="_ _2"/>eviously acquir<span class="_ _2"/>ed shareholdings, and, on </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the other hand, the fair val<span class="_ _3"/>ue of the acquired identifiable asse<span class="_ _3"/>ts, liabilities and contingent liabilities are </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">recognised as goodwill under non-current in<span class="_ _3"/>tangible assets. Goodwill is not amortised but is tested </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">annually f<span class="_ _3"/>or impairment. The first impairment test is performed befor<span class="_ _2"/>e the end of the acquisition year<span class="_ _2"/>. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Upon acquisition, goodwill is allocated to the cash-gener<span class="_ _3"/>ating units, which subsequentl<span class="_ _2"/>y form the basis<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">for the impairment test. Allocation of goodwill to cash-gener<span class="_ _3"/>ating units is described in notes 3<span class="_ _2"/>.1.1 and<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">3.1.<span class="_ _2"/>4.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Goodwill and fair value a<span class="_ _3"/>djustments in connection with the acquisition of a for<span class="_ _2"/>eign enterprise with a </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">differen<span class="_ _3"/>t functional currenc<span class="_ _3"/>y than the Group’<span class="_ _2"/>s presentation curr<span class="_ _3"/>ency ar<span class="_ _3"/>e trea<span class="_ _3"/>ted as assets and </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">liabilities of the foreign en<span class="_ _3"/>terprise and are tr<span class="_ _3"/>anslated and conv<span class="_ _2"/>er<span class="_ _4"/>ted at first r<span class="_ _3"/>ecognition to the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">functional currenc<span class="_ _2"/>y of the foreign enterprise at the e<span class="_ _2"/>xchange rate on the tr<span class="_ _2"/>ansaction date.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The purchase consider<span class="_ _2"/>ation of an enterprise is the fair value of the agr<span class="_ _2"/>eed payment in the form of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">assets transf<span class="_ _3"/>erred, liabilities assumed, and equity instruments issued to seller<span class="_ _24e"/>. If part of the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">considera<span class="_ _3"/>tion is contingent on future e<span class="_ _3"/>vents or fulfilment of a<span class="_ _3"/>greed conditions, this part of the </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">considera<span class="_ _3"/>tion is recognised at f<span class="_ _3"/>air value a<span class="_ _3"/>t the date of acquisition. Costs a<span class="_ _3"/>ttributable to business </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">combinations ar<span class="_ _3"/>e recognised dir<span class="_ _3"/>ectl<span class="_ _3"/>y in the income statement when incurr<span class="_ _3"/>ed. If<span class="_ _2"/>, at acquisition date, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">uncertainty exist r<span class="_ _3"/>egarding the identifica<span class="_ _3"/>tion and measurement of acquir<span class="_ _2"/>ed assets, liabilities or </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">contingent liabilities, or determination of the pur<span class="_ _2"/>chase price, initial recognition and measurement is </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">done based on preliminary values. The pr<span class="_ _2"/>eliminary values may be adjusted until 12 months fr<span class="_ _2"/>om the<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">acquisition date<span class="_ _3"/>, provided the initial r<span class="_ _2"/>ecognition was preliminary or incorrec<span class="_ _3"/>t. Changes in estimates </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">regar<span class="_ _2"/>ding contingent considerations are r<span class="_ _2"/>ecognised in the income statement as financial items. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Incremental a<span class="_ _3"/>cquisitions after control ha<span class="_ _2"/>ve been obtained, i.e., pur<span class="_ _3"/>chase of minority interests, ar<span class="_ _2"/>e<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">recognised dir<span class="_ _2"/>ectly in equity<span class="_ _2"/>. Disposal of minority interests not r<span class="_ _2"/>esulting in loss of control is like<span class="_ _3"/>wise </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">recognised dir<span class="_ _2"/>ectly in equity<span class="_ _2"/>. Gains or losses on disposal of subsidiaries, associates and joint ventur<span class="_ _2"/>es<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are calcula<span class="_ _3"/>ted as the difference be<span class="_ _3"/>tween the disposal consider<span class="_ _3"/>ation and the book value of ne<span class="_ _3"/>t assets </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">at the dat<span class="_ _3"/>e of disposal, including the book value of goodwill, accumula<span class="_ _3"/>ted ex<span class="_ _2"/>change gains and losses<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">pre<span class="_ _3"/>viously r<span class="_ _2"/>ecognised in the equity as well as anticipated disposal costs. Exchange r<span class="_ _2"/>ate adjustments </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">attributable t<span class="_ _3"/>o the Group’<span class="_ _2"/>s ownership interest, and which pr<span class="_ _3"/>eviousl<span class="_ _3"/>y wer<span class="_ _3"/>e recognised dir<span class="_ _3"/>ectl<span class="_ _3"/>y in equity<span class="_ _2"/>, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">are included in the calcula<span class="_ _3"/>tion of the gain/ loss. Any r<span class="_ _3"/>etained participating inter<span class="_ _3"/>ests are measur<span class="_ _3"/>ed at </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">their fair value a<span class="_ _2"/>t the time at which the controlling influence w<span class="_ _3"/>as lost.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">5<span class="_ _2"/>.6 <span class="_ _50"> </span>Guarantees, coll<span class="_ _3"/>ater<span class="_ _2"/>al and contingent liabilities</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Guarantees issued b<span class="_ _2"/>y banks on behalf of the Group amount to DKK 22<span class="_ _3"/>4m (2022: DKK 226m). In addition, the Group </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">has <span class="_ _3"/>issue<span class="_ _3"/>d two guar<span class="_ _2"/>antees in relation to defined benefit pension schemes in the UK of an amount up to DKK 125m </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(2022: DKK 148m).</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Group is part in various legal disputes. The out<span class="_ _3"/>come of these disputes is not considered lik<span class="_ _2"/>ely to influence DFDS’ </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">financial position significantly<span class="_ _24e"/>, besides what is already r<span class="_ _2"/>ecognised in the balance sheet.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Certain ferries with a total carrying amount of DKK 5<span class="_ _2"/>,<span class="_ _2"/>752m (2022: DKK 8<span class="_ _3"/>,<span class="_ _3"/>596m) have been pledged as security f<span class="_ _3"/>or </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">mortgage on ferries and bank loans with a total carrying amount of DKK 4,<span class="_ _2"/>002m (2022: DKK 5,<span class="_ _2"/>353m).</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">At y<span class="_ _2"/>ear end 2023 DKK 14m (2022: DKK 1<span class="_ _2"/>75m) of the cash was deposited on r<span class="_ _2"/>estricted bank accounts.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">5<span class="_ _2"/>.6 <span class="_ _50"> </span>Guarantees, coll<span class="_ _3"/>ater<span class="_ _2"/>al and contingent liabilities</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Guarantees issued b<span class="_ _2"/>y banks on behalf of the Group amount to DKK 22<span class="_ _3"/>4m (2022: DKK 226m). In addition, the Group </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">has <span class="_ _3"/>issue<span class="_ _3"/>d two guar<span class="_ _2"/>antees in relation to defined benefit pension schemes in the UK of an amount up to DKK 125m </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(2022: DKK 148m).</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Group is part in various legal disputes. The out<span class="_ _3"/>come of these disputes is not considered lik<span class="_ _2"/>ely to influence DFDS’ </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">financial position significantly<span class="_ _24e"/>, besides what is already r<span class="_ _2"/>ecognised in the balance sheet.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Certain ferries with a total carrying amount of DKK 5<span class="_ _2"/>,<span class="_ _2"/>752m (2022: DKK 8<span class="_ _3"/>,<span class="_ _3"/>596m) have been pledged as security f<span class="_ _3"/>or </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">mortgage on ferries and bank loans with a total carrying amount of DKK 4,<span class="_ _2"/>002m (2022: DKK 5,<span class="_ _2"/>353m).</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">At y<span class="_ _2"/>ear end 2023 DKK 14m (2022: DKK 1<span class="_ _2"/>75m) of the cash was deposited on r<span class="_ _2"/>estricted bank accounts.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">5<span class="_ _2"/>.6 <span class="_ _50"> </span>Guarantees, coll<span class="_ _3"/>ater<span class="_ _2"/>al and contingent liabilities</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Guarantees issued b<span class="_ _2"/>y banks on behalf of the Group amount to DKK 22<span class="_ _3"/>4m (2022: DKK 226m). In addition, the Group </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">has <span class="_ _3"/>issue<span class="_ _3"/>d two guar<span class="_ _2"/>antees in relation to defined benefit pension schemes in the UK of an amount up to DKK 125m </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(2022: DKK 148m).</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Group is part in various legal disputes. The out<span class="_ _3"/>come of these disputes is not considered lik<span class="_ _2"/>ely to influence DFDS’ </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">financial position significantly<span class="_ _24e"/>, besides what is already r<span class="_ _2"/>ecognised in the balance sheet.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Certain ferries with a total carrying amount of DKK 5<span class="_ _2"/>,<span class="_ _2"/>752m (2022: DKK 8<span class="_ _3"/>,<span class="_ _3"/>596m) have been pledged as security f<span class="_ _3"/>or </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">mortgage on ferries and bank loans with a total carrying amount of DKK 4,<span class="_ _2"/>002m (2022: DKK 5,<span class="_ _2"/>353m).</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">At y<span class="_ _2"/>ear end 2023 DKK 14m (2022: DKK 1<span class="_ _2"/>75m) of the cash was deposited on r<span class="_ _2"/>estricted bank accounts.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">5<span class="_ _2"/>.<span class="_ _26"/>7 <span class="_ _d3"> </span>Contractual commitments</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:84.466796875px;"><span style="position: absolute; display: inline-block; left: 0px; top: 0.0097656px; width: 519.574px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 54.8848px; display: inline-block;">DKK million </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 371.812px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 24.8379px; display: inline-block;">2023</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.244px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="width: 23.7949px; display: inline-block;">2022</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 22.0254px; width: 521.678px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 32.7422px; display: inline-block;">Contra</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 130.447px; display: inline-block;">ctual commitments, term 0-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 28.2188px; display: inline-block;">1 year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 249.058px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.1641px; display: inline-block;">64</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.8477px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 59 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 37.2441px; width: 521.812px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 32.7422px; display: inline-block;">Contra</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 125.689px; display: inline-block;">ctual commitments, term 1</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 37.7168px; display: inline-block;">-5 years</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 245.232px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.078px; letter-spacing: -0.078px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 11.5488px; display: inline-block;">27</span><span style="word-spacing: 0.078px; letter-spacing: -0.078px; display: inline-block; margin-left: 0px; width: 53.8477px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span>27</span><span style="word-spacing: 0.078px; letter-spacing: -0.078px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 52.4629px; width: 521.496px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 32.7422px; display: inline-block;">Contra</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 179.508px; display: inline-block;">ctual commitments, term after 5 years</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 233.49px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6406px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 73.2266px; width: 521.443px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 199.84px; display: inline-block;">Contractual commitments (undiscounted)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 239.742px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 11.9062px; display: inline-block;">91</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.1054px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 86 </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Group’<span class="_ _2"/>s contractual commitments in 2023 include the pur<span class="_ _2"/>chase of EU Allowances rela<span class="_ _3"/>ted to the EU Emissions </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">T<span class="_ _24e"/>rading System (ETS) r<span class="_ _2"/>egulations. The purchase of ETS allo<span class="_ _3"/>wances has been done via forwar<span class="_ _2"/>d instruments with </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">physical delivery<span class="_ _24e"/>. These instruments are treat<span class="_ _3"/>ed as off-balance sheet it<span class="_ _3"/>ems as the own-use ex<span class="_ _2"/>emption under IFRS 9 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">is applied. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Group contr<span class="_ _2"/>actual commitments in 2023 and 2022 include a Vessel Shar<span class="_ _2"/>e Agreement in the Netherlands.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">5<span class="_ _2"/>.9 <span class="_ _50"> </span>Ev<span class="_ _2"/>ents after the balance sheet da<span class="_ _2"/>te</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">On 10 January 2024, the Gr<span class="_ _3"/>oup completed the acquisition of FRS Iberia/Maroc, a k<span class="_ _3"/>ey pla<span class="_ _3"/>yer on the strait of </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Gibralt<span class="_ _3"/>ar short-sea ferry marke<span class="_ _3"/>t connecting Spain and Morocco.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">On 9 February 2024, a shar<span class="_ _3"/>e buyback of DKK 431m was announced and launched on 12 F<span class="_ _3"/>ebruary 2024 to 31 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">December 2024. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">On 16 February 2024, DFDS a<span class="_ _3"/>war<span class="_ _3"/>ded 103<span class="_ _3"/>,<span class="_ _24e"/>780 restricted shar<span class="_ _2"/>e units and 444,804 share options to the Ex<span class="_ _2"/>ecutive </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Board, a number of k<span class="_ _3"/>ey employ<span class="_ _2"/>ees and other managerial staff<span class="_ _2"/>. The theoretical value is DKK 3<span class="_ _3"/>7m calculated </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">according t<span class="_ _3"/>o the Black<span class="_ _2"/>-Scholes model.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">No other material e<span class="_ _3"/>vents ha<span class="_ _3"/>ve occurred a<span class="_ _3"/>fter 31 December 2023 that ha<span class="_ _3"/>ve consequences for the 2023 annual </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">report.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">5<span class="_ _2"/>.<span class="_ _26"/>7 <span class="_ _d3"> </span>Contractual commitments</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;position:relative;height:84.466796875px;"><span style="position: absolute; display: inline-block; left: 0px; top: 0.0097656px; width: 519.574px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 54.8848px; display: inline-block;">DKK million </span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 371.812px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 24.8379px; display: inline-block;">2023</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 44.244px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span></span><span style="width: 23.7949px; display: inline-block;">2022</span></span><span style="position: absolute; display: inline-block; left: 0px; top: 22.0254px; width: 521.678px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 32.7422px; display: inline-block;">Contra</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 130.447px; display: inline-block;">ctual commitments, term 0-</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 28.2188px; display: inline-block;">1 year</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 249.058px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 12.1641px; display: inline-block;">64</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 53.8477px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 59 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 37.2441px; width: 521.812px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 32.7422px; display: inline-block;">Contra</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 125.689px; display: inline-block;">ctual commitments, term 1</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.867919px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 37.7168px; display: inline-block;">-5 years</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 245.232px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="word-spacing: 0.078px; letter-spacing: -0.078px; display: inline-block; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 11.5488px; display: inline-block;">27</span><span style="word-spacing: 0.078px; letter-spacing: -0.078px; display: inline-block; margin-left: 0px; width: 53.8477px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span>27</span><span style="word-spacing: 0.078px; letter-spacing: -0.078px; display: inline-block; margin-left: 0px; width: 0.39258px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="display: inline-block;"><span style="width: 2.21484px; display: inline-block;"> </span></span></span></span><span style="position: absolute; display: inline-block; left: 0px; top: 52.4629px; width: 521.496px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="width: 32.7422px; display: inline-block;">Contra</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: -0.464006px; width: 0px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"/><span style="width: 179.508px; display: inline-block;">ctual commitments, term after 5 years</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 233.49px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 6.18164px; display: inline-block;">0</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 61.6406px; font-size: 9.75px; font-family: ff3; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 8.39648px; display: inline-block;">0 </span></span><span style="position: absolute; display: inline-block; left: 0px; top: 73.2266px; width: 521.443px; white-space: pre; word-spacing: 0px; letter-spacing: 0px; margin-left: 0px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="width: 199.84px; display: inline-block;">Contractual commitments (undiscounted)</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 239.742px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="width: 11.9062px; display: inline-block;">91</span><span style="word-spacing: 0px; letter-spacing: 0px; display: inline-block; margin-left: 0px; width: 51.1054px; font-size: 9.75px; font-family: ff2; -webkit-text-stroke-width: 0.14625px;"><span style="display: inline-block;"> </span></span><span style="display: inline-block;"> 86 </span></span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Group’<span class="_ _2"/>s contractual commitments in 2023 include the pur<span class="_ _2"/>chase of EU Allowances rela<span class="_ _3"/>ted to the EU Emissions </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">T<span class="_ _24e"/>rading System (ETS) r<span class="_ _2"/>egulations. The purchase of ETS allo<span class="_ _3"/>wances has been done via forwar<span class="_ _2"/>d instruments with </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">physical delivery<span class="_ _24e"/>. These instruments are treat<span class="_ _3"/>ed as off-balance sheet it<span class="_ _3"/>ems as the own-use ex<span class="_ _2"/>emption under IFRS 9 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">is applied. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">The Group contr<span class="_ _2"/>actual commitments in 2023 and 2022 include a Vessel Shar<span class="_ _2"/>e Agreement in the Netherlands.</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">5<span class="_ _2"/>.10 <span class="_ _47"> </span>Company o<span class="_ _2"/>verview</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Ownership</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Company</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">share 2023</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Country<span class="_ _8f"> </span>City<span class="_ _1e9"> </span>Currency<span class="_ _9e"> </span>Share Capital</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Parent Company<span class="_ _257"> </span><span class="ff3"> <span class="_ _26d"> </span> <span class="_ _2d4"> </span> <span class="_ _104"> </span> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">5</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS A/S </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> <span class="_ _c0"> </span>Denmark<span class="_ _6d"> </span>Copenhagen<span class="_ _bc"> </span>DKK<span class="_ _27"> </span>1,1<span class="_ _2"/>72,<span class="_ _2"/>631,560</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Subsidiaries:<span class="_ _150"> </span> <span class="_ _13"> </span> <span class="_ _257"> </span> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS Belgium N.<span class="_ _24e"/>V<span class="_ _2"/>. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> <span class="_ _c0"> </span>Belgium<span class="_ _8f"> </span>Gent<span class="_ _19"> </span>EUR<span class="_ _6d"> </span>2,<span class="_ _3"/>355<span class="_ _3"/>,<span class="_ _3"/>97<span class="_ _3"/>6</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">N&amp;K Cold Chain Logistics </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(Shanghai<span class="_ _4"/>) Co., Ltd.<span class="_ _21b"> </span> <span class="_ _c8"> </span>China<span class="_ _145"> </span>Shanghai<span class="_ _59"> </span>CNY<span class="_ _c8"> </span>2,901,<span class="_ _2"/>420</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> 2</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS Logistics s.r<span class="_ _24e"/>.o.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> <span class="_ _c0"> </span>Czech Republic<span class="_ _2f"> </span>Prague<span class="_ _1b5"> </span><span class="ls5b ws49">CZK<span class="_ _ac"> </span></span>1,100<span class="_ _2"/>,000</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> 2</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS Germany ApS</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> <span class="_ _c0"> </span>Denmark<span class="_ _6d"> </span>Copenhagen<span class="_ _bc"> </span>DKK<span class="_ _cd"> </span>500<span class="_ _2"/>,000</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> 2 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Lundvej 15 ApS</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> <span class="_ _c0"> </span>Denmark<span class="_ _6d"> </span>Copenhagen<span class="_ _bc"> </span>DKK<span class="_ _b0"> </span>100<span class="_ _2"/>.000</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> 2 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Dronningens K<span class="_ _2"/>varter 1 ApS</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> <span class="_ _c0"> </span>Denmark<span class="_ _6d"> </span>Copenhagen<span class="_ _bc"> </span>DKK<span class="_ _c8"> </span>43,<span class="_ _2"/>500,<span class="_ _2"/>00</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS Logistics A/S<span class="_ _2d5"> </span> <span class="_ _c0"> </span>Denmark<span class="_ _6d"> </span>Esbjer<span class="_ _3"/>g<span class="_ _1b8"> </span>DKK<span class="_ _cd"> </span>600,<span class="_ _2"/>000</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS Stev<span class="_ _3"/>edoring A/S</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> <span class="_ _c0"> </span>Denmark<span class="_ _6d"> </span>Esbjer<span class="_ _3"/>g<span class="_ _1b8"> </span>DKK<span class="_ _cd"> </span>502,000</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS Logistics Denmark A/S<span class="_ _145"> </span> <span class="_ _6d"> </span>Denmark<span class="_ _c0"> </span>Herning<span class="_ _146"> </span>DKK<span class="_ _cd"> </span>500,<span class="_ _2"/>000</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS Køletr<span class="_ _2"/>anspor<span class="_ _4"/>t A/S<span class="_ _22"> </span> <span class="_ _c0"> </span>Denmark<span class="_ _6d"> </span>Hobro<span class="_ _2ab"> </span>DKK<span class="_ _6d"> </span>1,<span class="_ _2"/>500,<span class="_ _2"/>000</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> 2 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS Logistics OÜ</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> <span class="_ _c0"> </span>Estonia<span class="_ _a9"> </span>T<span class="_ _2"/>allinn<span class="_ _1d7"> </span>EUR<span class="_ _86"> </span>3,<span class="_ _2"/>000</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> 2<span class="ff3 fc9"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS Logistics O<span class="_ _3"/>Y</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> <span class="_ _c0"> </span>Finland<span class="_ _b0"> </span>T<span class="_ _2"/>urku<span class="_ _10"> </span>EUR<span class="_ _e7"> </span>2,<span class="_ _3"/>520</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> 2 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS Seaw<span class="_ _3"/>ays S.A.S.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> <span class="_ _c0"> </span>France<span class="_ _106"> </span>Dieppe<span class="_ _1df"> </span>EUR<span class="_ _190"> </span>37<span class="_ _24e"/>,000</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Dunes Bail SNC</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"><span class="_ _9"> </span><span class="ff3 fc3"> <span class="_ _6d"> </span>Fr<span class="_ _3"/>ance<span class="_ _106"> </span>Paris<span class="_ _160"> </span>EUR<span class="_ _86"> </span>1,000</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Flandres Bail SNC<span class="_ _b5"> </span> <span class="_ _c0"> </span>France<span class="_ _106"> </span>Paris<span class="_ _8"> </span>EUR<span class="_ _e7"> </span>1,000</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> 2,<span class="ff1"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS Germany ApS &amp; Co. K<span class="_ _2"/>G</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"><span class="_ _11e"> </span><span class="ff3 fc3"> <span class="_ _c0"> </span>Germany<span class="_ _6d"> </span>Cuxha<span class="_ _3"/>ven<span class="_ _1a5"> </span>EUR<span class="_ _d9"> </span>25,<span class="_ _2"/>000</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Neuenkirch-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS Logistics Deutschland GmbH<span class="_ _57"> </span><span class="ls0"> <span class="_ _c0"> </span>Germany</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">en-<span class="_ _3"/>V<span class="_ _3"/>örden<span class="_ _145"> </span>EUR<span class="_ _10e"> </span>25,<span class="_ _2"/>000</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Neuenkirch-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS Beteiligungs GmbH<span class="_ _1e9"> </span> <span class="_ _6d"> </span>Germany</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">en-<span class="_ _3"/>V<span class="_ _3"/>örden<span class="_ _145"> </span>EUR<span class="_ _10e"> </span>25,<span class="_ _2"/>000</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Neuenkirch-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS Logistics GmbH<span class="_ _216"> </span> <span class="_ _c0"> </span>Germany</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">en-<span class="_ _3"/>V<span class="_ _3"/>örden<span class="_ _145"> </span>EUR<span class="_ _10e"> </span>25,<span class="_ _2"/>000</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS Grundstücksv<span class="_ _2"/>er<span class="_ _4"/>waltungs </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Neuenkirch-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">GmbH &amp; Co K<span class="_ _3"/>G<span class="_ _3"/>.<span class="_ _2d6"> </span> <span class="_ _c0"> </span>Germany</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">en-<span class="_ _3"/>V<span class="_ _3"/>örden<span class="_ _145"> </span>EUR<span class="_ _10e"> </span>20<span class="_ _3"/>,000</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ICT Logistics GmbH<span class="_ _1dc"> </span> <span class="_ _6d"> </span>German<span class="_ _3"/>y<span class="_ _6d"> </span>Nor<span class="_ _3"/>derstedt<span class="_ _cc"> </span>EUR<span class="_ _d9"> </span>25<span class="_ _3"/>,000</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> 2</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS Rail (primeRail) GmbH</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> <span class="_ _c0"> </span>Germany<span class="_ _6d"> </span>T<span class="_ _24e"/>roisdorf<span class="_ _119"> </span>EUR<span class="_ _10e"> </span>98<span class="_ _3"/>,<span class="_ _3"/>000</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Alphatr<span class="_ _3"/>ans-Szállítás </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Szolgálta<span class="_ _3"/>tó Kft.<span class="_ _2d6"> </span> <span class="_ _c0"> </span>Hungary<span class="_ _bc"> </span>G<span class="_ _4"/>yula<span class="_ _fc"> </span>HUF<span class="_ _92"> </span>3,<span class="_ _2"/>000,<span class="_ _2"/>000</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Ownership</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Company</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">share 2023</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Country<span class="_ _8f"> </span>City<span class="_ _1e9"> </span>Currency<span class="_ _9e"> </span>Share Capital</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS Seaw<span class="_ _3"/>ays Ir<span class="_ _3"/>eland Ltd.<span class="_ _c6"> </span>Ireland<span class="_ _ae"> </span>Dublin<span class="_ _d"> </span>EUR<span class="_ _1b5"> </span><span class="ls1a ws1d">100</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> 2</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Lucey T<span class="_ _24e"/>ransport Logistics Ltd.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> <span class="_ _c0"> </span>Ireland<span class="_ _106"> </span>Dublin<span class="_ _1d7"> </span>EUR<span class="_ _86"> </span>3,<span class="_ _3"/>000</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS Logistics Contra<span class="_ _3"/>cts </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> 2</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(Ireland) L<span class="_ _3"/>td.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> <span class="_ _c0"> </span>Ireland<span class="_ _106"> </span>Dublin<span class="_ _1d7"> </span>EUR<span class="_ _1b8"> </span>200</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">McBurney Refriger<span class="_ _3"/>ation </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(Ireland) L<span class="_ _3"/>td. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Ireland<span class="_ _ae"> </span>Dublin<span class="_ _d"> </span>EUR<span class="_ _1b5"> </span><span class="ls1a ws1d">100</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> 2</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Bond Delivery Ireland L<span class="_ _2"/>td.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> <span class="_ _c0"> </span>Ireland<span class="_ _106"> </span>Dublin<span class="_ _1d7"> </span>EUR<span class="_ _1b5"> </span><span class="ls1a ws1d">100</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Samer Seaports &amp; T<span class="_ _24e"/>erminals SRL<span class="_ _5e"> </span>60.<span class="_ _2"/>00<span class="_ _5e"> </span>Italy<span class="_ _119"> </span>T<span class="_ _2"/>rieste<span class="_ _14e"> </span>EUR<span class="_ _c8"> </span>2,<span class="_ _3"/>800<span class="_ _2"/>,000</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS SIA<span class="_ _2d7"> </span> <span class="_ _c0"> </span>Lativa<span class="_ _10e"> </span>Liepaja<span class="_ _1b5"> </span>EUR<span class="_ _194"> </span>113<span class="_ _3"/>,886</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">AB DFDS Seaw<span class="_ _3"/>ays</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">98.<span class="_ _2"/>31<span class="_ _5d"> </span>Lithuania<span class="_ _c8"> </span>Klaipeda<span class="_ _142"> </span>EUR<span class="_ _79"> </span>95,252,<span class="_ _2"/>000</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">UAB DFDS T<span class="_ _24e"/>rucking<span class="_ _2ac"> </span>Lithuania<span class="_ _c8"> </span>Klaipeda<span class="_ _142"> </span>EUR<span class="_ _144"> </span>89,<span class="_ _26"/>782</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Alphatr<span class="_ _3"/>ans International </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">T<span class="_ _24e"/>rucking B.<span class="_ _24e"/>V<span class="_ _2"/>.<span class="_ _16d"> </span> <span class="_ _c0"> </span>Netherlands<span class="_ _d3"> </span>Brielle<span class="_ _2ab"> </span>EUR<span class="_ _19c"> </span>18,<span class="_ _2"/>000</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS Logistics Nijmegen B.<span class="_ _24e"/>V<span class="_ _24e"/>.<span class="_ _145"> </span> <span class="_ _c0"> </span>Netherlands<span class="_ _d3"> </span>Nijmegen<span class="_ _eb"> </span>EUR<span class="_ _d9"> </span>40,<span class="_ _2"/>840</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS T<span class="_ _24e"/>ransport B.<span class="_ _24e"/>V<span class="_ _2"/>.<span class="_ _1dc"> </span> <span class="_ _c0"> </span>Netherlands<span class="_ _75"> </span>Nijmegen<span class="_ _eb"> </span>EUR<span class="_ _10e"> </span>22,689</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Estron Beheer B<span class="_ _3"/>.<span class="_ _24e"/>V<span class="_ _2"/>.<span class="_ _2d8"> </span>Netherlands<span class="_ _d3"> </span>Rotterdam<span class="_ _18f"> </span>EUR<span class="_ _194"> </span>181,<span class="_ _2"/>600</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Estron Holding B<span class="_ _3"/>.<span class="_ _24e"/>V<span class="_ _2"/>.<span class="_ _20"> </span>Netherlands<span class="_ _d3"> </span>Rotterdam<span class="_ _18f"> </span>EUR<span class="_ _145"> </span>11,345</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS W<span class="_ _3"/>arehousing Rot<span class="_ _3"/>terdam B<span class="_ _3"/>.<span class="_ _24e"/>V<span class="_ _2"/>.<span class="_ _149"> </span>Netherlands<span class="_ _d3"> </span>Rotterdam<span class="_ _d8"> </span>EUR<span class="_ _19c"> </span>18,<span class="_ _2"/>000</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Estron B<span class="_ _3"/>.<span class="_ _24e"/>V<span class="_ _2"/>.<span class="_ _172"> </span>Netherlands<span class="_ _d3"> </span>Rotter<span class="_ _3"/>dam<span class="_ _d8"> </span>EUR<span class="_ _10e"> </span>22,500</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS Holding B.<span class="_ _24e"/>V<span class="_ _24e"/>.<span class="_ _fb"> </span> <span class="_ _c0"> </span>Netherlands<span class="_ _75"> </span>Vlaardingen<span class="_ _40"> </span>EUR<span class="_ _79"> </span>40,<span class="_ _2"/>000<span class="_ _3"/>,<span class="_ _3"/>000</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> 2</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS NewCo B.<span class="_ _26"/>V<span class="_ _2"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> <span class="_ _c0"> </span>Netherlands<span class="_ _75"> </span>Vlaardingen<span class="_ _40"> </span>EUR<span class="_ _19"> </span>1</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS Logistics B.<span class="_ _24e"/>V<span class="_ _24e"/>.<span class="_ _a0"> </span> <span class="_ _c0"> </span>Netherlands<span class="_ _d3"> </span>Vlaardingen<span class="_ _40"> </span>EUR<span class="_ _b0"> </span>455<span class="_ _3"/>,<span class="_ _3"/>000</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS Seaw<span class="_ _3"/>ays B<span class="_ _3"/>.<span class="_ _24e"/>V<span class="_ _2"/>.<span class="_ _25a"> </span> <span class="_ _c0"> </span>Netherlands<span class="_ _75"> </span>Vlaardingen<span class="_ _40"> </span>EUR<span class="_ _190"> </span>18,<span class="_ _2"/>400</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS Logistics Wijchen B.<span class="_ _24e"/>V<span class="_ _24e"/>.<span class="_ _119"> </span> <span class="_ _6d"> </span>Netherlands<span class="_ _d3"> </span>Wijchen<span class="_ _10c"> </span>EUR<span class="_ _10e"> </span>20,<span class="_ _2"/>000</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS T<span class="_ _24e"/>rucking Wijchen B.<span class="_ _24e"/>V<span class="_ _2"/>.<span class="_ _1d3"> </span> <span class="_ _c0"> </span>Netherlands<span class="_ _75"> </span>Wijchen<span class="_ _10c"> </span>EUR<span class="_ _145"> </span>18<span class="_ _2"/>,152</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS W<span class="_ _3"/>arehousing Wijchen B<span class="_ _3"/>.<span class="_ _24e"/>V<span class="_ _2"/>.<span class="_ _bc"> </span> <span class="_ _6d"> </span>Netherlands<span class="_ _d3"> </span>Wijchen<span class="_ _10c"> </span>EUR<span class="_ _145"> </span>18<span class="_ _2"/>,152</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS Distri Holding B.<span class="_ _24e"/>V<span class="_ _24e"/>.<span class="_ _19"> </span> <span class="_ _c0"> </span>Netherlands<span class="_ _75"> </span>Winterswijk<span class="_ _ae"> </span>EUR<span class="_ _190"> </span>18,<span class="_ _2"/>000</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS Expeditie Holding B.<span class="_ _24e"/>V<span class="_ _24e"/>.<span class="_ _1c1"> </span>Netherlands<span class="_ _75"> </span>Winterswijk<span class="_ _ae"> </span>EUR<span class="_ _190"> </span>18,<span class="_ _2"/>000</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS Property and Equipment B<span class="_ _3"/>.<span class="_ _24e"/>V<span class="_ _2"/>.<span class="_ _1e9"> </span>Netherlands<span class="_ _75"> </span>Winterswijk<span class="_ _106"> </span>EUR<span class="_ _10e"> </span>20<span class="_ _2"/>,000</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS Logistics Winterswijk B<span class="_ _3"/>.<span class="_ _24e"/>V<span class="_ _2"/>.<span class="_ _cc"> </span> <span class="_ _c0"> </span>Netherlands<span class="_ _75"> </span>Winterswijk<span class="_ _ae"> </span>EUR<span class="_ _194"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">10<span class="_ _4"/>8,<span class="_ _3"/>310</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS Property Nijmegen B.<span class="_ _26"/>V<span class="_ _2"/>.<span class="_ _188"> </span> <span class="_ _6d"> </span>Netherlands<span class="_ _d3"> </span>Winterswijk<span class="_ _ae"> </span>EUR<span class="_ _190"> </span>18,<span class="_ _2"/>000</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS Property and Equipment </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Winterswijk B<span class="_ _3"/>.<span class="_ _24e"/>V<span class="_ _2"/>.<span class="_ _6f"> </span> <span class="_ _6d"> </span>Netherlands<span class="_ _7f"> </span>Winterswijk<span class="_ _106"> </span>EUR<span class="_ _145"> </span>77<span class="_ _26"/>,140</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">1 <span class="_ _3a"> </span> <span class="_ _2b"/>Unless otherwise indicated, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the companies are 100% </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">owned by the DFDS Gr<span class="_ _2"/>oup.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2 <span class="_ _3b"> </span>The Company is directl<span class="_ _2"/>y<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">owned by the P<span class="_ _3"/>arent Com<span class="ls0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">pany DFDS A/S</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">3 <span class="_ _3b"> </span>Relief in accordance <span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">with Sec. 264b German </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Commercial Code (HGB).</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">4 <span class="_ _3b"> </span>Due to minority protec<span class="_ _3"/>tion <span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in the shareholders’ agr<span class="_ _2"/>ee<span class="_ _4"/><span class="ls0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ments the DFDS Group <span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">does not hav<span class="_ _3"/>e a controlling </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">interest.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">5<span class="_ _3"/>. Includes Estonian branch, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">French br<span class="_ _2"/>anch, Lithuanian<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">branch and UK br<span class="_ _2"/>anch of<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS A/S.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Ownership</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Company</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">share 2023</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Country<span class="_ _8f"> </span>City<span class="_ _1e9"> </span>Currency<span class="_ _9e"> </span>Share Capital</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">NorthSea T<span class="_ _24e"/>erminal AS<span class="_ _216"> </span> <span class="_ _c0"> </span>Norway<span class="_ _cc"> </span>Bre<span class="_ _3"/>vik<span class="_ _2ab"> </span>NOK<span class="_ _92"> </span>1,000<span class="_ _2"/>,000</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> 2</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS Logistics AS</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> <span class="_ _c0"> </span>Norway<span class="_ _cc"> </span>Lysak<span class="_ _3"/>er<span class="_ _146"> </span>NOK<span class="_ _58"> </span>20<span class="_ _2"/>,538<span class="_ _3"/>,<span class="_ _3"/>000</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS Spedition Norge AS<span class="_ _68"> </span>Norway<span class="_ _cc"> </span>Oslo<span class="_ _19"> </span>NOK<span class="_ _cc"> </span>500<span class="_ _3"/>,000</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> 2</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS Seaw<span class="_ _3"/>ays AS</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> <span class="_ _c0"> </span>Norway<span class="_ _cc"> </span>Oslo<span class="_ _20a"> </span>NOK<span class="_ _58"> </span>12,000<span class="_ _2"/>,000</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS Polska Sp<span class="_ _3"/>. z o.o.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> <span class="_ _c0"> </span>Poland<span class="_ _ae"> </span>Poznan<span class="_ _1b8"> </span>PLN<span class="_ _72"> </span>10<span class="_ _3"/>,<span class="_ _3"/>005<span class="_ _3"/>,000</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS Logistics Polska Sp<span class="_ _3"/>. z o.o.<span class="_ _5b"> </span>80<span class="_ _2"/>.00<span class="_ _5e"> </span>Poland<span class="_ _194"> </span>Szubin<span class="_ _1d7"> </span>PLN<span class="_ _10e"> </span>50,<span class="_ _2"/>000</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS Investments Sp<span class="_ _3"/>. z o.o.<span class="_ _106"> </span>80<span class="_ _2"/>.<span class="_ _3"/>00<span class="_ _5e"> </span>Poland<span class="_ _ae"> </span>Szubin<span class="_ _14e"> </span>PLN<span class="_ _e7"> </span><span class="ls18 ws1b">5,0<span class="_ _4"/>0<span class="_ _4"/>0</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS Logistics Solutions Romania </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">SRL<span class="_ _263"> </span> <span class="_ _c0"> </span>Romania<span class="_ _ac"> </span>Buchar<span class="_ _3"/>est<span class="_ _19c"> </span><span class="ls5f ws4d">RON<span class="_ _194"> </span></span>14<span class="_ _2"/>7<span class="_ _2"/>,<span class="_ _3"/>050</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Romania T<span class="_ _24e"/>ransport Group SRL<span class="_ _194"> </span> <span class="_ _6d"> </span>Romania<span class="_ _6d"> </span>Tibod<span class="_ _fc"> </span><span class="ls5f ws4d">RON<span class="_ _eb"> </span></span>1,000</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">N&amp;K Spedition Spain S.L.<span class="_ _1c0"> </span>80<span class="_ _2"/>.00<span class="_ _5e"> </span>Spain<span class="_ _1a5"> </span>T<span class="_ _24e"/>arragona<span class="_ _19c"> </span>EUR<span class="_ _10e"> </span>60,<span class="_ _2"/>000</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> 2</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS Seaw<span class="_ _3"/>ays Hispania S.L.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> <span class="_ _c0"> </span>Spain<span class="_ _1a5"> </span>V<span class="_ _3"/>alencia<span class="_ _18a"> </span>EUR<span class="_ _14d"> </span>3,<span class="_ _2"/>000</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> 2</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS Logistics Services AB</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> <span class="_ _c0"> </span>Sweden<span class="_ _40"> </span>Gothenbur<span class="_ _3"/>g<span class="_ _b0"> </span>SEK<span class="_ _ac"> </span>1,100<span class="_ _2"/>,000</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS AB<span class="_ _2d8"> </span> <span class="_ _6d"> </span>Sw<span class="_ _2"/>eden<span class="_ _40"> </span>Gothenburg<span class="_ _b0"> </span>SEK<span class="_ _a9"> </span>500,<span class="_ _2"/>000</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS Logistics Contra<span class="_ _3"/>cts AB<span class="_ _1a5"> </span> <span class="_ _c0"> </span>Sweden<span class="_ _40"> </span>Gothenburg<span class="_ _a9"> </span>SEK<span class="_ _19c"> </span>50,<span class="_ _2"/>000</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS Logistics Partners AB<span class="_ _ed"> </span><span class="ls18 ws1b">8<span class="_ _4"/>5.0<span class="_ _4d"/>0<span class="_ _5d"> </span></span>Sweden<span class="_ _b"> </span>Gothenburg<span class="_ _a9"> </span>SEK<span class="_ _6d"> </span>1,000<span class="_ _2"/>,000</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> 2</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS Professionals AB</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">8<span class="_ _4d"/>7.<span class="_ _4d"/>5<span class="_ _4d"/>0<span class="_ _4b"> </span><span class="ls0 ws0">Sweden<span class="_ _40"> </span>Gothenburg<span class="_ _a9"> </span>SEK<span class="_ _190"> </span>25<span class="_ _3"/>,000</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS T<span class="_ _24e"/>urkey Denizcilik ve <span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">T<span class="_ _24e"/>asi Y<span class="_ _2"/>ati A.Ş.<span class="_ _16d"> </span><span class="ls0"> <span class="_ _c0"> </span>T<span class="_ _2"/>ürkiye<span class="_ _106"> </span>Istanbul<span class="_ _15d"> </span>EUR<span class="_ _5d"> </span>342,000<span class="_ _24e"/>,000</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">T<span class="_ _24e"/>rieste Newholdco Denizcilik </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ve T<span class="_ _24e"/>aşımacılık A.Ş.<span class="_ _20"> </span>T<span class="_ _2"/>ürkiye</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Istanbul</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">EUR<span class="_ _5f"> </span>461,635<span class="_ _2"/>,380</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">T<span class="_ _24e"/>rieste Holdco Denizcilik </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ve T<span class="_ _24e"/>aşımacılık A.Ş.<span class="_ _20"> </span>T<span class="_ _2"/>ürkiye</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Istanbul</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">EUR<span class="_ _76"> </span>464,440<span class="_ _2"/>,121</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">T<span class="_ _24e"/>rieste Midco Denizcilik ve </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">T<span class="_ _24e"/>aşımacılık A.Ş. <span class="_ _68"> </span> <span class="_ _c0"> </span>T<span class="_ _2"/>ürkiye<span class="_ _ae"> </span>Istanbul<span class="_ _23"> </span>EUR<span class="_ _4e"> </span>4<span class="_ _2"/>75<span class="_ _2"/>,242,<span class="_ _24e"/>795</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS Denizcilik ve </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">T<span class="_ _24e"/>asimacilik A.Ş.<span class="_ _b5"> </span><span class="ls24 ws27">9<span class="_ _4"/>8.8<span class="_ _4"/>0<span class="_ _5d"> </span></span>T<span class="_ _24e"/>ürkiye<span class="_ _ae"> </span>Istanbul<span class="_ _23"> </span>EUR<span class="_ _76"> </span>369,<span class="_ _2"/>967<span class="_ _24e"/>,159</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Ownership</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Company</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">share 2023</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Country<span class="_ _8f"> </span>City<span class="_ _1e9"> </span>Currency<span class="_ _9e"> </span>Share Capital</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">McBurney T<span class="_ _24e"/>ransport Group L<span class="_ _3"/>td. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">United Kingdom<span class="_ _21f"> </span>Ballymena<span class="_ _18f"> </span>GBP<span class="_ _155"> </span>947<span class="_ _26"/>,934</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Bondelivery NI Ltd. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">United Kingdom<span class="_ _21f"> </span>Ballymena<span class="_ _18f"> </span>GBP<span class="_ _155"> </span>260,11<span class="_ _3"/>0</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Huisman International (UK) L<span class="_ _3"/>td.<span class="_ _11e"> </span> <span class="_ _c0"> </span>United Kingdom<span class="_ _11f"> </span>Corby<span class="_ _14a"> </span>GBP<span class="_ _1b8"> </span><span class="ls1a ws1d">100</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> 2</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS Logistics Ltd.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> <span class="_ _c0"> </span>United Kingdom<span class="_ _21f"> </span>Immingham<span class="_ _cd"> </span>GBP<span class="_ _72"> </span>15,150<span class="_ _2"/>,000</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS Logistics Contra<span class="_ _3"/>cts Ltd.<span class="_ _ed"> </span> <span class="_ _c0"> </span>United Kingdom<span class="_ _11f"> </span>Immingham<span class="_ _cc"> </span>GBP<span class="_ _6d"> </span>2,<span class="_ _3"/>571,<span class="_ _2"/>495</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> 2</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS Logistics Services Ltd.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> <span class="_ _c0"> </span>United Kingdom<span class="_ _21f"> </span>Immingham<span class="_ _cd"> </span>GBP<span class="_ _1b8"> </span><span class="ls1a ws1d">100</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS Logistics Property Ltd.<span class="_ _ef"> </span> <span class="_ _c0"> </span>United Kingdom<span class="_ _11f"> </span>Immingham<span class="_ _cc"> </span>GBP<span class="_ _cd"> </span>250,<span class="_ _2"/>000</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> 2</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS Seaw<span class="_ _3"/>ays Holding L<span class="_ _3"/>td.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> <span class="_ _c0"> </span>United Kingdom<span class="_ _21f"> </span>Immingham<span class="_ _cd"> </span>GBP<span class="_ _cd"> </span>250,<span class="_ _2"/>000</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> 2</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS Seaw<span class="_ _3"/>ays Plc.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> <span class="_ _c0"> </span>United Kingdom<span class="_ _21f"> </span>Immingham<span class="_ _cd"> </span>GBP<span class="_ _58"> </span>40,250<span class="_ _2"/>,<span class="_ _3"/>000</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">LLC DFDS<span class="_ _5"> </span> <span class="_ _6d"> </span>Ukr<span class="_ _3"/>aine<span class="_ _cc"> </span>Kiev<span class="_ _1e2"> </span><span class="ls8c ws8f">UAH<span class="_ _155"> </span></span>35<span class="_ _3"/>7<span class="_ _24e"/>,644</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Associates:<span class="_ _235"> </span><span class="ff3"> <span class="_ _26d"> </span> <span class="_ _2d4"> </span> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Bohus T<span class="_ _24e"/>erminal Holding AB</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">6<span class="_ _4"/>5.0<span class="_ _4"/>0<span class="_ _5d"> </span><span class="ls0 ws0">Sweden<span class="_ _b"> </span>Gothenburg<span class="_ _b0"> </span>SEK<span class="_ _19c"> </span>50<span class="_ _3"/>,<span class="_ _3"/>000</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Gothenburg R<span class="_ _3"/>O/RO T<span class="_ _24e"/>erminal AB<span class="_ _31"> </span><span class="ls18 ws1b">65.0<span class="_ _4d"/>0<span class="_ _5d"> </span></span>Sweden<span class="_ _b"> </span>Gothenburg<span class="_ _a9"> </span>SEK<span class="_ _6d"> </span>5<span class="_ _2"/>,000<span class="_ _2"/>,000</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DeaL Energy A/<span class="_ _3"/>S<span class="_ _2d5"> </span>50.<span class="_ _2"/>00<span class="_ _5d"> </span>Denmark<span class="_ _c0"> </span>Hellerup<span class="_ _1c0"> </span>DKK<span class="_ _cd"> </span>500,<span class="_ _2"/>000</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Euro Asia cold Chain Logistic<span class="_ _de"> </span>52.04<span class="_ _5e"> </span>China<span class="_ _144"> </span>Shanghai<span class="_ _ef"> </span>CNY<span class="_ _79"> </span>22,100<span class="_ _3"/>,<span class="_ _3"/>000</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">22 Dormant entities</span> <span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">5<span class="_ _2"/>.10 <span class="_ _47"> </span>Company o<span class="_ _2"/>verview</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Ownership</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Company</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">share 2023</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Country<span class="_ _8f"> </span>City<span class="_ _1e9"> </span>Currency<span class="_ _9e"> </span>Share Capital</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Parent Company<span class="_ _257"> </span><span class="ff3"> <span class="_ _26d"> </span> <span class="_ _2d4"> </span> <span class="_ _104"> </span> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">5</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS A/S </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> <span class="_ _c0"> </span>Denmark<span class="_ _6d"> </span>Copenhagen<span class="_ _bc"> </span>DKK<span class="_ _27"> </span>1,1<span class="_ _2"/>72,<span class="_ _2"/>631,560</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Subsidiaries:<span class="_ _150"> </span> <span class="_ _13"> </span> <span class="_ _257"> </span> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS Belgium N.<span class="_ _24e"/>V<span class="_ _2"/>. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> <span class="_ _c0"> </span>Belgium<span class="_ _8f"> </span>Gent<span class="_ _19"> </span>EUR<span class="_ _6d"> </span>2,<span class="_ _3"/>355<span class="_ _3"/>,<span class="_ _3"/>97<span class="_ _3"/>6</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">N&amp;K Cold Chain Logistics </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(Shanghai<span class="_ _4"/>) Co., Ltd.<span class="_ _21b"> </span> <span class="_ _c8"> </span>China<span class="_ _145"> </span>Shanghai<span class="_ _59"> </span>CNY<span class="_ _c8"> </span>2,901,<span class="_ _2"/>420</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> 2</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS Logistics s.r<span class="_ _24e"/>.o.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> <span class="_ _c0"> </span>Czech Republic<span class="_ _2f"> </span>Prague<span class="_ _1b5"> </span><span class="ls5b ws49">CZK<span class="_ _ac"> </span></span>1,100<span class="_ _2"/>,000</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> 2</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS Germany ApS</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> <span class="_ _c0"> </span>Denmark<span class="_ _6d"> </span>Copenhagen<span class="_ _bc"> </span>DKK<span class="_ _cd"> </span>500<span class="_ _2"/>,000</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> 2 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Lundvej 15 ApS</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> <span class="_ _c0"> </span>Denmark<span class="_ _6d"> </span>Copenhagen<span class="_ _bc"> </span>DKK<span class="_ _b0"> </span>100<span class="_ _2"/>.000</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> 2 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Dronningens K<span class="_ _2"/>varter 1 ApS</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> <span class="_ _c0"> </span>Denmark<span class="_ _6d"> </span>Copenhagen<span class="_ _bc"> </span>DKK<span class="_ _c8"> </span>43,<span class="_ _2"/>500,<span class="_ _2"/>00</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS Logistics A/S<span class="_ _2d5"> </span> <span class="_ _c0"> </span>Denmark<span class="_ _6d"> </span>Esbjer<span class="_ _3"/>g<span class="_ _1b8"> </span>DKK<span class="_ _cd"> </span>600,<span class="_ _2"/>000</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS Stev<span class="_ _3"/>edoring A/S</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> <span class="_ _c0"> </span>Denmark<span class="_ _6d"> </span>Esbjer<span class="_ _3"/>g<span class="_ _1b8"> </span>DKK<span class="_ _cd"> </span>502,000</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS Logistics Denmark A/S<span class="_ _145"> </span> <span class="_ _6d"> </span>Denmark<span class="_ _c0"> </span>Herning<span class="_ _146"> </span>DKK<span class="_ _cd"> </span>500,<span class="_ _2"/>000</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS Køletr<span class="_ _2"/>anspor<span class="_ _4"/>t A/S<span class="_ _22"> </span> <span class="_ _c0"> </span>Denmark<span class="_ _6d"> </span>Hobro<span class="_ _2ab"> </span>DKK<span class="_ _6d"> </span>1,<span class="_ _2"/>500,<span class="_ _2"/>000</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> 2 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS Logistics OÜ</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> <span class="_ _c0"> </span>Estonia<span class="_ _a9"> </span>T<span class="_ _2"/>allinn<span class="_ _1d7"> </span>EUR<span class="_ _86"> </span>3,<span class="_ _2"/>000</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> 2<span class="ff3 fc9"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS Logistics O<span class="_ _3"/>Y</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> <span class="_ _c0"> </span>Finland<span class="_ _b0"> </span>T<span class="_ _2"/>urku<span class="_ _10"> </span>EUR<span class="_ _e7"> </span>2,<span class="_ _3"/>520</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> 2 </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS Seaw<span class="_ _3"/>ays S.A.S.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> <span class="_ _c0"> </span>France<span class="_ _106"> </span>Dieppe<span class="_ _1df"> </span>EUR<span class="_ _190"> </span>37<span class="_ _24e"/>,000</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Dunes Bail SNC</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"><span class="_ _9"> </span><span class="ff3 fc3"> <span class="_ _6d"> </span>Fr<span class="_ _3"/>ance<span class="_ _106"> </span>Paris<span class="_ _160"> </span>EUR<span class="_ _86"> </span>1,000</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Flandres Bail SNC<span class="_ _b5"> </span> <span class="_ _c0"> </span>France<span class="_ _106"> </span>Paris<span class="_ _8"> </span>EUR<span class="_ _e7"> </span>1,000</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> 2,<span class="ff1"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS Germany ApS &amp; Co. K<span class="_ _2"/>G</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"><span class="_ _11e"> </span><span class="ff3 fc3"> <span class="_ _c0"> </span>Germany<span class="_ _6d"> </span>Cuxha<span class="_ _3"/>ven<span class="_ _1a5"> </span>EUR<span class="_ _d9"> </span>25,<span class="_ _2"/>000</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Neuenkirch-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS Logistics Deutschland GmbH<span class="_ _57"> </span><span class="ls0"> <span class="_ _c0"> </span>Germany</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">en-<span class="_ _3"/>V<span class="_ _3"/>örden<span class="_ _145"> </span>EUR<span class="_ _10e"> </span>25,<span class="_ _2"/>000</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Neuenkirch-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS Beteiligungs GmbH<span class="_ _1e9"> </span> <span class="_ _6d"> </span>Germany</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">en-<span class="_ _3"/>V<span class="_ _3"/>örden<span class="_ _145"> </span>EUR<span class="_ _10e"> </span>25,<span class="_ _2"/>000</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Neuenkirch-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS Logistics GmbH<span class="_ _216"> </span> <span class="_ _c0"> </span>Germany</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">en-<span class="_ _3"/>V<span class="_ _3"/>örden<span class="_ _145"> </span>EUR<span class="_ _10e"> </span>25,<span class="_ _2"/>000</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS Grundstücksv<span class="_ _2"/>er<span class="_ _4"/>waltungs </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Neuenkirch-</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">GmbH &amp; Co K<span class="_ _3"/>G<span class="_ _3"/>.<span class="_ _2d6"> </span> <span class="_ _c0"> </span>Germany</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">en-<span class="_ _3"/>V<span class="_ _3"/>örden<span class="_ _145"> </span>EUR<span class="_ _10e"> </span>20<span class="_ _3"/>,000</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ICT Logistics GmbH<span class="_ _1dc"> </span> <span class="_ _6d"> </span>German<span class="_ _3"/>y<span class="_ _6d"> </span>Nor<span class="_ _3"/>derstedt<span class="_ _cc"> </span>EUR<span class="_ _d9"> </span>25<span class="_ _3"/>,000</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> 2</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS Rail (primeRail) GmbH</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> <span class="_ _c0"> </span>Germany<span class="_ _6d"> </span>T<span class="_ _24e"/>roisdorf<span class="_ _119"> </span>EUR<span class="_ _10e"> </span>98<span class="_ _3"/>,<span class="_ _3"/>000</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Alphatr<span class="_ _3"/>ans-Szállítás </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Szolgálta<span class="_ _3"/>tó Kft.<span class="_ _2d6"> </span> <span class="_ _c0"> </span>Hungary<span class="_ _bc"> </span>G<span class="_ _4"/>yula<span class="_ _fc"> </span>HUF<span class="_ _92"> </span>3,<span class="_ _2"/>000,<span class="_ _2"/>000</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Ownership</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Company</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">share 2023</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Country<span class="_ _8f"> </span>City<span class="_ _1e9"> </span>Currency<span class="_ _9e"> </span>Share Capital</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS Seaw<span class="_ _3"/>ays Ir<span class="_ _3"/>eland Ltd.<span class="_ _c6"> </span>Ireland<span class="_ _ae"> </span>Dublin<span class="_ _d"> </span>EUR<span class="_ _1b5"> </span><span class="ls1a ws1d">100</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> 2</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Lucey T<span class="_ _24e"/>ransport Logistics Ltd.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> <span class="_ _c0"> </span>Ireland<span class="_ _106"> </span>Dublin<span class="_ _1d7"> </span>EUR<span class="_ _86"> </span>3,<span class="_ _3"/>000</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS Logistics Contra<span class="_ _3"/>cts </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> 2</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(Ireland) L<span class="_ _3"/>td.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> <span class="_ _c0"> </span>Ireland<span class="_ _106"> </span>Dublin<span class="_ _1d7"> </span>EUR<span class="_ _1b8"> </span>200</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">McBurney Refriger<span class="_ _3"/>ation </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">(Ireland) L<span class="_ _3"/>td. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Ireland<span class="_ _ae"> </span>Dublin<span class="_ _d"> </span>EUR<span class="_ _1b5"> </span><span class="ls1a ws1d">100</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> 2</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Bond Delivery Ireland L<span class="_ _2"/>td.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> <span class="_ _c0"> </span>Ireland<span class="_ _106"> </span>Dublin<span class="_ _1d7"> </span>EUR<span class="_ _1b5"> </span><span class="ls1a ws1d">100</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Samer Seaports &amp; T<span class="_ _24e"/>erminals SRL<span class="_ _5e"> </span>60.<span class="_ _2"/>00<span class="_ _5e"> </span>Italy<span class="_ _119"> </span>T<span class="_ _2"/>rieste<span class="_ _14e"> </span>EUR<span class="_ _c8"> </span>2,<span class="_ _3"/>800<span class="_ _2"/>,000</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS SIA<span class="_ _2d7"> </span> <span class="_ _c0"> </span>Lativa<span class="_ _10e"> </span>Liepaja<span class="_ _1b5"> </span>EUR<span class="_ _194"> </span>113<span class="_ _3"/>,886</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">AB DFDS Seaw<span class="_ _3"/>ays</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">98.<span class="_ _2"/>31<span class="_ _5d"> </span>Lithuania<span class="_ _c8"> </span>Klaipeda<span class="_ _142"> </span>EUR<span class="_ _79"> </span>95,252,<span class="_ _2"/>000</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">UAB DFDS T<span class="_ _24e"/>rucking<span class="_ _2ac"> </span>Lithuania<span class="_ _c8"> </span>Klaipeda<span class="_ _142"> </span>EUR<span class="_ _144"> </span>89,<span class="_ _26"/>782</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Alphatr<span class="_ _3"/>ans International </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">T<span class="_ _24e"/>rucking B.<span class="_ _24e"/>V<span class="_ _2"/>.<span class="_ _16d"> </span> <span class="_ _c0"> </span>Netherlands<span class="_ _d3"> </span>Brielle<span class="_ _2ab"> </span>EUR<span class="_ _19c"> </span>18,<span class="_ _2"/>000</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS Logistics Nijmegen B.<span class="_ _24e"/>V<span class="_ _24e"/>.<span class="_ _145"> </span> <span class="_ _c0"> </span>Netherlands<span class="_ _d3"> </span>Nijmegen<span class="_ _eb"> </span>EUR<span class="_ _d9"> </span>40,<span class="_ _2"/>840</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS T<span class="_ _24e"/>ransport B.<span class="_ _24e"/>V<span class="_ _2"/>.<span class="_ _1dc"> </span> <span class="_ _c0"> </span>Netherlands<span class="_ _75"> </span>Nijmegen<span class="_ _eb"> </span>EUR<span class="_ _10e"> </span>22,689</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Estron Beheer B<span class="_ _3"/>.<span class="_ _24e"/>V<span class="_ _2"/>.<span class="_ _2d8"> </span>Netherlands<span class="_ _d3"> </span>Rotterdam<span class="_ _18f"> </span>EUR<span class="_ _194"> </span>181,<span class="_ _2"/>600</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Estron Holding B<span class="_ _3"/>.<span class="_ _24e"/>V<span class="_ _2"/>.<span class="_ _20"> </span>Netherlands<span class="_ _d3"> </span>Rotterdam<span class="_ _18f"> </span>EUR<span class="_ _145"> </span>11,345</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS W<span class="_ _3"/>arehousing Rot<span class="_ _3"/>terdam B<span class="_ _3"/>.<span class="_ _24e"/>V<span class="_ _2"/>.<span class="_ _149"> </span>Netherlands<span class="_ _d3"> </span>Rotterdam<span class="_ _d8"> </span>EUR<span class="_ _19c"> </span>18,<span class="_ _2"/>000</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Estron B<span class="_ _3"/>.<span class="_ _24e"/>V<span class="_ _2"/>.<span class="_ _172"> </span>Netherlands<span class="_ _d3"> </span>Rotter<span class="_ _3"/>dam<span class="_ _d8"> </span>EUR<span class="_ _10e"> </span>22,500</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS Holding B.<span class="_ _24e"/>V<span class="_ _24e"/>.<span class="_ _fb"> </span> <span class="_ _c0"> </span>Netherlands<span class="_ _75"> </span>Vlaardingen<span class="_ _40"> </span>EUR<span class="_ _79"> </span>40,<span class="_ _2"/>000<span class="_ _3"/>,<span class="_ _3"/>000</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> 2</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS NewCo B.<span class="_ _26"/>V<span class="_ _2"/>.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> <span class="_ _c0"> </span>Netherlands<span class="_ _75"> </span>Vlaardingen<span class="_ _40"> </span>EUR<span class="_ _19"> </span>1</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS Logistics B.<span class="_ _24e"/>V<span class="_ _24e"/>.<span class="_ _a0"> </span> <span class="_ _c0"> </span>Netherlands<span class="_ _d3"> </span>Vlaardingen<span class="_ _40"> </span>EUR<span class="_ _b0"> </span>455<span class="_ _3"/>,<span class="_ _3"/>000</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS Seaw<span class="_ _3"/>ays B<span class="_ _3"/>.<span class="_ _24e"/>V<span class="_ _2"/>.<span class="_ _25a"> </span> <span class="_ _c0"> </span>Netherlands<span class="_ _75"> </span>Vlaardingen<span class="_ _40"> </span>EUR<span class="_ _190"> </span>18,<span class="_ _2"/>400</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS Logistics Wijchen B.<span class="_ _24e"/>V<span class="_ _24e"/>.<span class="_ _119"> </span> <span class="_ _6d"> </span>Netherlands<span class="_ _d3"> </span>Wijchen<span class="_ _10c"> </span>EUR<span class="_ _10e"> </span>20,<span class="_ _2"/>000</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS T<span class="_ _24e"/>rucking Wijchen B.<span class="_ _24e"/>V<span class="_ _2"/>.<span class="_ _1d3"> </span> <span class="_ _c0"> </span>Netherlands<span class="_ _75"> </span>Wijchen<span class="_ _10c"> </span>EUR<span class="_ _145"> </span>18<span class="_ _2"/>,152</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS W<span class="_ _3"/>arehousing Wijchen B<span class="_ _3"/>.<span class="_ _24e"/>V<span class="_ _2"/>.<span class="_ _bc"> </span> <span class="_ _6d"> </span>Netherlands<span class="_ _d3"> </span>Wijchen<span class="_ _10c"> </span>EUR<span class="_ _145"> </span>18<span class="_ _2"/>,152</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS Distri Holding B.<span class="_ _24e"/>V<span class="_ _24e"/>.<span class="_ _19"> </span> <span class="_ _c0"> </span>Netherlands<span class="_ _75"> </span>Winterswijk<span class="_ _ae"> </span>EUR<span class="_ _190"> </span>18,<span class="_ _2"/>000</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS Expeditie Holding B.<span class="_ _24e"/>V<span class="_ _24e"/>.<span class="_ _1c1"> </span>Netherlands<span class="_ _75"> </span>Winterswijk<span class="_ _ae"> </span>EUR<span class="_ _190"> </span>18,<span class="_ _2"/>000</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS Property and Equipment B<span class="_ _3"/>.<span class="_ _24e"/>V<span class="_ _2"/>.<span class="_ _1e9"> </span>Netherlands<span class="_ _75"> </span>Winterswijk<span class="_ _106"> </span>EUR<span class="_ _10e"> </span>20<span class="_ _2"/>,000</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS Logistics Winterswijk B<span class="_ _3"/>.<span class="_ _24e"/>V<span class="_ _2"/>.<span class="_ _cc"> </span> <span class="_ _c0"> </span>Netherlands<span class="_ _75"> </span>Winterswijk<span class="_ _ae"> </span>EUR<span class="_ _194"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">10<span class="_ _4"/>8,<span class="_ _3"/>310</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS Property Nijmegen B.<span class="_ _26"/>V<span class="_ _2"/>.<span class="_ _188"> </span> <span class="_ _6d"> </span>Netherlands<span class="_ _d3"> </span>Winterswijk<span class="_ _ae"> </span>EUR<span class="_ _190"> </span>18,<span class="_ _2"/>000</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS Property and Equipment </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Winterswijk B<span class="_ _3"/>.<span class="_ _24e"/>V<span class="_ _2"/>.<span class="_ _6f"> </span> <span class="_ _6d"> </span>Netherlands<span class="_ _7f"> </span>Winterswijk<span class="_ _106"> </span>EUR<span class="_ _145"> </span>77<span class="_ _26"/>,140</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">1 <span class="_ _3a"> </span> <span class="_ _2b"/>Unless otherwise indicated, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">the companies are 100% </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">owned by the DFDS Gr<span class="_ _2"/>oup.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2 <span class="_ _3b"> </span>The Company is directl<span class="_ _2"/>y<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">owned by the P<span class="_ _3"/>arent Com<span class="ls0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">pany DFDS A/S</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">3 <span class="_ _3b"> </span>Relief in accordance <span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">with Sec. 264b German </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Commercial Code (HGB).</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">4 <span class="_ _3b"> </span>Due to minority protec<span class="_ _3"/>tion <span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">in the shareholders’ agr<span class="_ _2"/>ee<span class="_ _4"/><span class="ls0">-</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ments the DFDS Group <span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">does not hav<span class="_ _3"/>e a controlling </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">interest.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">5<span class="_ _3"/>. Includes Estonian branch, </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">French br<span class="_ _2"/>anch, Lithuanian<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">branch and UK br<span class="_ _2"/>anch of<span class="_ _4"/> </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS A/S.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Ownership</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Company</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">share 2023</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Country<span class="_ _8f"> </span>City<span class="_ _1e9"> </span>Currency<span class="_ _9e"> </span>Share Capital</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">NorthSea T<span class="_ _24e"/>erminal AS<span class="_ _216"> </span> <span class="_ _c0"> </span>Norway<span class="_ _cc"> </span>Bre<span class="_ _3"/>vik<span class="_ _2ab"> </span>NOK<span class="_ _92"> </span>1,000<span class="_ _2"/>,000</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> 2</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS Logistics AS</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> <span class="_ _c0"> </span>Norway<span class="_ _cc"> </span>Lysak<span class="_ _3"/>er<span class="_ _146"> </span>NOK<span class="_ _58"> </span>20<span class="_ _2"/>,538<span class="_ _3"/>,<span class="_ _3"/>000</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS Spedition Norge AS<span class="_ _68"> </span>Norway<span class="_ _cc"> </span>Oslo<span class="_ _19"> </span>NOK<span class="_ _cc"> </span>500<span class="_ _3"/>,000</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> 2</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS Seaw<span class="_ _3"/>ays AS</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> <span class="_ _c0"> </span>Norway<span class="_ _cc"> </span>Oslo<span class="_ _20a"> </span>NOK<span class="_ _58"> </span>12,000<span class="_ _2"/>,000</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS Polska Sp<span class="_ _3"/>. z o.o.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> <span class="_ _c0"> </span>Poland<span class="_ _ae"> </span>Poznan<span class="_ _1b8"> </span>PLN<span class="_ _72"> </span>10<span class="_ _3"/>,<span class="_ _3"/>005<span class="_ _3"/>,000</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS Logistics Polska Sp<span class="_ _3"/>. z o.o.<span class="_ _5b"> </span>80<span class="_ _2"/>.00<span class="_ _5e"> </span>Poland<span class="_ _194"> </span>Szubin<span class="_ _1d7"> </span>PLN<span class="_ _10e"> </span>50,<span class="_ _2"/>000</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS Investments Sp<span class="_ _3"/>. z o.o.<span class="_ _106"> </span>80<span class="_ _2"/>.<span class="_ _3"/>00<span class="_ _5e"> </span>Poland<span class="_ _ae"> </span>Szubin<span class="_ _14e"> </span>PLN<span class="_ _e7"> </span><span class="ls18 ws1b">5,0<span class="_ _4"/>0<span class="_ _4"/>0</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS Logistics Solutions Romania </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">SRL<span class="_ _263"> </span> <span class="_ _c0"> </span>Romania<span class="_ _ac"> </span>Buchar<span class="_ _3"/>est<span class="_ _19c"> </span><span class="ls5f ws4d">RON<span class="_ _194"> </span></span>14<span class="_ _2"/>7<span class="_ _2"/>,<span class="_ _3"/>050</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Romania T<span class="_ _24e"/>ransport Group SRL<span class="_ _194"> </span> <span class="_ _6d"> </span>Romania<span class="_ _6d"> </span>Tibod<span class="_ _fc"> </span><span class="ls5f ws4d">RON<span class="_ _eb"> </span></span>1,000</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">N&amp;K Spedition Spain S.L.<span class="_ _1c0"> </span>80<span class="_ _2"/>.00<span class="_ _5e"> </span>Spain<span class="_ _1a5"> </span>T<span class="_ _24e"/>arragona<span class="_ _19c"> </span>EUR<span class="_ _10e"> </span>60,<span class="_ _2"/>000</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> 2</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS Seaw<span class="_ _3"/>ays Hispania S.L.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> <span class="_ _c0"> </span>Spain<span class="_ _1a5"> </span>V<span class="_ _3"/>alencia<span class="_ _18a"> </span>EUR<span class="_ _14d"> </span>3,<span class="_ _2"/>000</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> 2</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS Logistics Services AB</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> <span class="_ _c0"> </span>Sweden<span class="_ _40"> </span>Gothenbur<span class="_ _3"/>g<span class="_ _b0"> </span>SEK<span class="_ _ac"> </span>1,100<span class="_ _2"/>,000</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS AB<span class="_ _2d8"> </span> <span class="_ _6d"> </span>Sw<span class="_ _2"/>eden<span class="_ _40"> </span>Gothenburg<span class="_ _b0"> </span>SEK<span class="_ _a9"> </span>500,<span class="_ _2"/>000</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS Logistics Contra<span class="_ _3"/>cts AB<span class="_ _1a5"> </span> <span class="_ _c0"> </span>Sweden<span class="_ _40"> </span>Gothenburg<span class="_ _a9"> </span>SEK<span class="_ _19c"> </span>50,<span class="_ _2"/>000</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS Logistics Partners AB<span class="_ _ed"> </span><span class="ls18 ws1b">8<span class="_ _4"/>5.0<span class="_ _4d"/>0<span class="_ _5d"> </span></span>Sweden<span class="_ _b"> </span>Gothenburg<span class="_ _a9"> </span>SEK<span class="_ _6d"> </span>1,000<span class="_ _2"/>,000</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> 2</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS Professionals AB</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">8<span class="_ _4d"/>7.<span class="_ _4d"/>5<span class="_ _4d"/>0<span class="_ _4b"> </span><span class="ls0 ws0">Sweden<span class="_ _40"> </span>Gothenburg<span class="_ _a9"> </span>SEK<span class="_ _190"> </span>25<span class="_ _3"/>,000</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS T<span class="_ _24e"/>urkey Denizcilik ve <span class="ls0"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">T<span class="_ _24e"/>asi Y<span class="_ _2"/>ati A.Ş.<span class="_ _16d"> </span><span class="ls0"> <span class="_ _c0"> </span>T<span class="_ _2"/>ürkiye<span class="_ _106"> </span>Istanbul<span class="_ _15d"> </span>EUR<span class="_ _5d"> </span>342,000<span class="_ _24e"/>,000</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">T<span class="_ _24e"/>rieste Newholdco Denizcilik </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ve T<span class="_ _24e"/>aşımacılık A.Ş.<span class="_ _20"> </span>T<span class="_ _2"/>ürkiye</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Istanbul</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">EUR<span class="_ _5f"> </span>461,635<span class="_ _2"/>,380</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">T<span class="_ _24e"/>rieste Holdco Denizcilik </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">ve T<span class="_ _24e"/>aşımacılık A.Ş.<span class="_ _20"> </span>T<span class="_ _2"/>ürkiye</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Istanbul</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">EUR<span class="_ _76"> </span>464,440<span class="_ _2"/>,121</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">T<span class="_ _24e"/>rieste Midco Denizcilik ve </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">T<span class="_ _24e"/>aşımacılık A.Ş. <span class="_ _68"> </span> <span class="_ _c0"> </span>T<span class="_ _2"/>ürkiye<span class="_ _ae"> </span>Istanbul<span class="_ _23"> </span>EUR<span class="_ _4e"> </span>4<span class="_ _2"/>75<span class="_ _2"/>,242,<span class="_ _24e"/>795</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS Denizcilik ve </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">T<span class="_ _24e"/>asimacilik A.Ş.<span class="_ _b5"> </span><span class="ls24 ws27">9<span class="_ _4"/>8.8<span class="_ _4"/>0<span class="_ _5d"> </span></span>T<span class="_ _24e"/>ürkiye<span class="_ _ae"> </span>Istanbul<span class="_ _23"> </span>EUR<span class="_ _76"> </span>369,<span class="_ _2"/>967<span class="_ _24e"/>,159</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Ownership</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Company</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">share 2023</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Country<span class="_ _8f"> </span>City<span class="_ _1e9"> </span>Currency<span class="_ _9e"> </span>Share Capital</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">McBurney T<span class="_ _24e"/>ransport Group L<span class="_ _3"/>td. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">United Kingdom<span class="_ _21f"> </span>Ballymena<span class="_ _18f"> </span>GBP<span class="_ _155"> </span>947<span class="_ _26"/>,934</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">2</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Bondelivery NI Ltd. </span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">United Kingdom<span class="_ _21f"> </span>Ballymena<span class="_ _18f"> </span>GBP<span class="_ _155"> </span>260,11<span class="_ _3"/>0</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Huisman International (UK) L<span class="_ _3"/>td.<span class="_ _11e"> </span> <span class="_ _c0"> </span>United Kingdom<span class="_ _11f"> </span>Corby<span class="_ _14a"> </span>GBP<span class="_ _1b8"> </span><span class="ls1a ws1d">100</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> 2</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS Logistics Ltd.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> <span class="_ _c0"> </span>United Kingdom<span class="_ _21f"> </span>Immingham<span class="_ _cd"> </span>GBP<span class="_ _72"> </span>15,150<span class="_ _2"/>,000</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS Logistics Contra<span class="_ _3"/>cts Ltd.<span class="_ _ed"> </span> <span class="_ _c0"> </span>United Kingdom<span class="_ _11f"> </span>Immingham<span class="_ _cc"> </span>GBP<span class="_ _6d"> </span>2,<span class="_ _3"/>571,<span class="_ _2"/>495</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> 2</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS Logistics Services Ltd.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> <span class="_ _c0"> </span>United Kingdom<span class="_ _21f"> </span>Immingham<span class="_ _cd"> </span>GBP<span class="_ _1b8"> </span><span class="ls1a ws1d">100</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS Logistics Property Ltd.<span class="_ _ef"> </span> <span class="_ _c0"> </span>United Kingdom<span class="_ _11f"> </span>Immingham<span class="_ _cc"> </span>GBP<span class="_ _cd"> </span>250,<span class="_ _2"/>000</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> 2</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS Seaw<span class="_ _3"/>ays Holding L<span class="_ _3"/>td.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> <span class="_ _c0"> </span>United Kingdom<span class="_ _21f"> </span>Immingham<span class="_ _cd"> </span>GBP<span class="_ _cd"> </span>250,<span class="_ _2"/>000</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> 2</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DFDS Seaw<span class="_ _3"/>ays Plc.</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;"> <span class="_ _c0"> </span>United Kingdom<span class="_ _21f"> </span>Immingham<span class="_ _cd"> </span>GBP<span class="_ _58"> </span>40,250<span class="_ _2"/>,<span class="_ _3"/>000</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">LLC DFDS<span class="_ _5"> </span> <span class="_ _6d"> </span>Ukr<span class="_ _3"/>aine<span class="_ _cc"> </span>Kiev<span class="_ _1e2"> </span><span class="ls8c ws8f">UAH<span class="_ _155"> </span></span>35<span class="_ _3"/>7<span class="_ _24e"/>,644</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Associates:<span class="_ _235"> </span><span class="ff3"> <span class="_ _26d"> </span> <span class="_ _2d4"> </span> </span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Bohus T<span class="_ _24e"/>erminal Holding AB</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">6<span class="_ _4"/>5.0<span class="_ _4"/>0<span class="_ _5d"> </span><span class="ls0 ws0">Sweden<span class="_ _b"> </span>Gothenburg<span class="_ _b0"> </span>SEK<span class="_ _19c"> </span>50<span class="_ _3"/>,<span class="_ _3"/>000</span></span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Gothenburg R<span class="_ _3"/>O/RO T<span class="_ _24e"/>erminal AB<span class="_ _31"> </span><span class="ls18 ws1b">65.0<span class="_ _4d"/>0<span class="_ _5d"> </span></span>Sweden<span class="_ _b"> </span>Gothenburg<span class="_ _a9"> </span>SEK<span class="_ _6d"> </span>5<span class="_ _2"/>,000<span class="_ _2"/>,000</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">DeaL Energy A/<span class="_ _3"/>S<span class="_ _2d5"> </span>50.<span class="_ _2"/>00<span class="_ _5d"> </span>Denmark<span class="_ _c0"> </span>Hellerup<span class="_ _1c0"> </span>DKK<span class="_ _cd"> </span>500,<span class="_ _2"/>000</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">Euro Asia cold Chain Logistic<span class="_ _de"> </span>52.04<span class="_ _5e"> </span>China<span class="_ _144"> </span>Shanghai<span class="_ _ef"> </span>CNY<span class="_ _79"> </span>22,100<span class="_ _3"/>,<span class="_ _3"/>000</span><span xmlns="http://www.w3.org/1999/xhtml" style="display:inherit;clear:left;">22 Dormant entities</span> Marmorvej 18, DK-2100 Copenhagen Ø