PARENTCOMPANY FINANCIAL STATEMENTS •103
BALANCE SHEET
AT 31 DECEMBER
DKKmillion
Notes
2014
2013
ASSETS
Intangible assets
3.2
2,881
2,859
Property, plant and equipment
3.3
18
21
Investments in subsidiaries
3.1
2,367
2,215
Loans to subsidiaries
161
143
Other non-current financial assets
20
7
Total non-current assets
5,447
5,245
Inventories
3.4
810
745
Financial instruments
4.2
99
-
Trade receivables
3.5
8
10
Receivables from subsidiaries
2,549
1,901
Other receivables
82
375
Cash
527
329
Total current assets
4,075
3,360
Total assets
9,522
8,605
EQUITYAND LIABILITIES
Share capital
4.1
128
130
Share premium
1,229
1,248
Treasury shares
-2,679
-738
Reserves
-29
-17
Proposed dividend
1,088
823
Retained earnings
5,080
3,405
Total equity
4,817
4,851
Provisions
3.6
15
-
Deferred tax liabilities
2.3
361
469
Total non-current liabilities
376
469
Provisions
3.6
141
126
Loans and borrowings
-
45
Financial instruments
4.2
268
148
Payables to subsidiaries
3,321
2,506
Trade payables
164
154
Income tax payable
329
253
Other payables
106
53
Total current liabilities
4,329
3,285
Total liabilities
4,705
3,754
Total equity and liabilities
9,522
8,605
