Balance sheet


Audited by PwC
Dec. 31, 2010   Dec. 31, 2009
Note     DKK million  DKK million  
ASSETS
Completed IT development projects 147  61 
Acquired patents, licenses, and know-how 322  355 
Goodwill
IT development projects in progress   29  121   
5 Intangible fixed assets 500  539 
Land and buildings 1,099  1,145 
Production equipment and machinery 775  694 
Other equipment 163  125 
  Property, plant and equipment under construction 401  325   
6 Property, plant and equipment 2,438  2,289 
Investments in subsidiaries 3,180  2,577 
Receivables from subsidiaries 108    -
Other investments 82  39 
Other receivables   114    -  
7 Financial fixed assets 3,484  2,616 
Total fixed assets 6,422  5,444 
Raw materials and consumables 112  121 
Work in progress 263  309 
Finished goods   362  431   
Inventories 737  861 
Trade receivables 580  485 
Amounts owed by related companies 2,596  2,176 
Tax receivables 141  124 
8 Other receivables   169  244   
Receivables 3,486  3,029 
         
Securities 95    -
         
Cash at bank and in hand 1,117  883 
Total current assets 5,435  4,773 
         
Total assets 11,857  10,217 
 

Dec. 31, 2010   Dec. 31, 2009
Note     DKK million  DKK million  
LIABILITIES AND SHAREHOLDERS' EQUITY
9 Common stock 650  650 
Revaluation reserve according to the equity method   - 408 
Treasury stock (1,632) (1,777)
Retained earnings 8,176  6,092 
Proposed dividend   504  358   
Total shareholders' equity 7,698  5,731 
Other provisions   49  43   
Total provisions 49  43 
10 Credit institutions   1,553  1,024   
Total non-current liabilities 1,553  1,024 
Credit institutions 68  986 
Trade payables 356  265 
Amounts owed to related companies 1,558  1,592 
Other payables   575  576   
Total current liabilities 2,557  3,419 
Total liabilities 4,110  4,443 
         
Total liabilities and shareholders' equity 11,857  10,217 
Notes regarding:
11 Segment information
12 Contingent liabilities and pending litigation
13 Related party transactions
14 Joint ventures
15 Statement of cash flows and financial resources

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