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Management report

 Signatures and
auditors' report

Accounting policies

Key figures and ratios

Profit and loss account

Balance sheet

Cash flow statement

Notes

Group companies

 		 

 

 

     Accounting Policies 

PARENT COMPANY
Note
Assets (DKK - in thousands)    


GROUP  

2001
 		 2002
 		       2002
 		 2001
 
- 0 Patents and licences 2,611 -
- 0   Goodwill

8,578

 -
- 0 5 Intangible fixed assets 11,189 -
27,375 26,627     Land and buildings   165,254    164,211
0

0

    Production plant and machinery  

104,109

   105,653
594 1,269  

Fixtures, tools and equipment 122,937  117,253
0 0  

Leasehold improvements 34,607  32,649
27,969 27,896 6 Tangible fixed assets 426,907 419,766
380,986 552,512     Shares in subsidiary undertakings  

-

 -
0   0     Shares in associated undertakings   1,356    717
 
5,545		    
1,063		     Securities and participating interests  
1,843		    
6,831
 0    0     Other receivables    26,997    18,864
 0    0  

8

Deferred tax, asset    47,772    41,820
0

0

  9 Own shares

0

0

386,531

 553,575 7 Financial fixed assets 77,968

68,232
414,500 581,471     Total fixed assets   516,064 487,998
 
0		  
0		     Raw materials and purchased components    
239,826		    
253,655
 0    0     Goods in progress    42,949    62,242
0 0     Finished goods   331,300 357,247
0 0 Inventories 614,075 673,144
 0    0     Trade debtors  618,614  641,535
 
138,958		    
118,484		     Accounts receivable, subsidiary undertakings    
-		    
-
0 22,188 4 Corporation tax 0 0
 429    1,244     Other debtors       38,874    39,215
 
0		    
0		     Non-realised gains on financial contracts    
51,866		    
0

332

127

  15  Prepayments and accrued expenses  

35,590

44,516
139,719 142,043 Debtors 744,944 725,266
0 0     Liquid funds   116,478 120,045
139,719 142,043     Total current assets   1,475,497 1,518,455
 
554,219 723,514     Total assets   1,991,561 2,006,453
 


Accounting Policies
PARENT COMPANY Note  Liabilities  (DKK - in thousands)    GROUP
2001
 		 2002
 		         2002
 		 2001
 
74,713 74,713     Share capital   74,713   74,713
88,088 353,054 Retained profit 353,054

88,088
162,801 427,767 10 Shareholders' equity 427,767 162,801
3,381    3,545    8 Provision for deferred taxes   30,578    26,658
0  0 11 Other provisions 86,493 109,514
3,381 3,545   Provisions for liabilities 117,071 136,172
 0    0     Mortgage debt   3,267 3,666
109,024 98,684   Other long-term debt   707,647 865,498
109,024 98,684 12 Long-term creditors 710,914 869,164
10,265 10,249 Short-term part of long-term creditors 27,666 13,887
155,949 150,747 Interest-bearing short-term debt 220,636 258,735
0 0 Trade creditors 124,705 164,227
13,300 0 4 Corporation tax 20,477 41,666
95,971 27,413 Debt, subsidiary undertakings - -
3,528 5,109 Other creditors 243,484 267,160
0 0 Non-realised losses on financial contracts 10,241 8,364
0 0  15 Prepayments and accrued income 88,600  84,277 
279,013 193,518 Short-term creditors 735,809 838,316
388,037  292,202     Total creditors   1,446,723 1,707,480
554,219  723,514     Total liabilities   1,991,561 2,006,453
13 Contingent liabilities
14 Employees
16 Fees to auditors
17 Related party transactions

 

18

Government subsidies



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